The Problem and Prospects of Procurement Practice in the Public Sector Economy

The Problem and Prospects of Procurement Practice in the Public Sector Economy

Project / Seminar Material
Reference ID: PS-23998-TM

DEDICATION

This research material titled “The Problem and Prospects of Procurement Practice in the Public Sector Economy” is dedicated to God for his enabling grace, and to all computer enthusiasts who contributed to make life a pleasant experience during my research documentation.

ACKNOWLEDGEMENT

I extend my sincere gratitude to all those who contributed to the completion of this project. Special thanks to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Public Administration (PA), Book Authors and Profound Scholars of existing or related project material on “The Problem and Prospects of Procurement Practice in the Public Sector Economy” for their invaluable guidance, support, and expertise throughout the journey.

I am also grateful to your study area (mention any funding organizations, if applicable) for their financial assistance. This research would not have been possible without the encouragement and assistance of some stakeholders (mention any mentors, teachers, or colleagues). Additionally, I would like to acknowledge the understanding and patience of my family and friends during this endeavor. Your unwavering support has been a constant source of motivation. Thank you all for being part of this meaningful endeavor.

The Problem and Prospects of Procurement Practice in the Public Sector Economy

TABLE OF CONTENTS

PRELIMINARY PAGES

CHAPTER ONE

INTRODUCTION

  • 1.1 Introduction
  • 1.2 Background of Study
  • 1.3 Statement of the Problem
  • 1.4 Aim and Objectives of Study
  • 1.5 Research Questions
  • 1.6 Research Hypothesis
  • 1.7 Significance of Study
  • 1.8 Scope of Study
  • 1.9 Limitations of the study

CHAPTER TWO

LITERATURE REVIEW

  • 2.1 Introduction
  • 2.2 Conceptual Review
  • 2.2.1 Performance Measurements
  • 2.2.2 Procurement Performance
  • 2.3 Theoretical Framework
  • 2.3.1 Institutional Theory
  • 2.4 Procurement Performance Measurement Determination Values
  • 2.5 Procurement Performance of Financial Measures Determination
  • 2.6 Prospects of Procurement Performance
  • 2.7 Challenges of Procurement Performance
  • 2.8 Empirical Review

CHAPTER THREE

RESEARCH METHODOLOGY

  • 3.1 Introduction
  • 3.2 Research Design
  • 3.3 Population of Study
  • 3.4 Sampling and Sampling Technique
  • 3.5 Validation of Research Instrument
  • 3.6 Method of Data Collection
  • 3.7 Method of Data Analysis
  • 3.8 Questionnaire
  • 3.8.1 Interview
  • 3.8.2 Key Informants Interview
  • 3.8.3 Observation
  • 3.9 Statistical Analysis

CHAPTER FOUR

DATA ANALYSIS, RESULT AND DISCUSSION

  • 4.1 Introduction
  • 4.2 Presentation and Analysis of Data
  • 4.3 Test of Hypothesis 1
  • 4.4 Discussion of Findings

CHAPTER FIVE

SUMMARY, CONCLUSION AND RECOMMENDATION

  • 5.1 Introduction
  • 5.2 Summary
  • 5.3 Conclusion
  • 5.4 Recommendation

REFERENCES

APPENDIX A - “QUESTIONNAIRE”

ABSTRACT

Procurement Practice in the Public Sector Economy is the acquisition of goods and services by government and their subsidiary agencies such as parastatals. The aim of the study is to investigate The Problem and Prospects of Procurement Practice in the Public Sector Economy. The specific objectives to be considered to achieve the main objective of the study are to determine the prospects in achieving the objectives of the procurement performance metrics, determine the challenges associated with implementing the procurement performance metrics established by the Act, and propose strategic measures to enhance the implementation of procurement performance metric in Technical universities. The research design used in this report is descriptive design, utilizing questionnaire method to obtain information from the respondents for this project. A total of 180 (one hundred and eighty) respondents were selected for this study to represent the entire population of the study. For null hypotheses were formulated and tested using the one-way ANOVA and the t-test statistical tools at 0.05 level of significance. Primary data were collected from the primary source which questionnaire was used as an instrument of data collection while secondary data were sources from textbooks, journals, newspapers and the internet were employed. The data were presented on a frequency distribution table and analyzed using simple percentage, while hypothesis was tested using chi-square test. Public procurement has everything to do with the public just as its name goes. Its financing is drawn from the tax payers' money and the oil revenue. Furthermore, an understanding of the public Procurement Act and how it works will serve as a tool to checkmate the excesses of the institution. This is why this study is marked significant.

The Problem and Prospects of Procurement Practice in the Public Sector Economy

CHAPTER ONE

1.1 Introduction

Public Procurement “is the acquisition of goods and services at the best possible total cost of ownership, in the right quantity and quality, at the right time, in the right place for the direct benefit or use of governments, corporations, or individuals, generally via a contract”. It can be said to be the purchase of goods, services and public works by government and public institutions. Procurement, therefore, has both an important effect on the economy and a direct impact on the daily lives of people as it is a way in which public policies are implemented (GII, 2007).

As a prelude to other parts of this study, this chapter will discuss the background upon which this study was initiated, the statement of problems that led to this study, the Aim and Objectives of the study. Others are Significance of the study, Scope of work, Research hypothesis and questions, Limitations of the Study and Definition of technical terms.

1.2 Background of Study

According to Uzor (2004) define public procurement as the acquisition of goods and services by government and their subsidiary agencies such as parastatals. Purchasing and supply management function of virtually a new management function whole has not been accord its full recognition and place in business environment in Nigeria.

The non-recognition is more pronominal in the sector organization where non-professionals establishment to carry out the function of purchase. Procurement of practice is very consequential aspect of purchasing and supply. So in procuring practice so many factor will be put into consideration purchasing objective general and specific objective must be considered and this will help in bringing out the allure of purchasing and supply claim management.

According to Oyeoku (2006) he say that general objective of purchasing concern the tasks obtaining the right quality good and services in the right quality and at the right price and right time form the right supplier and delivered at the right place.

According to him this is described is the “Right” of purchasing or more technically state as the purchasing mix. It is imperative to note that procurement practice private and public sector economy requires planning and control. Therefore, there is every need for government awareness and understanding for the role efficacious procurement practice in the running of its ministry especially ministry of public utilities. The highest degree of efficiency attained in this procurement of all requirements can be the only hope of ministry in finding remedies to their problems.

Therefore, in Nigeria where the research was carried out, the activities that was conducted is to know The Problem and Prospects of Procurement Practice in the Public Sector Economy.

1.3 Statement of the Problem

The contract of research of this nature is usually associated with one form of problem or other for any research study to achieve its aim problem must be stated clearly and accurately. It is therefore necessary to probe beneath the surface in order to ascertain the nature and size of the problem, failure to do this will lead to a number of errors which is the beginning of management or managerial, business failure.

The problems is procurement practice are by the realities of past, present and future economic consideration as they affect the ministry in question, and the way sent out their specific economy toward activities procurement needs amidst the complexities.

When we consider the increasing day to day variability in price quality availability and other variables against the present and future moved for the items, purchasing design fond to assume more complex dimension.

More so, lack of specialist in the filed of purchasing has result in buying syndrome incompetence and inefficiency in the act and mode of buying by the buyer of designated items. Again the issue of not having on independent purchase department has made purchasing function trivial and uninviting because its major function are carried out by the divisions.

The research also identified a total neglect of purchasing research as a vita instrument for establishing a data bank for identifying opportunities for purchasing action.

1.4 Aim and Objectives of Study

The aim of the study is to investigate the Problem and Prospects of Procurement Practice in the Public Sector Economy. The specific objectives to be considered to achieve the main objective of the study are as follows:

  1. To determine the prospects in achieving the objectives of the procurement performance metrics
  2. To determine the challenges associated with implementing the procurement performance metrics established by the Act.
  3. To propose strategic measures to enhance the implementation of procurement performance metric in Technical universities.

1.5 Research Questions

The study came up with research questions so as to be able to ascertain the above stated objectives. The specific research questions for the study are stated below as follows:

  • Does the prospect of Procurement Practice in the Public Sector Economy facilitate achieving the objectives of the procurement performance metrics?
  • Does a procurement Practice procedure influence the Public Sector Economy?
  • What are the prospects of measuring procurement performance?
  • What are the challenges faced when measuring procurement performance?
…

CHAPTER TWO

2.0 Literature Review

2.1 Introduction

This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …

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