The Procurement Regulatory Authority of Zimbabwe (PRAZ) was created through an Act of Parliament, Public Procurement and Disposal of Public Assets Act [Cap 22:23] . The mandate of the Authority is to supervise public procurement proceedings to ensure transparency, fairness, honesty, cost-effectiveness and competition as required by Section 315 of the Zimbabwean Constitution.

Objectives:-
To:
1.\tensure that procurement is effected in a manner that is transparent, fair, honest, cost-effective and
competitive;
2.\tpromote competition among bidders;
3.\tprovide for the fair and equitable treatment of all bidders, leading to procurement contracts that
represent good value for money;
4.\tpromote the integrity of, and fairness and public confidence in, procurement processes;
5.\tsecure the implementation of any environmental, social, economic and other policy that is authorized or required by any law to be taken into account by a procuring entity in procurement proceedings.