Navigating the Complexities: Is Value for Money a Reality in Tanzania's Government Financed Procurement Undertakings?

Abstract

Public procurement consumes a considerable portion of government finances, as a result, it has to be executed effectively and efficiently while observing good governance and professionalism. However, the outcries for insufficient legal framework, limited transparency and unfair competition have led to scepticism as to whether the processes deliver value for money. Therefore, the study focused on assessing whether the legal, institutional and procedural arrangements influence value for money achievement in government-financed procurement. The findings indicate that institutional factors (B = 0.853; p =0.000), compliance with procurement procedures (B = 0.502; p = 0.000), and staff competency (B = 0.384; p = 0.001) were significant predictors of value for money achievement. Therefore, the practices observed need to be strengthened towards influencing procurement performance and ultimately value for money. Nevertheless, there is a need to strengthen contract management practices through comprehensive reforms that integrate legal and procedural improvements while enhancing capacity building.