Products and Services Bureau (PSB), a local broker, has launched a digital service aimed at addressing corruption in bidding and tendering processes in the country’s institutions.
Dubbed Tenderite, the platform is designed to take off human involvement in bidding and tendering processes.
It is a digital platform used by institutions to source and evaluate quotations and bids online in order to deter any occurrence of corrupt and fraudulent practices, bias, unfairness or nepotism in procurement of goods and services.
It is open for use by both public and private sector institutions.
Addressing journalists at the launch of the facility last week, PSB Executive Chairman Williams Sichinga said the platform would help in sanitising the market.
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“The first impact we want to see is reducing or stabilising prices by ensuring that no more money goes into the pockets of some corrupt people.
“We want to create confidence in shareholders and business that their money will have to be protected by all means possible,” Sichinga said.
