• What Are The Pros And Cons Of Privatization?

127 Words1 Pages
In general, privatization has many pros and cons. Some pros of privatization are that it allows both citizens and government managers to achieve certain goals. For example, through privatization, cost savings increases, gives contracting government access to expertise because it is cheaper to hire architects, engineers or lawyers on an as needed basis rather than full time employment. Competitors provides buyer and bidders with better quality services and incentives to compete with other vendors. Additionally, through privatization, ideally everything is intended to be completed on a timely manner because “time is money” and therefore can face penalties for delays. Due to this, many contractors often recruit additional workers so that they