Modernization of the public procurement system in the republic of Kazakhstan

Abstract

Public procurement, accounting for about a fifth of global GDP, according to the World Bank, is the largest market for
developed and developing economies. The largest share of government procurement in the economy of low-income countries is above average - 13.6% (in Kazakhstan, there are no accurate statistics in official sources). Due to the huge size of the sector, a wellfunctioning procurement system is beneficial for both government and business. Therefore, in this article I would like to consider some issues of public procurement such as general provisions of the legal regulation of public procurement, what legislative innovations are of interest to entrepreneurs, what are the deadlines established by law for public procurement participants, how to apply them and what are the consequences of missing them, how to protect own rights and interests if the contract is concluded bypassing the legislation on public procurement