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*Procurement Authority Seek To Shorten The Tender Bidding Process To Stay Ahead Of Inflation* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ee The Procurement Regulatory Authority of Zimbabwe has lamented the effects of inflation on tenders and is advocating for tenders to be indexed to a more stable currency Sunday Mail reports. This was revealed by the PRAZ president who spoke to the publication and said: ---------- *Latest itel S24 now available on Pindula* $124 Cash on Delivery in Harare & Bulawayo. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > We need inflation adjusted models. We need to explore the development of a framework of indexing tender prices to a more stable currency on the date of tender, thereby allowing easier contract management. > Hyperinflationary environments erode budgets. As such, Government projects are facing challenges as they require additional funding from Treasury. The government banned the multi-currency system in June 2019. Inflation has also soared to 300% since August according to the IMF. More: Sunday Mail _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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