Organization and functioning of public procurement system in economy of Rostov region

Abstract

The article examines the issues of the most effective satisfaction of state needs through the mechanism of public procurement.
The theoretical significance of the study is to identify the main advantages of public procurement using the electronic bidding
system, as well as key factors for non-fulfillment of contractual obligations. The analysis of the dynamics of key indicators of public procurement in the Rostov region in 2014–2019 revealed the absolute amount of savings and the preferential use of an open auction in electronic form during procurement. The article substantiates that the main reason for non-fulfillment of contractual obligations in the public procurement system is the insolvency of suppliers. In the future, it is necessary to establish tools for competitive selection of procurement participants, which involves the analysis of indicators of the effectiveness of financial and economic activities of commercial structures.