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Agyekum, B, Kissi, E, Yamoah Agyemang, D and Badu, E (2018) Examining barriers for the utilization of non-traditional cost estimating models in developing countries. Journal of Engineering, Design and Technology, 16(06), 814–27.

Aouad, R and Amara, I (2018) Influence of the cutting condition on the wear and the surface roughness in the steel AISI 4140 with mixed ceramic and diamond tool. Journal of Engineering, Design and Technology, 16(06), 828–36.

Chen, Y and Yang, Z (2018) Validity and reliability of rating scales for subjective breathing resistance of wearing respirators. Journal of Engineering, Design and Technology, 16(06), 837–49.

De Silva, N, Rathnayake, U and Kulasekera, K (2018) Under-reporting of construction accidents in Sri Lanka. Journal of Engineering, Design and Technology, 16(06), 850–68.

Kulkarni, S, Edwards, D J, Parn, E A, Chapman, C, Aigbavboa, C O and Cornish, R (2018) Evaluation of vehicle lightweighting to reduce greenhouse gas emissions with focus on magnesium substitution. Journal of Engineering, Design and Technology, 16(06), 869–88.

Nawfal, S and Ali, F (2018) The acceleration of 3D graphics transformations based on CUDA. Journal of Engineering, Design and Technology, 16(06), 925–37.

Ndokwana, A and Fore, S (2018) Economic assessment of bioethanol production from maize in South Africa. Journal of Engineering, Design and Technology, 16(06), 973–94.

Owusu-Manu, D, Edwards, D J, Kukah, A, Parn, E A, El-Gohary, H and Hosseini, M R (2018) An empirical examination of moral hazards and adverse selection on PPP projects. Journal of Engineering, Design and Technology, 16(06), 910–24.

  • Type: Journal Article
  • Keywords: Ghana; Public–private partnership; Construction projects; Adverse selection; Moral hazard; Causes and effects;
  • ISBN/ISSN: 1726-0531
  • URL: https://doi.org/10.1108/JEDT-01-2018-0001
  • Abstract:
    Failures of public–private partnership (PPP) projects are often ascribed to the agency problem, which arise under conditions of inadequate and asymmetric information when a principal (the client) hires an agent (the contractor). This paper aims to identify the causes and effects of moral hazard and adverse selection on PPP construction projects using a synthesis of extant literature (to determine key variables) and analysis of survey questionnaire data collected. Design/methodology/approach Mean score ranking was used to rank the causes and effects of moral hazard and adverse selection problems in PPP construction projects. One sample t-test was conducted to establish the relative significance of these variables. Findings Effort dimensions (which are not verifiable), low transfer of risk, lack of accurate information about project conditions, wrong party chosen to execute project and renegotiation of contracts were the most significant causes of moral hazard and adverse selection problems in PPP construction projects. In addition, reduction of competition, high transaction costs, consequences on profitability of project, siphoning of funds and negative implications on enforceability of contract were the most significant effects of moral hazard and adverse selection problems in PPP construction projects. Practical implications Application of these findings will help mitigating moral hazard and adverse selection problems occurring when undertaking PPP construction projects. Originality/value Research findings provide guidance to construction stakeholders in the PPP sector on the different causes and effects of adverse selection and moral hazard. This pioneering study is the first to conduct an empirical assessment of the causes and effects of moral hazard and adverse selection of PPP construction projects in a developing country.

Romanello, G (2018) Stability analysis of mobile cranes and determination of outriggers loading. Journal of Engineering, Design and Technology, 16(06), 938–58.

Senaratne, S, Mirza, O, Lambrousis, G and Fernandez-Soncini, A (2018) Structural applicability of steel fibre-recycled aggregate concrete in construction. Journal of Engineering, Design and Technology, 16(06), 959–72.

Witmer, A (2018) Contextual engineering assessment using an influence-identification tool. Journal of Engineering, Design and Technology, 16(06), 889–909.