Year: 2024
Type: article
Study design: Observational Study
Abstract: Purpose: This study provides a detailed analysis of the advantages and disadvantages of using the lowest bid price method in public tenders. Research methodology: This study uses a quantitative method. This study uses a questionnaire survey, then the data from the questionnaire is analyzed using the Relative Importance Index (RII). This study also analyzes descriptive statistics on construction procurement data. Results: The findings indicate that the lowest bid method has several benefits, including increasing competition and transparency in the selection process. However, there are also some shortcomings that management should understand. Limitations: The study is limited by its focus on cases within the Ministry of Finance in Indonesia and the use of self-reported data from questionnaires, which may differ from practices in other contexts. The data used in this study comes from a certain period of time, so it can’t explain all procurement performance. Contribution: The research contributes to the fields of public construction procurement.
Authors: Zanuar Arifin, Arviansyah Arviansyah
Institution: University of Indonesia
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4405716735