Purchases from small and medium-sized businesses under the Law N 223-FZ will be planned for a longer period

8 August 2019, Thursday

Amendments to the Law N 223-FZ on increasing the period of procurement planning for small and medium-sized businesses have been published. Purchases of goods, works and services from the list approved by the customer will need to be planned for at least three years (and not for one year as now).

The change will need to be taken into account in procurement planning for 2020 and beyond, as it will enter into force on 1 November.

Document: Federal law of 02.08.2019 N 263-FZ (effective 01.11.2019)