Public-private stewardship : achieving value-for-money in public-private partnerships / Joshua M. Steinfeld.
Steinfeld, Joshua M., author.
2023
HD3871
Available Online

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Title
Public-private stewardship : achieving value-for-money in public-private partnerships / Joshua M. Steinfeld.
Author
Steinfeld, Joshua M., author.
ISBN
9783031171314 (electronic bk.)
3031171314 (electronic bk.)
9783031171307
3031171306
DOI
https://doi.org/10.1007/978-3-031-17131-4
Published
Cham : Palgrave Macmillan, [2023]
Copyright
©2023
Language
English
Description
1 online resource
Item Number
10.1007/978-3-031-17131-4 doi
Call Number
HD3871
Dewey Decimal Classification
361.2/
Summary
In this well-written book and valuable contribution to improving PPPs, Joshua Steinfeld provides insightful theoretical, conceptual, and practical approaches for Public-Private Stewardship practices for achieving improved VFM and PPP outcomes. Rene Rendon, Associate Professor, Naval Postgraduate School, Monterey, CA, USA Joshua Steinfeld has masterfully discussed and assimilated longstanding Defense and Federal acquisition tenets into and practical processes and actual examples for successful public and private sector partnerships. Jeff Brunner, Senior Acquisition Advisor to the Chairman, U.S. Joint Chiefs of Staff (Retired), Washington, DC, USA As governments and firms partner on large complex projects, Dr. Steinfeld provides a compelling case of the need to align public values with business interests to ensure a successful outcome. Dr. Steinfelds tour through recent U.S. Department of Defense procurement provides an illustrative context for these increasingly common partnerships. Trevor Brown, Dean, John Glenn College of Public Affairs, The Ohio State University, Columbus, OH, USA This book introduces public-private stewardship (PPS) as a theory and concept to achieve value-for-money (VFM) in public-private partnerships (PPPs). PPS incorporates the public stewardship tenets of fiduciary responsibility and advancing public interest factoring in private sector elements. Value propositions can be derived from shared values of transparency, accountability, efficiency, effectiveness, sustainability, innovation, and security that support decision making for inter-organizational mission, strategy, operations, and objectives. PPS practices ensue as the public-private steward utilizes competencies in procurement and contracting. Seven portraits of PPS to achieve VFM are illustrated by Department of Navy and Department of Defense examples. Joshua M. Steinfeld is Assistant Professor of Public Service, Director of the Graduate Certificate in Public Procurement & Contract Management, and Director of the Graduate Certificate in Public Sector Leadership at Old Dominion University, Norfolk, VA, USA.
Bibliography, etc. Note
Includes bibliographical references and index.
Access Note
Access limited to authorized users.
Source of Description
Online resource; title from PDF title page (SpringerLink, viewed March 17, 2023).
Available in Other Form
Print version: 9783031171307
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Intro
Contents
1 Introduction
Connecting Public-Private Stewardship to Value-For-Money
Seven Portraits of Stewardship to Achieve Value-For-Money
Department of Defense (DOD) Procurement and Contracting as Exemplars
Overview of Chapters
References
2 Leadership as Stewardship
Expertise and Curiosity
Expertise and Curiosity as a Conduit
Leadership in Contracting and Partnering to Stewardship
From Expertise and Curiosity to Leadership and Stewardship
Linking Expertise to Leadership
Gathering and Understanding a Model of Leadership for Stewardship

Institutionalizing and Practicing Leadership as Stewardship
References
3 Political Actor for Political Settlement
Establishing Business Norms
Addressing the High Costs of Acquisition
Improving Performance and Return on Investment in Cybersecurity
Engineering for Values Using the Procurement Function
Politicizing Procurement for Value Sharing
From Shared Values to PPS Practice
Gathering Stakeholder Buy-In
References
4 The Catalyst of the Public Interest
Key Stakeholders and Standardization as a Tool
Facilitating the Public Interest Among Actors

Complex Requirements in Public-Private Stewardship
Consolidation and Competition
The Publicness of the Catalyst
Setting the Scenario for the Catalyst to Act
Combining Expertise, Management, and Leadership to Practice Stewardship
References
5 Implementation through Communication
Bridging the Public Policy Structure and Implementation
Communication Channels and Means of Authority
Communication Channels and Feedback Within the Organization
Generating Value from Acquisition Planning
Communication Routes for Public-Private Stewardship Practices

Public Stewardship of the Private Partner as Public-Private Stewardship
Basic Contracting Tools for Public-Private Stewardship Practices: Contract Pricing Types
Basic Contracting Tools for PPS Practices: Solicitation Type and Source Selection Type
References
6 Transparent Engagement across Organization
Transparency and Contract Management Decision Making
Transparency Through Market Research
Transparency to Improve Partnering for the Achievement of Value-For-Money
Transparency and Public Values Decision Making
Overcoming Trade-Offs and Obstacles
References

7 Progress from Learning and Adaptation
The Practitioner-Researcher as a Form of Learning and Adaptation
Linking Training and Adaptation
Lessons Learned in Contract Auditing and Contract Closeout
References
8 Stewardship Theory over Agency Theory
Agency Theory and Stewardship Theory in Contracting-Out
Decision Making in Stewardship Theory and Agency Theory
VFM in Stewardship Theory and Agency Theory
Linking New Public Management to Public-Private Stewardship
Deriving Public-Private Stewardship from New Public Service
References

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