New Presidential Decree to spell out rules in construction market

29 июля 2013

The draft of this document is being discusses in detail by a special working group. The main task is to make all stages of the construction process open and clear to its participants.


By Svetlana Konopatskaya: The regular working group meeting discussed ways to improve the construction process at all stages. A new classification of organizations and buildings under construction is aimed at strengthening responsibility.


Dmitry Semenkevich, Deputy Minister of Architecture and Construction: The previous classification comprised 3 levels of responsibility. We have taken into account the German experience of classifying buildings and have identified five levels.


One of the means of protection against unscrupulous real estate developers may be the requirement to provide a warrant of the construction company's financial viability. That is, before starting the construction, certain amount of money is needed; this guarantees that the facility will be built. The new Presidential Decree will clearly spell out the rules in the construction services industry.