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NCSP Awarded High Transparency Certificate within Analysing Procurement Policies of State Corporate Customers

Date of publication: 25 January 2019 Printable version

NCSP Group (LSE: NCSP, MOEX: NMTP) informs that NCSP has been ranked 17th in the National Procurement Transparency Rating (State Corporate Customers category) for 2018. NCSP was assigned the High Transparency rating. The certificate was obtained by the Center for Procurement and Inventory Management of NCSP Group.

This year, procurement activity of 69 largest Russian companies was assessed in the State Corporate Customers category.

To evaluate and rate customers placing orders under the 223-FZ federal law, 17 criteria were used, including data characterising the degree of openness and transparency as well due processes regulating a company’s procurement activities, availability of various types of information on the rules of conducting procedures, planned procurement, upcoming bidding procedures and contracts signed on the participant’s official website, along with other open sources, as well as data on the extent of using particular tendering procedures.

The National Procurement Transparency Rating has existed since 2006 as an independent non-government think tank specialising in economic and legal analysis of the Russian state and corporate procurement market.

For ten years, the National Procurement Transparency Rating project has been a tool of public control over the efficiency of spending by government and corporate customers, increasing their discipline in organising and planning their activities.

NCSP Group is Russia’s largest port operator in terms of freight turnover. Transneft is the controlling shareholder of NCSP (62%).

 NCSP’s shares are listed at Moscow Exchange (stock symbol: NMTP), as well as at London Stock Exchange in the form of GDRs (stock symbol: NCSP). The freight turnover of NCSP Group in 2017 amounted to 143.5 million tonnes. NCSP Group includes NCSP, PTP, NGT, NSRY, NCSP Fleet, NLE, IPP, Baltic Stevedore Company, SFP.

NCSP Press Service
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