Purchasing system is being subject to increasing regulation and control

19 January 2018, Friday

In 2011, Federal Law of 18.07.2011 No. 223-FZ On Purchasing of Goods, Works, and Services by Certain Types of Legal Persons was passed, that increased 3 times from the 9 pages of its initial revision. To elaborate some of its provisions, multiple regulations and orders of the Government were issued and continue to be issued. Important key changes made by the State Duma in December include, that purchasing effected between small and medium size businesses will only be possible on electronic sites approved by the Government of the Russian Federation and only in a way provisioned by the law (bid, auction, call for proposals, request for quotations).