Abstract

Every year, the volumes of funding in the sphere of provision of state and municipal demand increases significantly. Achieving the effectiveness of government contracts is one of the main and “eternal” problems of public funds management. For public procurement to be effective, it is necessary to meet the needs of the relevant actors, i.e. society, the state, and the private sector. In order to make a qualitative forecast of the results of public procurement placement, the development and implementation of measures aimed at improving the public procurement system, it is necessary to assess the current situation of manifestation of risks arising from the procurement of goods, works and services for state and municipal needs. For this purpose, a risk-based model for assessing the system of state and municipal procurement has been developed, which allows disclosing the nature of the risks of the procurement cycle fully and identifying a case scenario for choosing a way to loss minimization.

Highlights

  • The system of state procurements is the basic component of a market economy

  • The results of the analysis have shown that most of the problems in the procurement cycle arise during the execution of the contract, as evidenced by the high percentage of contract cancellations and claim handling

  • “in order for public procurement to be effective, it must meet the needs of the relevant actors, that is, the society, the state, and the private sector.”

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Summary

Introduction

The system of state (municipal) procurements is the basic component of a market economy. The main source of the state demand financing has been and remains the budget funds. More than a third of the expenses of the consolidated budget of the Russian Federation accounts annually for the purchase of products (services, works) for state and municipal needs. The quality and efficiency of the distribution of state budget resources is largely determined by the effectiveness of the contractual system in the sphere of procurement of goods, works, services for state and municipal needs. The analysis of numerous works devoted to the problems of organization and functioning of the state procurement activities shows that the issues of risk management in state (municipal) procurement remain insufficiently explored. Considering the fact that risk is an integral characteristic of almost any financial and economic activities, it can be stated that the sphere of the state procurement is not an exception in this aspect

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