The Procurement Regulatory Authority of Zimbabwe (PRAZ) was established after the State Procurement Board (SPB) was disbanded, through the Public Procurement and Disposal of Public Assets Act [Chapter 22:23] which repealed the Act, No. 2/99 [Chapter 22:14]. The new mandate of the Authority is to set standards, supervise public procurement proceedings to ensure transparency, fairness, honesty, cost-effectiveness and competition. The reforms separate regulatory and operational functions. The Act became operational starting January 2018 through S.I 152 of December 2017.