Factors

Name

Variables common factor contains

F1

Construction risk factor

Construction cost overruns C15

Construction schedule delay C16

Material availability C13

Late design changes C14

Poor construction technology C11

Modification of contract C12

F2

Relationship risk factor

Organization and coordination risks C22

Lack of PPP projects experience C24

Improper risk allocation C23

Improper distribution of power and responsibility C25

Concept and technical differences between partners C26

Lack of trust between partners C27

F3

Operational risk factor

Operating cost overruns C20

Operating income is lower than expected C21

Poor operating performance C19

Maintenance costs are higher than expected C18

Maintain frequent than expected C17

F4

Political risk factor

Industry policy changes C6

The expropriation of assets or nationalized C7

Public decision-making is not sound C8

Monetary policy changes C5

F5

Environmental risk factor

Geological conditions C31

Meteorological condition C28

Hydrologic condition C29

F6

Macroeconomic risk factor

The depression of financial markets C3

Inflation rate fluctuations C2

Interest rate uncertainty C1

F7

Design risk factor

Delay of project examination and approval and permits C4

Design flaw C30

F8

Financing risk factor

The feasibility of financing C10

Project attractive to investors C9