State regulation of procurement activities

In connection with the transition of Russia to market relations, a radical change was needed in the system of state regulation of procurement activities. The planned, strictly regulated procurement processes were replaced by the purchase of products on competitive terms when the customer has the opportunity to choose from a large number of suppliers’ offers. Government procurement is a large segment of budget spending. The public procurement system is constantly being upgraded, its legislation, information and technical components are changing. This article discusses issues of control of activities in the field of public procurement, investigating the main provisions of the legislative framework for the regulation of procurement in the Russian Federation. Analyzed the mechanism of regulation of procurement activities by the state.