Procurement laws and operational efficiency in savings and credit co-operative societies within Nairobi county
Abstract
The Public Procurement and Disposal Act (2005) does not directly seek to regulate
the private sector, though it regulates its interaction with public entities. The general
objective of this study was to look at the effects of procurement laws on operational
efficiency in Savings and Credit Cooperative Societies within Nairobi County. The
specific objectives of this study were to identify operational factors that affect
effective implementation of procurement laws and identify the relationship between
procurement laws and regulations and overall cost in a Savings and Credit
Cooperative Societies in Nairobi County. The data required for this study was both
primary and secondary data, which was collected using questionnaires. Descriptive
survey was used to enable the researcher obtain the opinions of procurement
professionals in Savings and Credit Cooperative Societies. The target population of
the study was 35 Savings and Credit Cooperative Societies, which was determined
through a census survey. The rationale behind this was that the population was too
small to come up with a sample that would be representative of the whole population
of study. Frequency tables, percentages and mean were used. In addition, content
analysis was used to analyse qualitative information collected in the survey. The
findings indicated that there were many effects of procurement laws on operational
efficiency in Savings and Credit Cooperative Societies within Nairobi County and
that they impacted highly on operational factors in Savings and Credit Cooperative
Societies. The study also found a relationship between procurement laws and
regulations and overall cost in a Savings and Credit Cooperative Societies and this
was due to the fact that Public Procurement and Disposal Act 2005 aimed at
streamlining the procurement sector in Kenya by regulating how private and public
companies interact .
Publisher
University of Nairobi