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 |