Technical Papers
Aug 30, 2022

Influencing Factors of Early Termination for PPP Projects Based on Multicase Grounded Theory

Publication: Journal of Construction Engineering and Management
Volume 148, Issue 11

Abstract

The public-private partnership (PPP) model has been widely used in infrastructure projects around the world to alleviate government shortages of funding and practical experience. Although the early termination of PPP projects frequently occurs in different parts of the world and brings huge economic losses, there are few relevant studies on its influencing factors. Most of influencing factor identification models are subjective and do not consider dependencies and feedback relationships between influencing factors. Using the data of 113 PPP projects, this paper proposes a multicase grounded theory and an interpretative structural model (ISM) to identify the key influencing factors of early termination and to analyze the hierarchical structure among influencing factors. The results show that there are 53 factors leading to the early termination of PPP projects, which can be divided into 19 main categories and 7 levels. Among them, political environment and natural environment are the most fundamental factors. In addition, a 3-level coping strategy is developed based on the constructed multilevel hierarchical model. The proposed methodology can be applied to risk analysis of early termination of PPP projects, and can help decision makers formulate strategies by considering the interaction of influencing factors.

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Data Availability Statement

Some or all data, models, or code that support the findings of this study are available from the corresponding author upon reasonable request (for academic research).

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Go to Journal of Construction Engineering and Management
Journal of Construction Engineering and Management
Volume 148Issue 11November 2022

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Received: Dec 11, 2021
Accepted: Jun 10, 2022
Published online: Aug 30, 2022
Published in print: Nov 1, 2022
Discussion open until: Jan 30, 2023

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Gangzhu Sun [email protected]
Professor of Engineering, School of Civil Engineering, Zhengzhou Univ., Zhengzhou 450001, Henan, PR China (corresponding author). Email: [email protected]
Graduate Student, School of Civil Engineering, Zhengzhou Univ., Zhengzhou 450001, Henan, PR China. Email: [email protected]
Fengjiao Li [email protected]
Graduate Student, School of Civil Engineering, Zhengzhou Univ., Zhengzhou 450001, Henan, PR China. Email: [email protected]

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