Ojelabi, R A; Oyeyipo, O O; Afolabi, A O and Omuh, I O (2022) Evaluating barriers inhibiting investors participation in public-private partnership project bidding process using structural equation model. International Journal of Construction Management, 22(16), pp. 3055-3064. ISSN 1562-3599
Abstract
The study investigates the critical barriers restraining private investors from participating in the PPP construction project bidding process. Hence, three key potential inhibiting factors, which include political constraints, public sector poor PPP capacity, and undefined project scope, were investigated. Therefore, the study adopted a quantitative research technique through a questionnaire survey to obtain data from 384 PPP practitioners sample representative in Lagos and Abuja, Nigeria. The survey recorded 274 responses, and SmartPLS (v.3.2.3) was used for the data analysis. The study developed a conceptual model to formulate hypotheses which were validated with Smart PLS3. Findings from the study indicated that the three key factors have a significant effect on the private investor's decision not to participate in the PPP bidding process. The findings from this study can help the government understand how to attract investors under her PPP arrangement. The study is unique based on the research idea and approach.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Nigeria; public-private partnership; structural equation model |
| Index terms: | public sector, Nigeria, partnership, quantitative research, investor, structural equation model, project scope, Lagos, survey, data analysis, Abuja, bidding, questionnaire, practitioner, construction project |
| Subjects: | scope management, practitioner, data collection methods, data analysis and analytics, bidding, Geography, production management, administrative law, statistical analysis, partnership management, sociology |
| Topics: | Legal Issues, Research Practice, Project Management, Geographical Context, Roles and Professions, Stakeholder Management, Procurement |
| Descriptive scope: | 4 PCEA |
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