The participation level of the construction-work provider tender within the Ministry of Finance did not reach the target. In 2017, the expected participation index was 5, but it was only 4.5 in ...reality. The purpose of this study was to determine the factors that influence provider’s decision whether to submit tender or not, in the context of construction work within the Ministry of Finance. This study used a survey method with questionnaire, that previously validated using content validity technique, as the data collection instrument. This study found 10 factors that mostly influence providers whether to submit tender or not, in the context of construction work within the Ministry of Finance, i.e.: the labor/equipment availability, documents completeness, tender requirements compliance, accessibility to project site/location, hazard/security level, construction method, project location, tax liability, project site/site condition, and tender duration. It suggested that if the Ministry of Finance wishes to improve its participation index in the construction work auction, it is necessary to pay more attention to these factors when planning, preparing, and implementing procurement process.
As the global construction industry expands, it is imperative to prioritize economic sustainability due to the consequential effect on procurement practices. The procurement of building works, a ...pivotal phase in the realization of construction projects, requires a comprehensive framework to assess tenders that emphasise economic viability and align with sustainability principles. While traditional procurement processes primarily focus on cost considerations, the contemporary construction landscape necessitates a paradigm shift towards sustainable practices encompassing the economic dimension. Several studies have been conducted on public procurement and sustainability. Nevertheless, most of these studies focused on the environmental side of sustainability, leaving the social and economic dimensions unexplored. Hence, this study explores the sustainable economic criteria for assessing tenders in procuring building works. The study adopted the mixed research method; therefore, qualitative and quantitative data were employed in collecting the data for the study. The analysis deduced that the criteria for assessing the economic sustainability of tenders were categorized into management-related, technical, and commercial-related criteria, with the most significant variables being competitiveness, resource management skills, resource requirement assessment and profitability. The study’s findings can potentially influence the assessment tenders of construction firms for building works. Thus, it suggested that the management practices of the bidders must be thoroughly evaluated as it is a crucial factor in ensuring economic sustainability from the onset of the project processes. This study presents a novel to ascertain the criteria for assessing the sustainable economy of tenders in procuring building works in the Ghanaian Construction Industry. The results of this study can be a source of data to guide the evaluation of tenders in the construction industry in Ghana and other developing countries within the Sub-Saharan Region.
Green public procurement (GPP) has been extensively adopted as a public administration tool for achieving sustainability outcomes. However, there is a marked lack of understanding regarding the ...determinants of GPP adoption beyond, that is, the characteristics of the contracting authority. Indeed, most studies have focused their attention on these micro determinants, with little being known about the macro and meso factors involved. In this paper, we contribute to the literature by analyzing macro and meso adoption factors. To do so, we explore GPP in the award criteria for twentyfive European countries as recorded in Tenders Electronic Daily database for the period 2006–2017. Our results show significant cross-country differences in GPP uptake and we identify factors beyond those of the contracting unit itself that condition GPP adoption. Specifically, more developed countries and a larger government size impact positively on GPP. GPP adoption has evolved favorably over time, and regional and local administrations show a clearer preference for GPP than is shown by national governments or EU authorities. We find that better governance is linked to GPP adoption and that larger contracts are more likely to include GPP. Our results confirm that join procurement between contracting authorities more probability to adopt GPP. Our results are useful for defining a more comprehensive decision-making framework for GPP.
•Macro and meso determinants of GPP have largely been omitted from previous studies.•We explore GPP in the award criteria in the European TED database.•Size of government and economic development are positively associated with GPP adoption.•Good governance and local and regional government also have a positive impact.•Positive effects on GPP adoption over time and across-country exist as do differences by sector.
—
The purpose of the study is to assess the influence of various factors that determine the non-closure (failure) of procedures for public procurement of medicines. Factors “on the supplier’s side” ...and “on the customer’s side” were systematically studied; frequent mistakes made by customers when justifying the price of purchased drugs were identified. The probability of non-closure of the auction was assessed depending on the announced price and type of drug. Approximate critical boundaries have been calculated, within which customers should set initial (maximum) contract prices for a number of drugs in order for the auction to be successful.
•Collective action patterns relate to cooperation in group-bid making.•Conservation incentives can be greater under collective than individual payments.•Collective payments could mitigate some ...potential rent-seeking behavior.•A cooperation selection criterion does not need to overly compromise cost-effectiveness.•Group-level contracts may create incentives for contract compliance.
This paper sheds light on the potential of group-level tenders to enhance conservation where it depends on cooperation of small-scale farmers. We analyze data from two pilot payment for ecosystem service (PES) schemes focused on the conservation of agricultural biodiversity in the Bolivian and Peruvian Andes. Contracts were assigned to farming groups who could choose between different types of in-kind payments with varying degrees of divisibility between group members. Our main results indicate that: (1) stronger general patterns of collective action are positively related to the level of cooperation in group-bid making; (2) where collective action is robust, collective payments seem to provide stronger conservation incentives than individual payments; (3) collective payments could mitigate some potential rent-seeking behavior; (4) selecting bid offers based on both a ‘cooperation’ criterion and conservation land area offered does not overly compromise the cost-effectiveness of PES; and (5) group-level contracts may create strong incentives for contract compliance. Hence, combining farmer group-level contracts with collective in-kind payments can enhance the cost-effectiveness of conservation tenders, while generating co-benefits in terms of increased interaction and social capital among group members.
The Council Directive of 21 April 2004 on takeover bids sets forth the general principles applicable to takeover bids and clarifies certain minimum rules with respect to the procedure for a takeover ...bid, the obligation to make a mandatory bid in the event a minimum threshold is crossed and the majority shareholder's squeeze-out right as well as the minority shareholders' sell-out right. Furthermore, the Directive defines the authority which is competent to approve offer documents and supervise takeover bids, and provides for optional restrictions on the actions of the target company's management and on defence mechanisms. This book discusses the Takeover Directive and its implementing rules in each Member State of the European Union and the European Economic Area, providing companies and their advisors with useful insight into the legal framework and principles applicable to takeover bids in the region.
PDF
