Contract Package as an Antecedent of Value for Money: The Mediating Role of Competitive Procurement.
Keywords:
Contract Package, Competitive Procurement, Value for Money, Pre-university Educational InstitutionsAbstract
Given the limited resources available to the government institutions, value for money in procurement is crucial to ensuring the optimal use of finite budgetary resources. This study delves into contract package as an antecedent of value for money; competitive procurement as a mediating role. Fifty-three (53) pre-university educational institutions in the Eastern region of Ghana were selected for the study. Two research objectives were examined whilst two research hypotheses were tested. This study is a quantitative one, which employed purposive and simple random sampling techniques. Using the Confirmatory Factor Analysis (CFA) and Structural Equation Model (SEM) for data analysis, the study found no relationship between contract package and value for money. Again, the study revealed that competitive procurement failed to exert significant effect or influence on contract package and value for money linkages. The study recommended that appropriate procurement process at the public sector is highly required to generate wealth, enhance transparency and accountability, encourage consistent procurement procedures and lessen corruption. Through this, value for money can be achieved.
References
. Ameyaw, C., Mensah, S. and Osei-Tutu, E. (2012). Public procurement in Ghana: The implementation challenges to the Public Procurement Law 2003 (Act 663). International Journal of Construction Supply Chain Management Vol. 2, No. 2 (pp. 55-65)
. World Bank, (2010), Public Sector Procurement, Washington. DC, USA
. World Bank. (2003). Public Procurement Act of Ghana - Country procurement assessment report. Washington D.C. - The World Bank. Report No. 29055. (4). Available at: http://documents.worldbank.org/curated/en/2003/06/3582686/ghana-country-procurement-assessmentreport-vol-4-5-annex-8-public-procurement-act. (Accessed on 14th May, 2009)
. Mamiro RG. (2010). Value for money, the limping pillar in public procurement. Tanzania Procurement Journal. Vol 4-5.
. Carr, A.S., & Pearson, J.N., (1999). Strategically managed buyer-seller relationships and Performance outcomes. Journal of Operations Management 17 (5), 497–519.
. Basheka BC & Bisangabasaija E. (2010). Determinants of unethical public procurement in local government systems of Uganda: a case study. Int. J. Procurement Management. 2010; Vol 3(1): pp. 91-104
. Ghana Public Procurement (Amendment) Act 2016 (Act 914)
. Report of the Auditor-General on the Public Accounts of Ghana – Pre-University Educational Institutions for the financial year ended 31 December 2019
. CHARD, James, et al. (2008): “Body beautiful or vile bodies? Central purchasing in the UK”, Public Procurement Law Review, 17(2), NA26-34.
. Risvig Hamer, C. (2014): “Regular purchases and aggregated procurement: the changes in the new Public Procurement Directive regarding framework agreements, dynamic purchasing systems and central purchasing bodies”, Public Procurement Law Review, 23(4), 201-210.
. Racca, Gabriella M. et al (2010): The Safeguard of Competition in the Execution Phase of Public Procurement: Framework Agreements as Flexible Competitive Tools (Paper presented at the Seminar on 'The New Public Law in a Global (Dis) order. A Perspective from Italy', Istituto di Ricerche Sulla Pubblica Amministrazione (IRPA) and Jean Monnet Center of NYU School of Law, 2010). Available at: http://ssrn.com/abstract=2180856 [Accessed 5 Dec 2014].
. OECD (2009). The Impact of the Global Crisis on MSE and Entrepreneurship Financing and Policy Responses. Paris: OECD Development Center.
. OECD (2009). Public procurement practices in developing countries. Journal of supply chain Management. Vol.31, No.11. pp. 136-144.
. CHEN, Z., (2007): “Buyer Power: Economic Theory and Antitrust Policy”, in Research in Law and Economics (Research in Law and Economics, Volume 22) Emerald Publishing, Bingley, pp. 17-40.
. Kee, W. and Forre, L. (2002) ‘Innovative practices in public procurement partnerships: the case of the USA’, Journal of Purchasing and Supply Management, Vol. 11, Nos. 5–6, pp.212–220.
. Bagozzi, R. P., and Yi, Y. (2012). Specification, Evaluation, and Interpretation of Structural Equation Models. Journal of the Academy of Marketing Science 40(1):8-34
. Nunnally, J.C. and Bernstein, I.H. (1994). The Assessment of Reliability. Psychometric Theory, 3, 248-292.Hair, J.F., Black, W.C., Babin, B.J. & Tatham, R.L. (2010). Multivariate data analysis: A global perspective. 7th Ed. Pearson Prentice Hall, Upper Saddle River, NJ, pp: 734.
. Hair, J.F., Black, W.C., Babin, B.J. & Tatham, R.L. (2010). Multivariate data analysis: A global perspective. 7th Ed. Pearson Prentice Hall, Upper Saddle River, NJ, pp: 734.
. Fornell, C., & Larcker, D. F. (1981). Evaluating structural equation models with unobservable variables and measurement error. Journal of Marketing Research, 18(1), 39–50. https://doi.org/10.2307/3151312
. Hair, J.F., Hult, G.T.M., Ringle, C.M. and Sarstedt, M. (2014), A Primer on Partial Least Squares Structural Equation Modeling, Sage, Thousand Oaks, CA.
. Pallant, J. (2007). SPSS survival manual—A step by step guide to data analysis using SPSS for windows (3rd ed.). Maidenhead: Open University Press.
. MacKinnon DP. 2000. Contrasts in multiple mediator models. In Multivariate Applications in Substance Use Research: New Methods for New Questions ed. JS Rose, L Chassin, CC Presson, SJ Sherman, pp. 141–60. Mahwah, NJ: Erlbaum
. Baron RM, Kenny DA. 1986. The moderator-mediator variable distinction in social psychological research: conceptual, strategic, and statistical considerations. J. Personal. Soc. Psychol. 51:1173–82
Downloads
Published
How to Cite
Issue
Section
License
Authors who submit papers with this journal agree to the following terms.