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Law and Politics
Reference:

Yakovleva I.G. Legal nature of notice of requesting a financial quote

Abstract: The article examines the legal nature of notice of a financial quote request, as well as regulation of this procedure in the Federal Law of the Russian Federation from 07.21.2005 No. 94-FZ “On Order Placement for Goods, Work, or Services for Government or Municipal Authorities”, and Federal Law from 01.01.2014 No. 44-FZ “On Contractual System in the Area of Order Placement for Goods, Work, or Services for Government or Municipal Authorities. Analyzing the Federal Law No. 44-FZ, particularly in the area of regulation of notification of requesting a financial quote, a number of flaws have been detected in this law. Proposals are made on changes that would improve the purchasing process and decrease the level of corruption and other abuses in the area of government and municipal contracts. Among others is the proposal to establish a requirement to provide an initial maximum cost of the contract as an average of all participants in the bidding process; a proposal is being made to change the method of expert estimate to determine the initial (maximum) cost of the contract.

Keywords:

Purchasing, Government contract, Notice, Contract system, Quote request, Legislative improvements, Contract signing, Bidding, Proposal, Acceptance

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