Government contracts execution can reduce forfeit for expiration of a time-limit

23 July 2014, Wednesday

Condition about forfeit calculation from the entire price of the contract, rather than the amount of overdue liability board of Supreme Arbitration Court regarded as an abuse of law. If Presidium of Supreme Arbitration Court support this point of view, most of the government contracts entered into prior to January 1, 2014, may be revised and contractors may request the return of the funds.

In the 94-FL, in force until the beginning of this year, there was no precise definition of what amounts required to forfeit calculate. In came into force on January 1, 44-FL this question resolved identically - fine accrued from the outstanding obligations, taking into account the work done.

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