Private prison .A private prison or for-profit prison, jail, or
detention center is a place in which individuals are physically
confined or interned by a third party that is contracted by a
government agency. Private prison companies typically enter into
contractual agreements with governments that commit prisoners and
then pay a per diem or monthly rate for each prisoner confined in
the facility. Today, the privatization of prisons refers both to
the takeover of existing public facilities by private operators and
to the building and operation of new and additional prisons by
for-profit prison companies. operate under 5 year contracts. Soon
private prisons were established under the government's Private
Finance Initiative, where contracts are awarded for the entire
design, construction, management and finance of a prison under 25
year contracts. Later, Government attempted to 'market test'
prisons operated by the public sector, though no prison transferred
from public to private operation through this route until
Birmingham in 2011. 2] Prisons operated by the private sector are
subject to re-competition at the end of the contract, when the
public sector may bid, and on 3 occasions has done so successfully.
Privately run prisons are run under contracts which set out the
standards that must be met.
General
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