02.05.2017 The extent of a key interest rate of the Bank of Russia (Law No. 44-FZ) has decreased

Since May 2, 2017 the extent of a key interest rate of the Bank of Russia has decreased. The Bank of Russia has made the decision to reduce a key interest rate from 9,75% per annum to 9,25% per annum. We will remind that the size of a penalty fee which is collected from the customer and the supplier (the contractor, the performer) depends on the refunding rate equated since January 1, 2016 to a key interest rate.

02.05.2017 Changes are made to the Law No. 44-FZ regarding payment under the contract

Changes are made to the Law No. 44-FZ regarding payment under the contract.

03.05.2017 Fresh issue of the Bulletin of Public Procurement Institute No. 5 (33) was published (May, 2017)

Fresh issue of the Bulletin of Public Procurement Institute No. 5 (33) was published (May, 2017).

16.05.2017 The order and the bases of the conclusion of contracts for "turnkey" construction (Law No. 44-FZ) are established

The order and the bases of the conclusion of contracts for "turnkey" construction (Law No. 44-FZ) are established.