A Conceptual Framework for Managing Risks in Public Private Partnership Projects in Housing Estate Development in Nigeria

Sanda Nehemiah Yakubu and Natalia A. Anigbogu

International Journal of Regional Development, 2016, vol. 3, issue 1, 50

Abstract: Construction projects are subject to various uncertainties that impact on achieving the project objectives. This is most apparent in the case of PPP projects due to the number of contracting parties with conflicting interests. Effective risk management in such projects becomes crucial. This paper presents a conceptual framework for managing risks in PPP projects for housing development in Nigeria. The purpose of the conceptual framework is to use it for further studies. The conceptual framework is based on extensive review of related literature in the area of PPP and risk management. It identifies the essential variables for the study. The paper described some major characteristics of PPPs as well as the processes involved in their risk management. The study concludes that, PPPs are most effective when there are adequate legal and regulatory frameworks for smooth operation of PPPs, and the risks sharing structure is spelt out clearly in the contract with adequate measures for enforcing the provisions should any of the contracting party default.

Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.macrothink.org/journal/index.php/ijrd/article/download/8144/7188 (application/pdf)
https://www.macrothink.org/journal/index.php/ijrd/article/view/8144 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mth:ijrd88:v:3:y:2016:i:1:p:50

Access Statistics for this article

International Journal of Regional Development is currently edited by Stephen Lee

More articles in International Journal of Regional Development from Macrothink Institute
Bibliographic data for series maintained by Technical Support Office ( this e-mail address is bad, please contact ).