Ethical practices and contract management in ministry of finance, budget and national planning (Nigeria )
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Date
2021-11
Authors
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Volume Title
Publisher
Kampala International University, College of Economics and management
Abstract
The study assessed the effect of ethical practices on contract management in ministry of finance, budget and national planning Nigeria. The study objectives were to determine the effect of accountability on contract management in ministry of finance , budget and national planning Nigeria, to determine the effect of integrity on contract management in ministry of finance , budget and national planning Nigeria and finally to establish the effect of transparency on contract management in ministry of finance , budget and national planning Nigeria. The study findings based on the data collected from 112 respondents who provided information quantitatively based on a descriptive research design. The study employed descriptive and inferential statistics to determine the effect between the variables of the study. The results show that accountability had a significant effect on contract management in ministry of finance, budget and national planning Nigeria (Sig value= 0.000). Integrity had a significant effect on contract management in ministry of finance, budget and national planning Nigeria (Sig value of 0.000). Thirdly there was a significant effect of transparency on contract management in ministry of finance, budget and national planning Nigeria. The researcher conclude that improved transparency is an avenue for the generation of effective contract management in the ministry, the study concludes that generating an improved focus transparency is necessary for enhancing the contract management. Secondly the study conclude that increased focus on transparency in the ministry can lead to generation of effectiveness in contract management thirdly the study The study conclude that the accountability is a key inducement for the attainment of effective contract management for the ministry of finance. The studies recommend that the procurement of consultancy services these issues are not as big as for example when the government need procure goods or infrastructure services where more subcontractors are involved. To solve problems connected to these issues the procuring authorities can always specify criteria connected to environmental issues in the contract specifications. The ministry need to have an open bidding and evaluation process through establishing capacity of contractors through careful evaluation, their capacity to manage the money extended to them and monitor the suppliers‟ service level. There is need for developing transparency to enhance contract management in the ministry of finance.
Description
Thesis presented to the College of Economics and Management in partial fulfillment of the requirement for the award of Master of Business Administrations (supply and procurement management) of Kampala International University
Keywords
Ethical, practices, Contract management, Finance,, Budget, National Planning