State and the ways of improving the process of monitoring the progress of the implementation of the public procurement contract

Public procurement is of priority importance for the implementation of government obligations and the concentrated use of budget funds. In this regard, it is important to monitor the progress of the contract and assess the rationality of spending budget funds. It is not always possible to understand how justified the plans of the departments are, how they are being implemented, whether the results are being achieved and at what cost it happens. Currently, there is no optimal approach to determining the effectiveness of public procurement. The experts recommend supplementing the level of costs for them as its main component with a number of indicators. An important condition for the optimality of the process of monitoring the implementation of public procurement is a complete reliable and timely information base, we have developed and recommended for implementation the criterion of its optimality. In the course of monitoring public procurement, we propose to use a comprehensive performance indicator consisting of six components. Each of them has its certain weight. The proposed methodology is recommended to be used in order to ensure a quality process in the public procurement system.