To Examine the Influence of Procurement Planning Regulations and Procedures on Achieving Value for Money in Works Projects a Case of Ardhi University

Abstract

The main goal of the research project was to investigate how procurement planning policies and practices affect getting value for money in ARU works projects; The study demonstrated the theory's relevance to achieving value for money through the use of transactional cost theory. To perform the study using the resources available, a case study research approach was adopted. A purposive selection strategy was used to select the study's sample size of 100 respondents. In order to guarantee the quality of data acquired, the researcher employed a questionnaire and interview guide to gather primary data, while secondary data was gathered through the examination of journals, papers, and articles. Several analysis techniques, including multiple regression, correlation analysis, and descriptive analysis, were used to the gathered data. The analysis of the findings revealed that the correlation coefficient between Procedures and regulations and Value for money is .723 which is statistically significant at .000 which implies a strong positive relationship between Procedures and regulations and Value for money. Study concluded that a well-structured procurement plan Procedures and regulations is essential for achieving value for money in Tanzanian public projects, as it guides efficient resource allocation, risk mitigation, and quality assurance, ultimately enhancing transparency, competition, and project outcomes. Study recommended that public projects should adopt robust monitoring and evaluation mechanisms to ensure that procurement decisions are made based on merit, cost-effectiveness, and compliance with regulations. procurement professionals are well-equipped with the necessary knowledge and skills will contribute to more informed decision-making in the procurement process.