THE EFFECTS OF COMPETITIVE TENDERING PROCEDURES IN ACHIEVING VALUE FOR MONEY IN PUBLIC ORGANISATIONS: A CASE OF NEW JUABENG MUNICIPAL ASSEMBLY, KOFORIDUA

Abstract

The study was aimed at finding out the effects of competitive tendering processes on gaining value for money in public organizations: a case of New Juabeng Municipal Assembly, Koforidua. The objectives of the study were: examining the competitive tendering procedures used by New Juabeng Municipal Assembly, the challenges associated with the application of competitive tendering procedures used by New Juabeng Municipal Assembly and identify how competitive tendering procedures can result in getting good value for your money. The organization faces the challenge of competitive bidding in achieving value for money. Such problems include difficulty in defining specification, lack transparency and accountability in procuring goods and services and inadequate skilled personnel in the procurement department. Questionnaires were used to retrieve relevant data from Forty-Eight (48) respondents at the procurement department, stores department and management department of the organization. The Statistical Package for the Social Sciences (SPSS) was used to interpret the information gathered from the organization. The study revealed that NJMA follows the competitive tendering procedure as indicated in the PPA, 2016 (Act, 914). The assembly faces the challenges of bureaucracy, and time consuming in their process. The study recommended that the assembly must plan ahead of time and ensure that thereis due diligence in their competitive tendering procedures.