E-Procurement Adoption Factors in Government Procurement

Abstract

There has been lots of revolution on how most governments conduct their procurement. Public procurement is a sensitive sector in any republic as it is a factor in the economic growth of the country. Many countries, however, have experienced numerous challenges in their procurement process hindering them from the achievement of the set objectives. A stable government ought to observe the regulations within which it conducts its procurement. Some of the issues that are of concern uniformly across the economies include transparency, accountability, security, trust, effectiveness in the cost and time constraints. The loopholes created in the breach of either of this virtue causes huge embezzlement of funds through corruption and issuing of the contracts to incompetent people. This, in the long run, contributes to the failure to projects and stagnation in economic growth.

Technology, on the other hand, has been evolving with the aim of digitalizing the day to day activities making them simple and effective. Many countries have employed technology and use of internet in many sectors such as health, education, security, political activities such as elections as well as procurement. This research expounds on the use of technology in the public procurement and majors on the positive and the negative effects arising from the use of technology. Some of the technologies discussed include the E-procurement and use of Bitcoin Technologies.

This research makes use of the primary data obtained in the public institutions where procurement takes place. The data will help in evaluating the factors that the government consider in deciding the inclusion of technology in their procurement system. The conclusions will be used to mobilize the economies on the necessity to employ technology in the public procurement for best financial management and enhanced economic growth.