Osei-Asibey, D; Ayarkwa, J; Baah, B; Afful, A E; Anokye, G and Nkrumah, P A (2025) Impact of time-based delay on public-private partnership (PPP) construction project delivery: Construction stakeholders' perspective. Journal of Financial Management of Property and Construction, 30(1), pp. 88-110. ISSN 1366-4387
Abstract
Purpose: Many investors have less interest in tendering for public-private partnership (PPP) construction projects as a result of the uncertain risks associated with the project delivery. Moreover, PPP project stakeholders have inadequate information about the probable impacts of time-based delay imposed on PPP projects under the PPP arrangement. This study aims to identify and categorize construction stakeholders' perceptions of the impact of time-based delays on PPP construction projects. Design/methodology/approach: A purposive sampling technique was adopted where questionnaires were used as the primary instrument for gathering data from PPP experts. Cronbach's alpha coefficient and Kendall's concordance were used to measure the reliability of the scale and the respondent's level of agreement, respectively. One sample t-test, mean score ranking and principal component analysis were used to analyse the identified time-based delay impacts. Findings: The study revealed seven significant impacts of time-based delay on PPP construction project delivery as: "project schedule overrun", "idling of project resources", "project cost overrun", "poor quality of completed works", "delayed realization of project benefits", "frequent arbitration/litigation in PPP projects" and "total abandonment of PPP projects". The study further identified the top five significant impacts of time-based delay on PPP project stakeholders as: "reduction in motivation to attract investment", "high interest on finance (loans)", "contractor in financial crisis", "loss of public confidence in government" and "reduction in parties' reputation". Practical implications: The identified significant impacts of time-based delays will increase stakeholders' awareness of the repercussions and effects that time-based delays may impose on PPP construction projects if not appropriately managed throughout the project implementation. This awareness will further guide stakeholders to implement targeted risk management strategies to minimize the negative consequences of delays on PPP project performance. Originality/value: As a pioneering study that provides a better understanding of the impacts of time-based delays on PPP construction projects, this study enhances knowledge of PPP construction project implementation.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | construction projects; cost overrun; public-private partnership; stakeholders; time overrun; time-based delay |
| Index terms: | project delivery, arbitration, purposive sampling, implementation, risk management, project performance, principal component analysis, litigation, schedule overrun, cost overrun, partnership, time overrun, investor, project stakeholder, questionnaire, methodology, construction project, construction project delivery, overrun, project cost, motivation, abandonment, strategy |
| Subjects: | management, economics, project management theory and practice, project controls, partnership management, sociology, statistical analysis, risk assessment, data collection methods, dispute resolution, project delivery, financial and cost management, research methods, production management, completion, psychology, contractual arrangements |
| Topics: | Business Strategy, Cost Management, Research Practice, Stakeholder Management, Human Resources, Time Control, Project Management, Risk Management, Procurement, Legal Issues |
| Descriptive scope: | 4 PCTA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here