The main goal of the document is to increase transparency, combat corruption, and enhance control over the expenditure of budgetary funds during procurement processes.
According to the new procedure, all specified organizations must now conduct their large procurements with mandatory banking support, following the established conditions.
In addition, the regulation lists the banks that have been authorized to support these contracts.
It is also planned to update the existing mechanism for public procurement: some items will be excluded, and the norms for banking support will be aligned with the new government decision.
State authorities and enterprises with a state share of over 50% are required to implement this procedure in their procurement practices and sign agreements with authorized banks.
At the same time, the Agency for State Property Management must provide all organizations engaged in procurement with standard conditions for banking support, which must now be included in the tender documents.
The resolution will come into effect ten days after its official publication.
Banking support is a control mechanism whereby all payments under state contracts are made through an authorized bank. This ensures that funds are spent in accordance with the terms of the contract, eliminates the possibility of fraud, and guarantees transparency in the procurement sector.
