Online Reporter
Sikhulekelani Moyo-Zimpapers Business Hub
THE Special Procurement Oversight Committee (SPOC) saved the Government US$21 million since last year through deliberating on sensitive and high-value public procurement transactions before their execution, an official has said.
And in just the second quarter of this year, the committee saved the Government about US$14 million, demonstrating the effectiveness and benefits of the Government’s value for money audits.
The SPOC is an oversight committee established in terms of the Public Procurement and Disposal of Public Assets Act, and operates under the auspices of the Procurement Regulatory Authority of Zimbabwe (PRAZ).
The committee is responsible for scrutinising sensitive, valuable, and exempted contracts, as stated in Section 52 (2) of the Public Procurement and Disposal of Public Assets Act.
Zimbabwe introduced value for money audits to promote transparency, accountability, and efficiency in public spending and resource management, aiming to improve service delivery and governance by ensuring public funds are used effectively to benefit citizens.
In a presentation at the Public Procurement Second Media Training Workshop in Kadoma this week, PRAZ operations manager Mrs Tinotenda Chipangura said the “sensitive contracts” involved transactions of national interest.
