Transaction costs and competitive tendering in public sector
Hamisi K. Sama
International Journal of Research in Business and Social Science · 2022 · Vol. 11 / Issue 5 · 512-522
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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.
Keywords: {'name': 'Transaction Costs, Competitive Tendering, Public Procurement'}
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Hamisi K. Sama
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