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

Risk Factors	Risk Probability	Std. Deviation	Rank	Asymp. Sig
Availability of Finance	6.60	0.855	1	0.136
High Finance cost	6.27	0.740	2	.000*
Non-involvement of the host community	6.06	0.544	3	.000*
Poor execution of Housing Policies	6.06	0.471	4	0.050
Corruption and lack of respect for Law	6.06	0.446	5	0.016
Wrong perception of housing need by low-income earners	5.97	0.462	6	0.000*
Illegal Title to Land	5.94	0.418	7	0.018
Land acquisition and Site availability	5.91	1.155	8	0.286
Level of Demand for the mass housing projects	5.82	0.808	9	0.145
Unstable Value of Local Currency	5.78	0.471	10	0.874
Inadequate experience in PPP	5.75	0.749	11	.000*
Lack of creditworthiness	5.67	0.787	12	0.200
Risk regarding Pricing of Product/service	5.62	0.639	13	.000*
Prolonged negotiation period before initiation	5.55	0.758	14	0.015
Influential Economic Events (Boom/Recession)	5.55	0.916	15	0.241
Inadequate distribution of responsibility and risks	5.53	0.987	16	.000*
High Bidding cost	5.52	0.765	17	.003*
Lack of Commitment from Public/Private Partners	5.47	0.717	18	0.008*
Poor Financial Market	5.43	0.792	19	0.163
Financial attraction to project investors	5.40	0.942	20	0.163
Construction time delay	5.39	0.658	21	0.151
Inflation rate volatility	5.39	0.802	22	.000*
Poor decision-making process	5.38	0.800	23	0.032
Inadequate distribution of Authority between Partners	5.34	0.695	24	0.205
Delays in Project approvals and permits	5.34	0.768	25	0.001*
Construction cost overrun	5.26	0.602	26	0.111
Change in Government	5.24	0.788	27	0.349
Public opposition to the mass housing projects	5.22	1.088	28	0.149
Interest rate volatility	5.19	0.824	29	.000*
Force Majeure	5.17	0.957	30	0.043
Weather	5.11	0.871	31	.000*
Operation cost overrun	5.05	0.658	32	.000*
Land Grabbing/Encroachment	4.95	0.852	33	.000*
Organization and Coordination risk	4.90	0.975	34	.000*
Inability to service debt	4.81	0.813	35	0.025
Competition risk	4.74	0.618	36	0.124
Lack of tradition of private provision of public services	4.74	1.157	37	0.055
The bankruptcy of the investors (OPS)	4.72	0.883	38	.000*