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

Table 4.

Level of Risk Occurrence/Probability in PPPProcured Mass Housing Projects Cont.


Risk Factors	Risk Probability	Std. Deviation	Rank	Asymp. Sig

Operational revenue below the projection	4.69	0.622	39	.000*
Inconsistencies in Government Policies	4.68	0.711	40	0.143
Environment	4.64	0.681	41	.000*
Third-party tort liability	4.57	0.657	42	.000*
Different working methods/know-how between partners	4.54	0.789	43	0.080
Change in tax regulation	4.50	0.795	44	0.852
Residual value (After the concession period)	4.47	0.764	45	.000*
Design deficiencies	4.47	0.943	46	0.548
Availability of appropriate labor/material	4.45	0.763	47	0.019
Excessive contract variation	4.43	0.715	48	.000*
Low operating productivity	4.41	0.823	49	0.025
Rate of Return restrictions	4.39	0.940	50	.000*
Lack of Government guarantee	4.39	1.001	51	0.009
Industrial regulation change	4.33	0.726	52	.005*
Legislation change/Inconsistencies	4.28	0.715	53	0.092
Cultural differences between the main Stakeholders	4.27	1.159	54	0.672
Insolvency/default of Subcontractors and Suppliers	4.25	0.655	55	.000*
Strong Political opposition	4.21	0.685	56	.000*
Unproven Engineering techniques	4.20	0.719	57	.000*
Import and Export restriction	4.19	0.645	58	.001*
Poor Quality of Workmanship	4.12	0.754	59	.000*
Possible expropriation/nationalization of assets	4.12	0.755	60	.000*
Geotechnical conditions	4.12	0.895	61	0.289
Staff crises	4.11	0.686	62	.000*
Late design changes	4.00	0.851	63	0.016