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:
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.
More: Sunday Mail