Banks will control the money customers

4 July 2014, Friday

Large government contracts will accompany credit institutions

 

On July 1, 2014 come into force the law about contract system of required bank accompanied government procurement in excess of 10 billion rubles. In practice this innovation is can’t fully work yet - required for this decision of the government resolution is not accepted. In the Ministry of Economy says that the absence of a document does not prevent procurement, however, "does not allow fully realize the potential of the contract system."

Payments monitoring under the contract will be required for public contracts worth more than 10 billion rubles, execution date will exceed three years. In case of the conclusion of such a contract the bank signed a contract on his executor, accompanied, will be required to provide monthly public customers cash flow statement on his personal account. Accompaniment will be free, but if it will help organize a state contract pursuant to the requirements of international quality management standards organizations and enterprises, as well as the national standard of environmental management, the customer will have to pay for it - from 1.09% to 2.14% of the contract price.

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