Evaluation of the Critical risk factors in PPP - procured Mass Housing Projects in Abuja Nigeria - A fuzzy synthetic evaluation (FSE) approach

Abstract

The study accessed the critical risk factors in public-private partnership procured mass housing project (PPP-MHP) delivery in Nigeria. The research design adopts a quantitative approach, using well-structured questionnaires distributed to stakeholders involved in PPP-MHPs i.e. the consultants, in-house professionals, contractors, and the organized private sector (OPS) registered with PPP departments of the Federal Capital Territory Development Authority (FCDA) Abuja, Nigeria. The instrument relates to the background information of respondents and the risk peculiar to PPP-MHP. Sixty-three (63) risk factors were submitted for the respondents to rank on a Likert scale of 7 using Mean Item score (MIS) for risk occurrence and its severity, while the risk significance index (RI) was used to determine the risk impact. Fuzzy Synthetic Evaluation (FSE) method was subsequently applied to determine the risk criticality groups and the overall risk level in the sector. The findings show that thirty-one (31) risk factors were critical in the sector while the financial and micro-economic risk group is contributing most significantly to the overall risk level in PPP-MHPs in Nigeria. The implication for practice is that having known the risk group contributing most significantly to the overall risk level in PPP-MHPs, adequate financial and budgetary allocation should be made available before embarking on a such venture to sustain the scheme in the country. The study is one of the recent research conducted on housing since the procurement option is novel in the sector. The study is of immense value to PPP actors by providing the necessary information required to formulate risk response methods to minimize the impact of the risk factors in PPP MHPs.