Zambia Public Procurement Authority (ZPPA) has published the Market Price Index for the fourth quarter of 2024.
The publication of the Market Price Index is meant to curb inflated pricing in public Procurement.
In a statement issued to RCV News today in Lusaka, ZPPA Acting Principal Officer Public Relations, Lucy Lumbe said ZPPA prices contained in the Market Price Index are retail only prices.
She said the prices do not include transport costs and other logistical overheads associated with the product good or service considering each procuring entity’s difference in nature.
Ms. Lumbe said the Price Reasonableness Analysis templates have been revised to incorporate the plus or minus fifteen percent tolerable range and other parameters
“The issued Market Price Index shall be in effect until the authority issues the next quarterly Market Price Index” said Ms. Lumbe.
Ms. Lumbe also advised procuring entities to use Price Reasonableness Analysis to ascertain the reasonableness of transport cost.
By Patricia Njobvu
