Pusuc PRocuR&\ffiNT AND DISPOSAL OF Pusuc AssETs No.S/2017 Cap.22:23 (a) to ensure that procurement is effected in a manner that is transparent, fair, honest, cost-effective and competitive; and (b) to promote competition among bidders; and (c) to provide for the fair and equitable treatment of all bidders, leading to procurement contracts that represent good value for money; and to promote the integrity of, and fairness and public confidence in, procurement processes; and (d) (e) to secure the implementation of any environmental, social, economic and other policy that is authorised or required by any law to be taken into account by a procuring entity in procurement proceedings. (2)The Authority, all procuring entities, and all other persons concerned in the implementation of this Act shall exercise their functions so as to give full effect to the objectives set out in subsection (1). PART II PROCUREMENT REGULATORY AL'THORITY OF ZIMBABWE 5 Establishment of Procurement Regulatory Authority of Zimbabwe There is hereby established an authority to be known as the Procurement Regulatory Authority of Zimbabwe, which shall be a body corporate capable of suing and being sued in its own name and, subject to this Act, of performing all acts that bodies corporate may by law perform. 6 Functions of Authority (1) The functions of the Authority shall be( a) (b) (c) (d) (e) (f) to ensure that public procurement is effected in a manner that is transparent, fair, honest, cost-effective, competitive and in compliance with this Act; and to monitor and supervise procuring entities and the public procurement system in order to secure compliance with this Act, and to implement electronic means of monitoring and supervising procuring entities and the public procurement system; and to issue technical guidelines and instructions regarding the interpretation and implementation of this Act; and to prepare standard documents and templates to be used in connection with public procurement and to enable procuring entities to maintain records and prepare reports; and to develop the use of electronic tools for procurement, including a public procurement website and statistical databases containing information on public procurement in Zimbabwe, and specify the conditions under which such databases will be availed to the public; and to enable the publication on the website referred to in paragraph (e) of documents that are required to be published by procuring entities; and (g) on request, to give advice and assistance to procuring entities: (h) Provided that no such advice or assistance shall limit the responsibilities of a procuring entity for compliance with this Act; and to promote the training and professional development of persons engaged in public procurement so as to ensure their adherence to high ethical standards; and (i) to develop and implement a transparent and equitable framework for the registration of bidders or contractors; and 50