Evaluation of the Incidences of Risk Occurrence and Severity in PPP-Procured Mass Housing Projects (PPP-MHPs) in Abuja, Nigeria
Table 5.
01Table 5. Level of Severity of Risk Factors in PPPprocured Mass Housing Projects
|
| Risk Factors |
Risk Severity |
Std. Deviation |
Rank |
Asymp.Sig |
|
|
| Availability of Finance |
6.54 |
0.544 |
1 |
0.593 |
|
| High Finance cost |
6.22 |
0.54 |
2 |
.000* |
|
| Corruption and lack of respect for Law |
6.03 |
0.408 |
3 |
.000* |
|
| Wrong perception of housing need by low-income earners |
5.98 |
0.305 |
4 |
0.053 |
|
| Land acquisition and Site availability |
5.92 |
0.488 |
5 |
0.001* |
|
| Illegal Title to Land |
5.90 |
0.397 |
6 |
0.026 |
|
| Non-involvement of the host community |
5.90 |
0.567 |
7 |
0.001* |
|
| Poor execution of Housing Policies |
5.88 |
0.516 |
8 |
.000* |
|
| Level of Demand for the mass housing projects |
5.83 |
0.458 |
9 |
0.317 |
|
| Inadequate experience in PPP |
5.79 |
0.512 |
10 |
.000* |
|
| Inadequate distribution of responsibility and risks |
5.76 |
0.644 |
11 |
.000* |
|
| Unstable Value of Local Currency |
5.68 |
0.566 |
12 |
.000* |
|
| Lack of creditworthiness |
5.68 |
0.69 |
13 |
0.880 |
|
| Construction time delay |
5.62 |
0.511 |
14 |
0.001* |
|
| Lack of Commitment from Public/Private Partners |
5.60 |
0.623 |
15 |
.000* |
|
| Risk regarding Pricing of Product/service |
5.57 |
0.682 |
16 |
.000* |
|
| Force Majeure |
5.54 |
1.033 |
17 |
.000* |
|
|
|
|
