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Sberbank will help the work of the Fund for overhaul in Kolyma
Sberbank and the Overhaul Fund of the Magadan Region expand cooperation. Specialists of the financial institution will accompany the contracts and control the targeted spending of budget money allocated for the overhaul.
According to the press service of the bank, the funds will be sent to contractors only after the submission of documents on expenses at a certain stage of the order. However, they must comply with the pricing rules.
Not only settlements with contractors are subject to control, the analysis of documents and contracts that will be submitted by the contractors will be carried out. The verification is subject to initial permits, design estimates and working documentation, statements of materials and volumes of work, their cost and terms.
Documents will be exchanged through the Sberbank Business Online system. Maintenance will help to avoid misuse of budget money and receive an analysis of their use.