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Published July 1, 2024 | Version v1
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EFFECT OF COMPETITIVE TENDERING ON VALUE FOR MONEY IN PUBLIC PROCUREMENT. A CASE OF MUSANZE DISTRICT, RWANDA

Description

ABSTRACT

The purpose of this study was to examine the effects of competitive tendering on value for money of public procurement a case of Musanze District. The research objectives were: To determine the effects of accountability and transparency on value for money in Musanze District; To find out the effects of performance and risk management on value for money in Musanze District; To examine the effects of Encouraged competition on value for money in Musanze District; To identify the effects of reduced costs on value for money in Musanze District. This study was guided by the following hypotheses: Ho1: There is no significant effect of accountability and transparency on value for money in Musanze District; Ho2: There is no significant effect of risk management on value for money in Musanze District; Ho3: There is no significant effect encouraged competition on value for money in Musanze District; Ho4: There is no significant effect of reduced costs on value for money in Musanze District. The sample size was 76 respondents. Purposive sampling and Sample random sampling were used to select respondents. The collection of data was done through questionnaires while the analysis and processing were done using SPSS software. The analysis of data showed the following: An increase in Accountability and transparency affect value for money of public procurement in Musanze District. The research findings showed that there is strong correlation between accountability and transparency on value for money in Musanze District (r= 0.946, p=0.000, n=76. Therefore, the results indicate that any unit of increase in accountability and transparency affect value for money at 0.906. The research findings showed that there is strong correlation between performance and risk management on value for money in Musanze District (r=978, p=0.000, n=76). The research findings showed that there is strong correlation between performance and risk management on value for money in Musanze District (r=0.985, p=0.000, n=76). the fourth objective was to identify the effect of reduced costs on value for money in Musanze District. The research findings showed that there is strong correlation between performance and risk management on value for money in Musanze District (r=0.992, p=0.000, n=76). The research recommended that the management of Musanze District should constantly expose its staff to training in order to improve their skills on effects of competitive tendering.

Keywords: Competitive tendering, Value for money, Public Procurement, Tendering, Procurement

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EFFECT OF COMPETITIVE TENDERING ON VALUE FOR MONEY IN PUBLIC PROCUREMENT. A CASE OF MUSANZE DISTRICT, RWANDA.pdf