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Several construction companies will voluntarily submit data registered with the State Revenue Service (SRS) in the working time accounting system. This is stipulated in the Memorandum of Cooperation between the public authorities and the Latvian Construction Contractors Partnership.
The Ministry of Finance (FM) reports that the construction industry has an impressive share of the underground economy, so that at least the willingness of some builders to cooperate is welcome .
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By signing the memorandum, the manufacturers promise to provide the country with working time records starting next year. SRS data will be badyzed and integrated into the risk management system.
Dana Reizniece-Ozola
Minister of Finance (ZZS)
There are at least some of the builders who want to work honestly, ready to cooperate. 35 entrepreneurs joined, more than 80 objects under construction are not small objects. Millions of objects!
The SRS emphasizes that the signing of a memorandum does not mean that the service will not monitor certain companies. "Of course, we will visit the construction sites on site, this information will compare what we see live with what is communicated by the system," said Dace Peläke, Acting Director General of the SRS
Meanwhile , businessmen who agree to cooperate expect to be pirates.The share of the underground economy in construction is estimated at 35% of gross domestic product
Baiba Fromane [19659006] Latvian construction entrepreneur, partnership leader
It is very important for entrepreneurs to understand that the SRS controls those who do not respect these obligations.
19659006
and another novelty – "State Real Estate" and "High Voltage Network" – the capital companies under the control of this FM will first make the transition to the International Federation of Engineering Consultants (FIDIC) contract standard of construction. The standard requires the participation of a consulting engineer who will help monitor the construction process and fight against inflationary burdens, for example, when government contractors suddenly announce an increase in costs by asking for additional funds.
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