The Chamber of Commerce and Industry of the Russian Federation met on Wednesday to discuss the organization of review for the purpose of government or municipal orders according to the new law 44-FZ.
Sergey Katyrin, the president of CCI, chaired the presidium of the CCI's management board. The meeting featured a report from Alexander Yastrib, the first deputy president and chairman of the management board of the Bank of Moscow and the head of the CCI procurement system development committee.
Yastrib spoke on the importance of independent reviews of government and municipal orders to evaluate whether contracts would protect parties from such conditions as market volatility or low quality design.
"Independent review shall take place at all stages of fulfillment of government orders," Yastrib said. "In the course of performance of a contract, conditions should be created when customers would engage independent experts to confirm their costs, as well as whenever any dispute arises between the customer and the contractor."
Yastrib and other participants said the CCI's role as an independent expert to enforce law 44-FZ should be strengthened.
"I believe that CCI RF as a major forum that can protect the interests of both parties to a transaction should play the key role," Yastrib said.
More Stories
- EUROPEAN INVESTMENT BANK: Bosnia and Herzegovina: EIB provides €340 million to advance works on northern part of Corridor Vc
- ABN AMRO SERVICES COMPANY: Fempower Your Growth: like tindering with female entrepreneurs
- EUROPEAN INVESTMENT BANK: Egypt: Team Europe - EIB and Banque Misr work together to support private businesses and speed up the recovery of SMEs from COVID-19
- ASIAN DEVELOPMENT BANK: ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
- ASIAN DEVELOPMENT BANK: $123 Million ADB Loan to Help Build Elevated Walkways in Manila
- EUROPEAN INVESTMENT BANK: Germany: EIB provides €15 million of funding to IDnow
- ASIAN DEVELOPMENT BANK: CAREC Endorses Long-Term Strategy to Promote Safe, Sustainable, and Inclusive Tourism
- EUROPEAN INVESTMENT BANK: EIB Group provides €150 million to support artificial intelligence companies
- ASIAN DEVELOPMENT BANK: ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India
- EUROPEAN INVESTMENT BANK: Greece: EIB backs EUR 470 million road safety scheme