Analisis Risiko the Lowest Bid Method dalam Public Procurement di Kementerian Keuangan

https://doi.org/10.35912/jakman.v6i1.3616
Published: Dec 11, 2024

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.

Keywords:
1. Public Procurement
2. Management
3. Lowest Bid Method
4. Procurement Performance
Authors:
1 . Zanuar Arifin
2 . Arviansyah Arviansyah
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How to Cite
Arifin, Z., & Arviansyah, A. (2024). Analisis Risiko the Lowest Bid Method dalam Public Procurement di Kementerian Keuangan . Jurnal Akuntansi, Keuangan, Dan Manajemen, 6(1), 179–195. https://doi.org/10.35912/jakman.v6i1.3616
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Issue & Section
Vol. 6 No. 1 (2024): Desember
Articles
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This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

References

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    Ahmed, M. O., El-Adaway, I. H., Coatney, K. T., & Eid, M. S. (2016). Construction bidding and the winner’s curse: Game theory approach. Journal of construction engineering and management, 142(2), 04015076.

    Ali, E. (2021). The impacts of Triple-A supply chain on supply chain performance in Ethiopian textile share company. International Journal of Financial, Accounting, and Management, 3(3), 245-258.

    Almohassen, A. S., Alfozan, M., Alshamrani, O. S., & Shaawat, M. E. (2023). Evaluating construction contractors in the pre-tendering stage through an integrated based model. Alexandria Engineering Journal, 82, 437-445.

    Arisanti, F. N., Mashuri, A. A. S., & Lastiningsih, N. (2021). Pengaruh Corporate Governance terhadap Compliance of Mandatory Disclosure. Jurnal Akuntansi, Keuangan, Dan Manajemen, 3(1), 51-68.

    Azman, M. A. (2016). Bidding competitiveness: a comparative analysis of different bid auctions in Malaysia. Journal of Engineering, Design and Technology, 14(4), 678-698.

    Bajari, P., Houghton, S., & Tadelis, S. (2014). Bidding for incomplete contracts: An empirical analysis of adaptation costs. American Economic Review, 104(4), 1288-1319.

    Chang, W.-S., Chen, B., & Salmon, T. C. (2015). An investigation of the average bid mechanism for procurement auctions. Management Science, 61(6), 1237-1254.

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    Khan, T. H., & Khan, A. Q. (2015). Effects of lowest bidding bid awarding system in public sector construction projects in Pakistan. Developing Country Studies, 5(3), 132-147.

    Marzouk, M. M., El Kherbawy, A. A., & Khalifa, M. (2013). Factors influencing sub-contractors selection in construction projects. Hbrc Journal, 9(2), 150-158.

    Mutaqin, M. I. (2023). Kompetisi dan Eksploitasi Pada Kontrak Pekerjaan Konstruksi. Jurnal Pengadaan Indonesia, 2(2), 84-90.

    Olayinka, A. A. (2022). Financial statement analysis as a tool for investment decisions and assessment of companies’ performance. International Journal of Financial, Accounting, and Management, 4(1), 49-66.

    Rozi, Y. F., Aslami, N., & Dharma, B. (2024). Analysis of Demand Volume, Material Supply, and Work Hours against Delta Power Listrindo CV Production Performance. Jurnal Akuntansi, Keuangan, Dan Manajemen, 5(3), 279-285.

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    Widyaningsih, W., Masitoh, E., & Siddi, P. (2020). Analisis strategi manajemen PT. Derma Kusuma Artha dalam mengembangkan usaha. Jurnal Akuntansi, Keuangan, Dan Manajemen, 1(4), 239-253.

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    Zhang, J. (2019). Application research on “The evaluated lowest bid price method” in bidding. Paper presented at the IOP Conference Series: Earth and Environmental Science.

  1. Abdurrosyid, M., & Eldo, D. H. A. P. (2024). Analisis Penerapan Prinsip–Prinsip Good Governance dalam Pelayanan Publik di Kantor Desa Perboto Kecamatan Kalikajar Kabupaten Wonosobo. Jurnal Studi Pemerintahan Dan Akuntabilitas, 4(1), 17-28.
  2. Ahmed, M. O., El-Adaway, I. H., Coatney, K. T., & Eid, M. S. (2016). Construction bidding and the winner’s curse: Game theory approach. Journal of construction engineering and management, 142(2), 04015076.
  3. Ali, E. (2021). The impacts of Triple-A supply chain on supply chain performance in Ethiopian textile share company. International Journal of Financial, Accounting, and Management, 3(3), 245-258.
  4. Almohassen, A. S., Alfozan, M., Alshamrani, O. S., & Shaawat, M. E. (2023). Evaluating construction contractors in the pre-tendering stage through an integrated based model. Alexandria Engineering Journal, 82, 437-445.
  5. Arisanti, F. N., Mashuri, A. A. S., & Lastiningsih, N. (2021). Pengaruh Corporate Governance terhadap Compliance of Mandatory Disclosure. Jurnal Akuntansi, Keuangan, Dan Manajemen, 3(1), 51-68.
  6. Azman, M. A. (2016). Bidding competitiveness: a comparative analysis of different bid auctions in Malaysia. Journal of Engineering, Design and Technology, 14(4), 678-698.
  7. Bajari, P., Houghton, S., & Tadelis, S. (2014). Bidding for incomplete contracts: An empirical analysis of adaptation costs. American Economic Review, 104(4), 1288-1319.
  8. Chang, W.-S., Chen, B., & Salmon, T. C. (2015). An investigation of the average bid mechanism for procurement auctions. Management Science, 61(6), 1237-1254.
  9. Decarolis, F. (2018). Comparing public procurement auctions. International economic review, 59(2), 391-419.
  10. Heizer, J., Render, B., & Munson, C. (2020). Operations management: sustainability and supply chain management: Pearson.
  11. Ioannou, P. G., & Awwad, R. E. (2010). Below-average bidding method. Journal of construction engineering and management, 136(9), 936-946.
  12. Khan, T. H., & Khan, A. Q. (2015). Effects of lowest bidding bid awarding system in public sector construction projects in Pakistan. Developing Country Studies, 5(3), 132-147.
  13. Marzouk, M. M., El Kherbawy, A. A., & Khalifa, M. (2013). Factors influencing sub-contractors selection in construction projects. Hbrc Journal, 9(2), 150-158.
  14. Mutaqin, M. I. (2023). Kompetisi dan Eksploitasi Pada Kontrak Pekerjaan Konstruksi. Jurnal Pengadaan Indonesia, 2(2), 84-90.
  15. Olayinka, A. A. (2022). Financial statement analysis as a tool for investment decisions and assessment of companies’ performance. International Journal of Financial, Accounting, and Management, 4(1), 49-66.
  16. Rozi, Y. F., Aslami, N., & Dharma, B. (2024). Analysis of Demand Volume, Material Supply, and Work Hours against Delta Power Listrindo CV Production Performance. Jurnal Akuntansi, Keuangan, Dan Manajemen, 5(3), 279-285.
  17. Sekaran, U. (2016). Research methods for business: A skill building approach: John Wiley & Sons.
  18. Widyaningsih, W., Masitoh, E., & Siddi, P. (2020). Analisis strategi manajemen PT. Derma Kusuma Artha dalam mengembangkan usaha. Jurnal Akuntansi, Keuangan, Dan Manajemen, 1(4), 239-253.
  19. Woo, S., Lee, S., Cho, C.-S., & Kim, S. B. (2017). Study on the issues of the lowest bidding through the analysis of working budget ratio of Korean construction companies. KSCE Journal of Civil Engineering, 21, 1587-1594.
  20. Zhang, J. (2019). Application research on “The evaluated lowest bid price method” in bidding. Paper presented at the IOP Conference Series: Earth and Environmental Science.