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World Journal of Civil Engineering and Architecture
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  3. World Journal of Civil Engineering and Architecture
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  5. Volume 2, Number 1, 2023
  6. Article
  7. Table 6

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

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*