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.
