Evaluation of Critical Success Factors (CSF) in Public-Private Partnership (PPP) on Remodeled Markets in Nigeria

Abstract

The study evaluated the critical success factors in public private partnership (PPP) on remodelled markets in Nigeria with a view to improve the usage of the procurement method in markets remodelling. The study was a descriptive survey, using a semi-structured questionnaire in five sections namely: socio-demographics, rating of critical success factors in relation to markets remodelling, PPP Models relevant for markets remodelling, associated risks and risks allocation in relationship to markets remodelling. A total of 120 questionnaires were administered for the study. Data obtained from experienced developers, consultants and area councils’ works department staffs were analysed using descriptive and inferential for the study. The critical success factors identified in this study were factors at the preliminary qualification evaluation phase, the tendering phase, concession of award phase, the construction phase, operation phase and transfer phase. The analysis of variance of these factors to the level of usage of PPP model shows a significant impact of 89.5%. Design Build and Operate, Design Build Operate and Transfer, Operation and Maintenance, Build-Operate and Transfer, Design Build, Design Build Operate and Maintain are the most used PPP models for markets remodelling. Risks such as price, completion delays, operating cost, expropriation, review of tariff and change in interest rates were mostly reported with higher significant descriptive score. In terms of risk associated with remodelling of markets using PPP arrangement by the actors, the associated risk for the private sector was more compare to the public sector with mean score of 37.3 and 34.5 respectively. Overall, in this study, the results has shown significant success factors on remodelling of markets in FCT, Abuja Nigeria as well as the risks associated with it.