MEDIATION MODEL FOR MINIMIZING TRANSACTION COSTS OF BIDDING THAT AFFECT CONSTRUCTION FIRMS IN PUBLIC PROCUREMENT SYSTEM IN NIGERIA

MEDIATION MODEL FOR MINIMIZING TRANSACTION COSTS OF BIDDING THAT AFFECT CONSTRUCTION FIRMS IN PUBLIC PROCUREMENT SYSTEM IN NIGERIA 

TABLE OF CONTENTS

Title Page                                                                                  i

Declaration                                                                                ii

Approval Page                                                                           iii

Dedication                                                                                  iv

Abstract                                                                                     vi

Table of Contents                                                                      vii

CHAPTER ONE: INTRODUCTION

1.1    Inroduction                                                 1

1.2  Background of the study       3

1.3    Statement of the General Problem                                  4

1.4    Objective of the study                                                       5

1.5    Significance of the study                                                  5

1.6    Statement of hypothesis                                                   6

1.7    Scope of the study                                                             6

1.8    Limitation of the study                                                     7

1.9    Definition of terms                                                            7

CHAPTER TWO: LITERATURE REVIEW

2.0    Introduction                                                                      9

2.1    Review of related literature                                             9

2.2    Theoretical framework

2.3    Summary of review                                                           33

CHAPTER THREE: RESEARCH METHODOLOGY

3.1    Introduction                                                                      35

3.2    Research design                                                                35

3.3    Area of study                                                                    35

3.4    Population of the study                                                    36

3.5    Sample size                                                                       36

3.6    Instrument for data collection                                          36

3.7    Reliability of the instrument                                            37

3.8    Validity of the Instrument                                               38

3.9    Method of data Collection                                                 38

3.10  Method of Data Analysis                                                  39

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS

4.1    Introduction                                                                      41

4.2    Characteristics of the respondents                                   41

4.3    Presentation of Data Analysis                                         43

4.4    Discussion of Findings                                                     48

4.5    Summary of findings                                                        49

CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.1    Summary                                                                          51

5.2    Conclusion                                                                        52

5.3    Recommendation                                                              53

Biography                                                                         54

Appendix                                                                           56

Abstract:
The public procurement system in Nigeria plays a vital role in the successful execution of construction projects. However, construction firms in Nigeria often face challenges related to high transaction costs during the bidding process. These costs can significantly affect the competitiveness and overall efficiency of the procurement system. Therefore, this abstract proposes a mediation model aimed at minimizing transaction costs for construction firms participating in public procurement in Nigeria.

The study will adopt a mixed-methods approach, combining quantitative analysis and qualitative interviews. The quantitative phase will involve data collection from a sample of construction firms operating in Nigeria. The data will be analyzed using statistical techniques such as regression analysis and structural equation modeling to examine the relationship between transaction costs and various factors influencing the bidding process.

The qualitative phase will involve in-depth interviews with key stakeholders, including construction firm representatives, procurement officers, and government officials. These interviews will provide a deeper understanding of the transaction costs faced by construction firms and the underlying causes. Additionally, the interviews will help identify potential mediators that can mitigate these costs and improve the efficiency of the bidding process.

Based on the findings from the quantitative and qualitative analyses, a mediation model will be developed. The model will identify specific factors that influence transaction costs, such as bureaucratic red tape, corruption, lack of transparency, and information asymmetry. Furthermore, the model will propose mechanisms and strategies for reducing these costs, such as streamlining administrative procedures, enhancing transparency and accountability, and leveraging digital technologies.

The proposed mediation model aims to provide practical recommendations for policymakers, construction firms, and other stakeholders involved in the public procurement system in Nigeria. By minimizing transaction costs, the model seeks to enhance the competitiveness of construction firms, attract more participation, and promote the successful execution of construction projects. Ultimately, a more efficient and transparent public procurement system will contribute to sustainable economic development and infrastructure growth in Nigeria.

Keywords: mediation model, transaction costs, public procurement, construction firms, Nigeria.

MEDIATION MODEL FOR MINIMIZING TRANSACTION COSTS OF BIDDING THAT AFFECT CONSTRUCTION FIRMS IN PUBLIC PROCUREMENT SYSTEM IN NIGERIA, GET MORE EDUCATION PROJECT TOPICS AND MATERIALS

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