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Transaction costs and competitive tendering in public sector

Author

Listed:
  • Hamisi K. Sama

    (Procurement and Supplies Department, College of Business Education, Dodoma Campus, P.O. Box 2077, Dodoma, Tanzania)

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

Suggested Citation

  • Hamisi K. Sama, 2022. "Transaction costs and competitive tendering in public sector," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 11(5), pages 512-522, July.
    • Handle: RePEc:rbs:ijbrss:v:11:y:2022:i:5:p:512-522
    DOI: 10.20525/ijrbs.v11i5.1896
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    References listed on IDEAS

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    1. Steven Tadelis & Oliver E.Williamson, 2012. "Transaction Cost Economics [The Handbook of Organizational Economics]," Introductory Chapters,, Princeton University Press.
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