文章基本信息

标题：Comparative Review of the Magnitude of Transaction Costs in Construction Procurement Projects between Developed and Developing Countries
其他标题：Comparative Review of the Magnitude of Transaction Costs in Construction Procurement Projects between Developed and Developing Countries
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作者：M.L. Yahaya ; I. Ibrahim ; M. Sani 等
期刊名称：Journal of Applied Sciences and Environmental Management
印刷版ISSN：1119-8362
出版年度：2020
卷号：24
期号：3
页码：525-530
出版社：Department of Pure & Industrial Chemistry, University of Port Harcourt
摘要：Contracting business in public sector within various counties has a transaction cost to incur. This paper reviews transaction costs magnitude of developed and developing countries using standard sampling and procedure by analyzing data from four (4) developed countries; United States of America, United Kingdom, Newzealand, and Czech Republic and two (2) developing countries in Africa; Ghana and Nigeria. According to thefindings Newzealand have the highest TCs magnitude among all countries compared of about 16.5% averagely and with Czech Republic with 0.13% minimum that are incurred by stakeholders when bidding public sector construction projects. This is an important comparison and strengthens the assumption that there is a significant link between transaction costs incurred in bidding and public sector procurement, and that reducing such costs must be important for the contracting firms of various countries.
关键词：Construction; Comparison; Magnitude; Procurement; Transaction Cost.