Beyond Compliance: Measuring Public Value in Procurement Systems Through Performance Metrics

• Author(s): Victor Walsh Oluwafemi
• Paper ID: 1708713
• Page: 928-943
• Published Date: 30-09-2024
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 8 Issue 3 September-2024

Abstract

Traditionally, public procurement systems aim to ensure that the law and process are followed. People realise that compliance alone cannot provide the essential aims of governance: to keep things clear, green, progressive and beneficial for people. This study aims to identify public value in procurement and develop methods to measure, apart from compliance, whether value is created. The study uses public value and performance management theories to research best practices worldwide and builds a framework that describes the relationship between procurement and several public results. With case studies and interviews, the research aims to assess the usefulness of current metrics. It provides a list of indicators that relate to different economic, social and environmental goals. These findings will assist in shifting from putting most weight on rules to relying more on the value when planning public procurement. Public value should become the priority in how public organisations are evaluated.

Keywords

Public procurement; Public value; Performance metrics; Compliance; Value-based procurement; Governance; Policy evaluation; Sustainability; Innovation; Accountability; Public administration

Citations

IRE Journals:
Victor Walsh Oluwafemi "Beyond Compliance: Measuring Public Value in Procurement Systems Through Performance Metrics" Iconic Research And Engineering Journals Volume 8 Issue 3 2024 Page 928-943

IEEE:
Victor Walsh Oluwafemi "Beyond Compliance: Measuring Public Value in Procurement Systems Through Performance Metrics" Iconic Research And Engineering Journals, 8(3)