Write short note on Payment Mechanism.
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The payment mechanism is the principal means for allocating risks and providing incentives in the PPP contract. A useful way to approach the design of the payment mechanism is to start with a basic/ideal structure for the Authority.
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Here is ur answer..
The payment mechanism is the principal means for allocating risks and providing incentives in the PPP contract. A useful way to approach the design of the payment mechanism is to start with a basic/ideal structure for the Authority.
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Explanation:
A payment mechanism is fundamental to a PPP (Public-Private Partnership) arrangement, offering the negotiated means of risk sharing between partners in the public and private sectors and motivating partners through performance-based payments. There are two forms of systems of payment: accessibility and revenue-based.
They allow the person to pay a house deposit, withdraw money from a cash machine, pay by direct debit, write a check, receive your wages directly into your bank account, and transfer money through your smartphone.
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