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Akinlolu Temisola, M, Oladimeji Benedict, O and Haupt, T C (2021) A scientometric review and meta-analysis of the health and safety of women in construction: structure and research trends. Journal of Engineering, Design and Technology, 19(2), 446-66.
Aluko, O R, Godwin Iroroakpo, I and Mewomo, M C (2021) Relationship between perceived service quality and client satisfaction indicators of engineering consultancy services in building projects. Journal of Engineering, Design and Technology, 19(2), 557-77.
Barour, S and Zergua, A (2021) Numerical analysis of reinforced concrete beams strengthened in shear using carbon fiber reinforced polymer materials. Journal of Engineering, Design and Technology, 19(2), 339-57.
De-Graft, O-M, Kukah, A S, Boateng, F, Asumadu, G and Edwards, D J (2021) Exploring strategies to reduce moral hazard and adverse selection of Ghanaian public–private partnership (PPP) construction projects. Journal of Engineering, Design and Technology, 19(2), 358-72.
- Type: Journal Article
- Keywords: benchmarking; construction project; contract management; funding; liability; monitoring; partnership; reliability; failure; moral hazard; factor analysis
- ISBN/ISSN:
- URL: http://dx.doi.org/10.1108/JEDT-05-2020-0195
- Abstract:
Conditions of inadequate and asymmetric information when an agent is hired by a principal have resulted in the problems of moral hazard and adverse selection (MHAS) in public–private partnership (PPP) construction projects. The purpose of this study is to explore strategies to reduce MHAS in PPP construction projects. Questionnaires were used to elicit responses from respondents. Mean score ranking was used to rank these strategies while reliability analysis was conducted using Cronbach's alpha coefficient and level of agreement tested using Kendall's concordance. Factor analysis grouped the strategies into eight components. From the mean score ranking, monitoring; transfer of risks; screening; managing of construction risks; and increased incentives to control costs were the most significant strategies. The eight components were transparent process and contract, incentives and monitoring, screening and technical assistance, unbundling and benchmarking, funding and small liabilities, information clarification and signaling, risk and contract management and cooperation and finance factors. The findings of this study have identified the most significant strategies to reduce MHAS on PPP construction projects to serve as a guide to PPP practitioners in reducing MHAS. The output of this research contributes to the checklist of strategies that reduce PPP project failures arising from MHAS and contributes to the development of the agency theory.
Evans, M, Farrell, P, Mashali, A and Zewein, W (2021) Critical success factors for adopting building information modelling (BIM) and lean construction practices on construction mega-projects: a Delphi survey. Journal of Engineering, Design and Technology, 19(2), 537-56.
Hasheminasab, S and Kashi, E (2021) Finite element analysis of ports pavement under container loading. Journal of Engineering, Design and Technology, 19(2), 497-508.
Mane, K M, Kulkarni, D K and Prakash, K B (2021) Prediction of shear strength of concrete produced by using pozzolanic materials and partly replacing NFA by MS using ANN. Journal of Engineering, Design and Technology, 19(2), 578-87.
Nabizadeh, M, Khalilzadeh, M, Ebrahimnejad, S and Ershadi, M J (2021) Developing a fuzzy goal programming model for health, safety and environment risks based on hybrid fuzzy FMEA-VIKOR method. Journal of Engineering, Design and Technology, 19(2), 317-38.
Nwaogu, J M and Chan, A P C (2021) Evaluation of multi-level intervention strategies for a psychologically healthy construction workplace in Nigeria. Journal of Engineering, Design and Technology, 19(2), 509-36.
Nyawera, J X and Theodore Conrad, H (2021) Critical drivers towards generative process health and safety culture. Journal of Engineering, Design and Technology, 19(2), 385-411.
Sharma, A and Sharma, R K (2021) Uplift behaviour of axial granular pile anchor encased with geogrid in cohesionless soil. Journal of Engineering, Design and Technology, 19(2), 588-602.
Spellacy, J, Edwards, D J, Roberts, C J, Hayhow, S and Shelbourn, M (2021) An investigation into the role of the quantity surveyor in the value management workshop process. Journal of Engineering, Design and Technology, 19(2), 423-45.
Tai, S, Zhang, Y and Li, T (2021) Factors affecting BIM application in China: a social network model. Journal of Engineering, Design and Technology, 19(2), 373-84.
Tijani, B, Jin, X and Osei-Kyei, R (2021) Critical analysis of mental health research among construction project professionals. Journal of Engineering, Design and Technology, 19(2), 467-96.
Tu, J, Liu, Y, Zhou, M and Li, R (2021) Prediction and analysis of compressive strength of recycled aggregate thermal insulation concrete based on GA-BP optimization network. Journal of Engineering, Design and Technology, 19(2), 412-22.