Risk management practices at the Tendering and Contracting stages of Public Works Procurement
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Date
November, 2014
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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 fulfillment of the requirements for the degree of Master of Science in Procurement Management
Keywords
risk management, tendering, contracting, public works, procurement