Thus, competitive tendering National and International , two stage tendering and restricted tendering. How does the method mentioned above help in achieving value for money? Procurement is fully centralized when all the relevant decisions what ,how, when. They went further to say that the activities include conducting of all purchasing functions ,management of investment recovery activities and salvage of surplus activities ,purchase inbound transportation and so on. However the major problem identified was that, the processes involved are seen to be complex more especially for some contractors and those employees who have little knowledge in procurement when it comes to works and also the problem of political interference. Competitive tendering is also known as the open tendering, equal opportunity is given to qualified suppliers to bid for contracts Lyson and Farrington,
Competitive tendering. An effective tool in ensuring value for money in public sector
Assessing Value for Money | The APMG Public-Private Partnerships Certification Program
In this sense and in these circumstances, the requirement for conducting a VfM exercise may be exempted by the respective policy framework. Examine if the tendering procedures adopted by the organization ensure value for money. Click the image for a larger version jpg — 98KB. Public Institutions and social organizations at all government levels. However, it is absolutely necessary that this assessment investigates the main quantified risks and issues, and tries to indicate potential problems that can be created if including the private sector as a service provider in the particular project. This was because the programme managers allowed costs to over-run in their drive to meet the outcome.
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Assessing value for money
Give recommendations and suggestions towards improving tendering procedures in the Assembly. Dimitri et al. This is why its conclusions should be read for reference only; they need to be accompanied by sensitivity analysis and the numerical recommendation should always be followed by a qualitative analysis. The programme was effective. This should be included, since the regulatory costs may differ between a PPP and traditional public procurement.
Leave this field blank. From a purchasing perspective competitive tendering is a purchasing procedure whereby potential suppliers are invited to make a firm and unequivocal offer of the price and terms on which they will supply specified goods and services, which on acceptance, shall be the basis of a subsequent contract Lysons and Farrington, The research work therefore seeks to examine competitive tendering as an effective tool in ensuring value for money in public sector procurement specifically at the Ahanta West District Assembly. In other words:. By purposive sampling, the researcher targeted those departments within the organization whose daily activities have direct bearing on procurement.