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Published in:
2021 | OriginalPaper | Chapter
Financial Issues of Procurement Improvement in Russia Under Present-Day Conditions
Author : T. M. Kovaleva
Published in: Economic Systems in the New Era: Stable Systems in an Unstable World
Publisher: Springer International Publishing
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Abstract
The current issues of procurement activities and their development trends in the RF are analyzed in this paper. Today, the financial vehicle of procurement is being transformed in our country. That is caused overwhelmingly by the increased financial risks and technical sophistication of procurement procedures, as well as by the amplification of organizational and economic interactions among procurement system actors. All these factors have initiated further development of procurement regulatory and legal framework together with the Unified Procurement Information System (UPIS). The system to regulate financial risks has also notably evolved. Therefore, the increased efficiency at all stages of procurement, from planning to controlling and contract auditing, has become the ultimate task nowadays.