Performance Risks Allocation in Bot Infrastructure in Nigeria: A Case Study of Lagos Infrastructure Project

Sanni, Gabriel A.; Adebiyi, John O.

doi:10.1515/jbe-2017-0004

Cited by 3 publications

(2 citation statements)

References 20 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Jun [24] developed the numerical model to assess the combined impact of the MRG (Minimum Revenue Guarantee) and RCP (Revenue Cap) agreements on the project value based on the option pricing theory and to suggest a theoretical framework to protect the government and the developer from operation risk. Sanni [25] assessed allocation, criteria and allotment effectiveness of performance risks in BOT.…”

Section: Risk Managementmentioning

confidence: 99%

Evaluating Ancillary Business Scale for PPP-BOT Projects: A Social Housing BOT Case in Taiwan

Huang

Dzeng

2019

Sustainability

View full text Add to dashboard Cite

Due to budgetary constraints, the government releases the right to ancillary business development for private investors to increase profits in PPP projects. However, the ancillary business scale is not specified in the regulations, and there is little relevant research on modeling the scale. Thus, our research aims to create a model with mathematical analysis to evaluate the ancillary business scale. The model is constructed based on the discounted cash flow model to calculate the ancillary business scale attracting private investors with a case study of a social housing project. For this case, the calculated ancillary business minimum scale (ratio of ancillary business to project in total floor area) based on the 7-year (2009–2016) and 17-year (2000–2016) data are 30.81% and 52.79%, respectively; neither is able to meet the scale listed in the tender condition regulated by the government, i.e., 25%. Moreover, this study performs a sensitivity analysis on the expected rate of return and rent discount of the case. The government needs to raise the proportion of ancillary businesses or to increase the rent of social housing to successfully attract private investors.

show abstract

Section: Risk Managementmentioning

confidence: 99%

Evaluating Ancillary Business Scale for PPP-BOT Projects: A Social Housing BOT Case in Taiwan

Huang

Dzeng

2019

Sustainability

View full text Add to dashboard Cite

show abstract

“…According to Sanni and Adebiyi (2017), the Nigeria construction industry is not immune to the industry challenges reported by Egan (1998). Construction projects in Nigeria are highly exposed to risks and disputes despite modifications of the conditions used to suit the project peculiarities (Sanni, 2012).…”

Section: Introductionmentioning

confidence: 99%

Residual Risks of Payment Provisions in Fidic and JCT Conditions: A Quantity Surveyor’s View

Sanni¹,

Adebiyi²,

Okorie³

2020

OJPS

View full text Add to dashboard Cite

The obligee and obligor of all cost-related commitments in construction contracts are governed by the conditions of contract. Like in all human engagements, risk is inevitable in construction contracts. This exploratory overview examined residual risks associated with payment provisions in Federation Internationale Des Ingenieurs-Consiels (FIDIC) and Joint Contracts Tribunal (JCT) conditions of contract in Nigerian construction industry. The selected payment provisions were advance payment, interim valuation, retention and final payment. The methodology comprises: (i) critical examination of payment provisions, (ii) scenario building of problem situations, (iii) assessing the sensitivity of the provisions to contractual conflict, and (iv) evaluating the effect on construction cost administration. Disbursement and amortization of Advance payment in FIDIC are more secured than JCT. Interim valuation in FIDIC allows the contractor to make claims for delayed issuance of interim certificate but FIDIC does not give the contractor such right because all application for payments must be made by the contractor to the engineer. It would take a contractor in FIDIC-based contract a longer time for maturity of final payment than in JCT-based contract. It is recommended that a contractor in FIDIC-based contract should get retention bond in lieu of deduction of retention money to enhance its liquidity. Sanni, A. G. | Department of Quantity Surveying, University of Benin (UNIBEN), Benin City, Nigeria.

show abstract

Innovative operating strategies in build–operate–transfer transport infrastructure in Nigeria

SanniGabriel

AdebiyiJohn

2019

Infrastructure Asset Management

View full text Add to dashboard Cite

This study investigated drivers and critical success factors (CSFs) of innovations employed in the operating phase of transport infrastructure procured through build–operate–transfer (BOT) in Nigeria. The study was aimed at enhancing infrastructure revenue flow through customer-focused innovations using electronic toll collection and customer relationship management as case studies. The primary driver of innovation was establishment and execution of innovation as an integral component of the business development plan. The most significant CSF was an effective pre-implementation plan. Innovation design and execution requirements were effectively articulated. The study concludes that innovation in BOT projects must be continuous and cover all BOT phases.

show abstract

Performance Risks Allocation in Bot Infrastructure in Nigeria: A Case Study of Lagos Infrastructure Project

Abstract: The study assessed allocation, criteria and allotment effectiveness of performance risks in BuildOperate-Transfer (BOT)

Cited by 3 publications

References 20 publications

Evaluating Ancillary Business Scale for PPP-BOT Projects: A Social Housing BOT Case in Taiwan

Evaluating Ancillary Business Scale for PPP-BOT Projects: A Social Housing BOT Case in Taiwan

Residual Risks of Payment Provisions in Fidic and JCT Conditions: A Quantity Surveyor’s View

Innovative operating strategies in build–operate–transfer transport infrastructure in Nigeria

Contact Info

Product

Resources

About