Improving Legislation and State Regulation of Legally Mandatory Bidding Processes: Russian and Global Experience

At the present stage, the institute of bidding has become very important for the economy overall. Bidding has become a standard form of state and municipal participation in economic affairs, ensuring equal access of all potential participants to public property and public finances. However, even the fields where the transactions parties are exclusively private entities, tenders are also becoming increasingly popular, being a tool to improve the efficiency of transactions. In this regard, Russia sees a rapid development of legal tender regulation in sectoral legislation: land, forest and water legislation, legislation on subsoil resources, and so on. One of the main tasks for ensuring equal access to state (municipal) property and other associated rights is the introduction of a single procedure for conducting tenders and the participation of entrepreneurs in such tenders in a single digital environment. During the session, the panellists will consider key issues related to the development of state regulation of bidding, which is mandatory by law in the current economic environment.