Evaluating barriers inhibiting investors participation in Public-Private Partnership project bidding process using structural equation model
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The study investigates the critical barriers restraining private investors from participating in the PPP con�struction 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
Keywords
T Technology (General), TH Building construction