Transaction costs and competitive tendering in public sector

Hamisi K. Sama
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Hamisi K. Sama: Procurement and Supplies Department, College of Business Education, Dodoma Campus, P.O. Box 2077, Dodoma, Tanzania

International Journal of Research in Business and Social Science (2147-4478), 2022, vol. 11, issue 5, 512-522

Abstract: This paper presents the structure and contexts of transaction costs and competitive tendering. The model is proposed as the first step in the development of a causal link between transaction costs and competitive tendering in the public sector. It draws upon the theory of open systems to build a structural framework. Concepts relevant to transaction costs and competitive tendering in the public sector are integrated into this framework. The subsequent papers will add concepts to the model and demonstrate a generic model fit for public practitioners, decision-makers, academicians, and bidders (suppliers, contractors, and service providers) to carry out their procurement activities in a systematic and planned manner Key Words:Transaction Costs, Competitive Tendering, Public Procurement

Date: 2022
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