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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/7179

Title: Risk management practices at the Tendering and Contracting stages of Public Works Procurement
Authors: Danquah, Kenneth Atta
Keywords: risk management
tendering
contracting
public works
procurement
Issue Date: 29-Apr-2015
Abstract: Procurement of construction works is an activity that is associated with different kinds of risks at various stages of the procurement process. This has necessitated the importance of risk management in every construction project. The purpose of the study is to identify the risk management practices adopted by public procurement entities in the procurement of works at the tendering and contracting stages (Needs assessment, Advertisement, Tendering, Tender opening, tender evaluation and award) and to assess the appropriateness to respond to timing of risks. The study adopted multiple research approaches including review of literature, interviews and questionnaire survey of Metropolitan and Municipal Assemblies and Public Consulting firms in the Ashanti Region. The findings indicated that current risk management practices depended on intuitions, judgement and experience of practitioners, most of the personnel did not have qualification in procurement. Formal risk analysis and management are rarely used due to lack of the required knowledge. The findings of the study will be of use to practitioner of procurement in especially the public sector, as well as service providers of infrastructural works. The findings of the study will provide procurement practitioners of the risks that are likely to be encountered at the tendering and contracting stages of the procurement process. From the study it is recommended that the public procurement officials in the Metropolitan, Municipal and District Assemblies be given the requisite training from time to time to get them abreast with risk management practices. In addition, the qualification of personnel to undertake the procurement process should be one that has training in risk management and also there should be a framework for risk management in the MMDA‟s.
Description: A thesis submitted to the Department of Building Technology, Kwame Nkrumah University of Science and Technology in partial fulfilment of the requirements for the degree of Master of Science in Procurement Management, 2014
URI: http://hdl.handle.net/123456789/7179
Appears in Collections:College of Architecture and Planning

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