PRAZ registration:Doorway to winning tenders.

Government bodies, ministries and agents are the biggest customer in any economy, transacting with the public without some form of standardization of procedure and conduct will be disastrous. The relationship between the buyer and the supplier in this case need to be in black and white for the benefit of all the parties concerned. In light of this, the State Procurement Board (SPB) was formed, now know as the Procurement Regulatory Authority (PRAZ).

A business increases its chances of winning tenders by registering with PRAZ. Everyone who gets into business wants to grow their customer base as they seek relevance and growth. Among the various customers one can think about, the government stands taller as having numerous business opportunities that serious and organised entrepreneurs can benefit from.

PRAZ Registration Process.

At the beginning of every year, the Procurement Regulatory Authority of Zimbabwe produces and distributes through various media platforms a call for  SUPPLIER REGISTRATION AND OR RENEWALS in terms of Section 6 of the Public Procurement and Disposal of Public Assets Act . This call is targeted at new suppliers of goods, works and services to the public sector as well as current suppliers published in the Government Gazettes of the previous year who wish to renew their registrations in the current year.

This is an unrestricted call to which every upfront entrepreneur and business person in general is free to participate as long as they have all the required documentation. There are a number of categories within which one can register. So, if you deal in many lines or activities, it means you will have more than one PRAZ Certificate.

PRAZ Registration Requirements.

The following documents are needed for the PRAZ registration process.

• • Certificate of Incorporation
  • CR5 formerly CR6
  • CR6 formerly CR14
  • Memorandum of Association
  • Articles of Association
  • Company Profile
  • Copies of directors IDs
  • Proof of payment

Benefits of PRAZ Registration.

Having your PRAZ registration in place positions your organisation for unlimited business opportunities with the government which includes, local authorities, schools and other parastatals.Entrepreneurs seizes opportunities as they come. PRAZ registration opens doors to vast business opportunities with the government you cannot afford to miss. Always be compliant and enjoy a good market share. some of the benefits include.

• • Participation in government tenders.
  • Opportunity to boost your market share.
  • You are automatically included in the government data base of suppliers of such products and services as you would have chosen.
  • You are much competitive than your unregistered counter parts.
  • Exposure to competition from other bidders which will enhance the quality of your products and services.
  • Having your PRAZ registration boost customer confidence as they also know that you really mean business.