THE PROCUREMENT PRACTICE IN THE PUBLIC SECTOR ECONOMY; PROBLEM AND PROSPECTS
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.
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:
- To determine the prospects in achieving the objectives of the procurement performance metrics
- To determine the challenges associated with implementing the procurement performance metrics established by the Act.
- 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
The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …
Procedure for Downloading the PDF (Docx) Material
The Procurement Practice in the Public Sector Economy; Problem and Prospects can be downloaded by requesting the full set of materials at the project or seminar cost. The document will be sent via Microsoft Word (MS-Word) format via WhatsApp (e-mail) following payment confirmation.
| Seminar Material Cost ₦3,000 | Project Material Cost ₦5,000 |
Request Complete Material
 | Click here to request the Complete Material via WhatsApp including;
|
TABLE OF CONTENTSPRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
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
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
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
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
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary
- 5.3 Conclusion
- 5.4 Recommendation
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "The Procurement Practice in the Public Sector Economy; Problem and Prospects" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
PRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
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
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
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
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
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary
- 5.3 Conclusion
- 5.4 Recommendation
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "The Procurement Practice in the Public Sector Economy; Problem and Prospects" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
Frequently Asked Questions (FAQ)
Can the material for “Poetry and Nationhood” be used as a guide for Linguistics and Communication Project?
Yes it can be used — The study scrutinizes the Poetry and Nationhood using Niyi Osunsare's Text as a case study. This research is basically on stylistics, to engage stylistics as a branch of linguistics and to study and analyze the characteristics of situational distinctive use of language with referent to Niyi Osundare‘s selected socio political poems, also to show the functional significance and the interpretation of the poems. The Nigerian poet Niyi Osundare examines nature from a variety of perspectives. What will be offered here is an analysis of the ways in which his insights into the natural order have shaped his notions of the social order in his country. The paper will first try to establish a basis for the analysis of nature and …
Can the material for “Capital Accumulation and Economic Transformation; A Development Strategy for Nigeria Economy” be used as a guide for Economics Project?
Yes it can be used — The advancement of the economic situation of a country is the main aim of the Government of the state. How the various Governments of the states go about this business of advancing the economic situation of the country has been an area of focus to many scholars. In analyzing how the Government fares in its pursuance of this lofty objective, the growth rate of the Gross Domestic Product of the, country is normally used as the major criterion for such analysis. This study is an extension of the existing views and theories on the subject. To accomplish this, the government fiscal actions, that is, its expenditures and revenue, are correlated to the Gross Domestic Product, to show how such Government fiscal actions …
Can the material for “Design and Implementation of an Online Examination Hall Allocation System” be used as a guide for Computer Science (CS) Project?
Yes it can be used — Presently in today’s institution, there is a geometric rise in the number of students admitted with a ration in the number for each department and level of study This variation in the number of students has posed a problem in allocating halls into consideration for student Based on this, there is a so much need for a system that would alleviate such problem. The project work“Design and implementation of a web based hall allocation system for examination” tends to allocate halls for examination by taking into consideration the availability of space to match the number of students in each department for each level. Structured System Analysis and Design Methodology (SSADM) were adopted in the analysis. A web based hall allocation system …
Can the material for “Social Responsibilities of Business Establishment in Nigeria” be used as a guide for Public Administration (PA) Project?
Yes it can be used — This research deals with the social responsibilities of business establishment in Nigeria. A case study of lever brother (Nig) Plc. This research comprises of five chapter respondent were selected by means of stratified random procedure. Data were collected by the result of this research showed that the use of scholarship scheme sports and youth development programme medical and health care deliver scheme public enlightenment and orientation programme and community development project were powerful instrument for social obligation of lever brother if pursued. The finding of this research work called for urgent need and of knowledge and working out modality for all business organization to operate at a given conduct of social responsibility to its host community. The lever brother should work effectively …
Is the topic “The Impact of Globalization on Growth and Poverty Alleviation in Developing Countries” recommended for Economics Project?
Yes it is highly recommended — This research work attempts to examine the impact of globalization on growth and poverty alleviation in developing countries. In this research work, the method of estimation is based on the use of multiple regression technique. A unique relationship between globalization and poverty alleviation contributions was established. Our empirical findings also suggests that there is significant relationship between globalization and poverty alleviation to economic growth in Nigeria via employment, investment etc although the problem of poverty have not been total resolved, but it is certain in no distance future all these problems will be eliminated. …
Can this topic “Effects of Dividends Policy on the Market Price of Share” be used for Business Administration and Management (BAM) Project?
Yes it can be utilized for research — The efficient and effective financial administration in corporate organization is sine quad non’ to the achievement of the organizational objective. Dividend policy is said to be financial policy that is responsible for the determination of the market price of shares. But there are divergent views on the effect of dividend policy on the market price of shares. Dividend relevance and dividend irrelevance theories. The regression analysis performed on the secondary data collected, using market price of shares as dependent variable, dividend per share, retained earnings per share and earnings per share as independent variables, revealed that there is significant relationship between dividend policy and market price of shares. It was also revealed that dividend affect market price of share more than …
Can the material for “The Strategies for Improving Low Academic Performance in English Language” be used as a guide for English Language Project?
Yes it can be used — This study examines strategies for improving low academic performance in English language in secondary schools in Kaduna state. Over the years, there has been a consistent decline in students’ performance in English Language. This sordid situation has caused teachers, parents, curriculum experts and evaluators a serious concern. To carry out this investigation, data were collected from thirty eight (38) English language teachers randomly from twenty secondary schools in Kaduna North Local Government Area. Analysis of the data revealed that poorly trained English language teachers, poor instructional delivery, lack of infrastructural facilities, teachers’ attitude toward innovation, and the traditional content/knowledge oriented curriculum were factors associated with students’ low performance in English language. Based on the findings recommendations were made on strategies …
Can this topic “Design and Implementation of a Computer Based Information System for Erosion Control” be used for Computer Science (CS) Project?
Yes it can be utilized for research — Soil Erosion is an endemic problem in different part of the world especially places where there is marks of seasonal rainfall. This overland flow resulting from rain splash erosion and through flow of surface, flow appear to be too extremes of a continuous sequence and is a possible condition for gully development. In order to prevent this gully development a body must or has been established to study and check the erosion development in so many areas. As this project tends to focus on the erosion control system in Enugu using ministry of works as our case study. Our limit does not extend more than Enugu, Ministry of works in the body responsible for the control of erosion in Enugu …
Is the topic “Design and Implementation of Directory of Student Disciplinary Actions” recommended for Computer Science (CS) Project?
Yes it is highly recommended — The project highlights the importance of schools and institution in identifying offence and crime by students within the campus and off and then a design of systems that accomplish the tasks specific to the needs of their end-users. Data transfer, data integration, system customization, and confidentiality issues are discussed. One of the most significant shortcomings in the delivery of justice is the delay that is encountered by most institution which increases the cost of litigation in both time and increase to crime and offence committed by students. Hence the new system designed will aid the institution offence and crime records and thereby facilitate timely delivery of judgment by the panel. The university discipline system recognizes that not all violations of local, …
Can the material for “Comparative Study of Academic Performance of Home Economics Students in Junior Secondary School” be used as a guide for Home Economics Project?
Yes it can be used — This study focuses on the comparison study of academic performance of Home economics students in junior secondary school in Asaba Local Government Area of Delta State, Nigeria. The aim of the study is to examine whether there is difference between the performance levels of junior secondary schools' students in Asaba Local Government Area of Delta State, Nigeria. In achieving this aim, the following specific objectives were laid out to examine the level of performance of junior secondary school students in Asaba Local Government Area in Home economics, establish the prevalence of students' academic performance in Home economics in Asaba Local Government Area, and determine the reasons for the unstable performance of students in Home economics subject. As a descriptive research, …