On Possible Security Risks of Contract Tenders for Developers

Abstract

Abstract Today, electronic processes of various types, including tenders and bidding, gain more relevance in the era of digital economy and informational technologies. Tender is a relatively recent procedure, though it is already undergoing changes. New ways to conduct tenders and bidding procedures are driven by urge for efficiency. The authors try to elicit the efficiency element for developers that participate in bidding auctions for development of built-up areas, integrated urban development and construction of standard housing. The paper pinpoints the possible risks, which may occur if procedure rules, including electronic tenders, are failed to comply with. The authors attempt to protect and maintain regulations for tenders that are to be held according to the law. Underdeveloped and haphazard regulatory framework may place national security in jeopardy. Thus, the work considers options to prevent and curb possible threats.