Encyclopedia
Percentage reduction amount
The percentage reduction is determined as the ratio of the difference between the initial (maximum) contract price (lot price) and the price offered by the competition winner or auction winner for the contract (lot price), relative to the initial (maximum) contract price (lot price), multiplied by a coefficient equal to one hundred1.
Federal Law No. 93-FZ of May 8, 2009, "On the Organization of the Meeting of Heads of State and Governments of Countries Participating in the Forum 'Asia-Pacific Economic Cooperation' in 2012, on the Development of Vladivostok as a Center for International Cooperation in the Asia-Pacific Region, and on Amendments to Certain Legislative Acts of the Russian Federation," dated May 8, 2009, as amended on May 8, 2009, Article 24, Subparagraph 2 // RSZ RF. 2009. No. 19. P. 2283. ↩