Performance measures for evaluating the financial benefits of state term commodity

Published date01 March 2017
Date01 March 2017
DOIhttps://doi.org/10.1108/JOPP-03-01-2003-B002
Pages43-56
AuthorStephen E. Celec,E. Joe Nosari,Dan Voich
Subject MatterPublic policy & environmental management,Politics,Public adminstration & management,Government,Economics,Public Finance/economics,Texation/public revenue
JOURNAL OF PUBLIC PROCUREMENT, VOLUME 3, ISSUE 1, 43-56 2003
PERFORMANCE MEASURES FOR EVALUATING THE
FINANCIAL BENEFITS OF STATE TERM COMMODITY
CONTRACTS
Stephen E. Celec, E. Joe Nosari and Dan Voich, Jr.*
ABSTRACT. A common justification for state term commodity contracts is
that they are beneficial to taxpayers because of savings that result from the price
concessions expected from volume purchasing. With the growing popularity of
performance based budgeting in state legislatures, there is a clear need for
performance measures to document these taxpayer benefits. Based on a survey
of state purchasing offices and a review of the major purchasing associations
and the academic literature, this paper develops guidelines and a set of
performance measures for evaluating the financial benefits of state term
commodity contracts.
INTRODUCTION
The use of performance measures for judging the effectiveness of
government programs is an increasing phenomenon at the federal, state,
and local level. Led by the Government Accounting Standards Board,
there has been a widespread movement since about 1985 to publicize this
approach for measuring the specific benefits of government programs to
taxpayers, and for improving both the adopted measures and the database
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* Stephen E. Celec, Ph.D., is Professor, Department of Finance, Florida State
University. His research interest is in financial management and disparity
analysis of affirmative action programs. E. Joe Nosari, Ph.D., is Professor,
Department of Finance, and Associate Dean, College of Business, Florida State
University. His research interest is in forecasting, disparity analysis of
affirmative action programs, and applied economics. Dan Voich, Jr., Ph.D., is
Professor and Chair, Department of Management, Florida State University His
research interest is in analysis of organizational effectiveness, disparity analysis
of affirmative action programs, and analysis of best financial management
practices.
Copyright © 2003 by PrAcademics Press

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