Journal of Engineering, Project, and Production Management, 2020, 10(1), 42-49
Critical Risk Factors Associated with Public Private Partnership Housing Projects
1Senior Lecturer, Department of
Estate Management, Faculty of Environmental Sciences, University of Jos,
Nigeria. P.M.B. 2084. Email: sanda_yakubu@yahoo.com (corresponding
author).
2Professor, Department of Building, Faculty of Environmental
Sciences, University of Jos, Nigeria.
3Lecturer II, Department of Quantity Surveying, Faculty of
Environmental Sciences, University of Jos, Nigeria.
4Lecturer, Department of Estate Management & Valuation,
Abubakar Tatari Ali Polytechnic Bauchi, Nigeria.
Project Management
Received August 9, 2019; revised November 16, 2019; accepted November 18, 2019
Available online December 8, 2019
Abstract: Studies have shown that project risks are responsible for the failure of most Public Private Partnership (PPP) projects. The study examined the critical risk factors associated with PPP housing projects. Data for the research was obtained through a questionnaire. The data were analysed using descriptive statistics and mean ratings. Corruption and bribery among contracting parties (0.681), Exchange rate volatility (0.621) Availability of development funds (0.599) and Change in government (0.580) were the critical risk factors identified. The study also indicated that project cost is highly influenced by lack of development funds and changes in interest rates. The quality of PPP housing projects in Abuja was found to be influenced by partner selection risks. The study suggested a competitive, transparent, and efficient bid process to eliminate corruption, workable strategies for ensuring the availability of development funds at a cheaper rate and adopting mixed strategy in which government continues to provide social housing to the low-income class while providing the enabling environment for the private sector to thrive.
Keywords: Critical, risks, PPP, housing, projects.
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Citation: Sanda, Y. N., Anigbogu, N. A., Rugu, E. A., and Babas, L. Y. (2020). Critical Risk Factors Associated with Public Private Partnership Housing Projects. Journal of Engineering, Project, and Production Management, 10(1), 42-49.
DOI:
10.2478/jeppm-2020-0006
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