The Effect of Transactional Costs and Competitive Tendering on Public Procurement Performance

Ofori Issah¹|Dadzie Boafo Eric^2*

^2*ORCID: https://orcid.org/0009-0001-4782-4125

 ^1, Department of Supply Chain & Information System, KNUST Business School, KNUST

^2*, Department of Procurement & Supply, School of Business, Takoradi Technical University

Abstract

The study determines the influence of transactional cost and competitive tendering on procurement performance. This study adopted an explanatory research design relying on primary source of data. Purposeful sampling technique was employed to obtain a sample size of 142 respondents. The findings of the study established that transactional cost has a positive and significant influence on procurement performance. Competitive tendering has a positive and significant influence on procurement performance. Competitive tendering has a positive and significant influence on transactional cost. This study is to help industries to understand that transactional costs and competitive tendering play a crucial role in achieving cost efficiency in public procurement.

 Keywords: Transactional Costs, Competitive Tendering, Public Procurement Performance

 Citation: Ofori, I., Dadzie. B., E., (2024), “The Effect of Transactional Costs and Competitive Tendering on Public Procurement Performance”, African Journal of Procurement, Logistics & Supply Chain Management Society 2024, 7(9): pp.65-91. DOI: https://dx.doi.org/10.4314/ajplscm.v7i9.2

Download    |     Paper DOI