Evaluation of the Incidences of Risk Occurrence and Severity in PPP-Procured Mass Housing Projects (PPP-MHPs) in Abuja, Nigeria

World Journal of Civil Engineering and Architecture | Vol 2, Issue 1

Table 6. Level of Severity of Risk Factors in PPPprocured Mass Housing Projects- Cont’d

Risk Factors	Risk Severity	Std. Deviation	Rank	Asymp.Sig
Land Grabbing/Encroachment	5.52	0.77	18	0.388
Inadequate distribution of Authority between Partners	5.51	0.765	19	.000*
Construction cost overrun	5.50	0.567	20	.000*
Prolonged negotiation period prior to initiation	5.48	0.586	21	.000*
Interest rate volatility	5.47	0.76	22	.000*
Poor Financial Market	5.46	0.963	23	.000*
Poor decision-making process	5.45	0.604	24	0.931
Influential Economic Events (Boom/Recession)	5.41	0.785	25	.000*
High Bidding cost	5.38	0.848	26	0.029
Financial attraction to project investors	5.36	1.047	27	0.064
Delay in Project approvals and permits	5.34	0.641	28	0.540
Change in Government	5.30	1.073	29	0.031
Public opposition to the mass housing projects	5.15	1.286	30	0.001*
Weather	5.08	1.092	31	.000*
Inflation rate volatility	5.06	0.992	32	.000*
Operation cost overrun	5.04	0.716	33	.000*
Insolvency/default of Subcontractors and Suppliers	5.02	0.873	34	.000*
Inability to service debt	4.99	0.895	35	0.010
Excessive contract variation	4.93	0.832	36	.000*
Organization and Coordination risk	4.92	0.805	37	.000*
Bankruptcy of the investors (OPS)	4.87	1.028	38	0.011
Operational revenue below the projection	4.80	0.719	39	.000*
Geotechnical conditions	4.79	0.946	40	.000*
Different working methods/know-how between partners	4.75	0.781	41	.000*
Lack of tradition of private provision of public services	4.70	0.999	42	0.052
Lack of Government guarantee	4.70	1.091	43	0.140
Legislation change/Inconsistencies	4.68	0.861	44	0.322
Environment	4.67	0.639	45	0.062
Inconsistencies in Government Policies	4.66	1.105	46	.000*
Availability of appropriate labour/material	4.64	0.912	47	0.014
Third party tort liability	4.61	0.692	48	0.001*
Possible expropriation/nationalization of assets	4.60	0.912	49	.000*
Rate of Return restrictions	4.60	1.177	50	.000*
Low operating productivity	4.59	0.619	51	.000*
Competition risk	4.55	0.837	52	.000*
Import and Export restriction	4.49	0.625	53	.000*
Poor Quality of Workmanship	4.48	0.814	54	0.041
Unproven Engineering techniques	4.45	0.694	55	.000*
Design deficiencies	4.40	1.15	56	0.007*
Residual value (After concession period)	4.38	0.771	57	.000*
Staff crises	4.36	0.589	58	0.043
Industrial regulation change	4.30	0.755	59	.004*
Late design changes	4.30	1.041	60	0.620
Change in tax regulation	4.29	1.016	61	.000*
Cultural differences between the main Stakeholders	4.23	1.189	62	.000*
Strong Political opposition	4.14	0.913	63	.000*