Opinion & Analysis

Public procurement for private sector organisations

NewsDay Staff ·

Public procurement for private sector organisations

PUBLIC procurement has since evolved in the modern day with improvements that have seen government departments transacting much more easily and in a more transparent manner with suppliers within the market.

This has been made much easier with the introduction of tools such as the new eGP platform recently launched by the Procurement Regulatory Authority of Zimbabwe (Praz) that has improved transparency and accountability in a sector commonly plagued and accused of being involved in illicit transactions that come under fire in the court of public opinion.

The new system has aided in Praz’s mandate outlined in the Public Procurement and Disposal of Public Assets Act that seeks to ensure procurement is conducted in a manner that is transparent, fair, honest, cost-effective and competitive.

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