The effect of transactional costs and competitive tendering on public procurement performance

Abstract

The study determines the influence of transactional cost and competitive tendering on procurement performance. This study adopted an explanatory research design relying on primary source of data. Purposeful sampling technique was employed to obtain a sample size of 142 respondents. The findings of the study established that transactional cost has a positive and significant influence on procurement performance. Competitive tendering has a positive and significant influence on procurement performance. Competitive tendering has a positive and significant influence on transactional cost. This study is to help industries to understand that transactional costs and competitive tendering play a crucial role in achieving cost efficiency in public procurement.