Regulatory Bodies Overseeing State Financial Contracts and Their Challenges

Governmental contracts have an important place in the financial and economic system.Because the transfer of funds generally is done by contracts.In other hand because of governmental economic system in our country and concentration of capital in this section, the governmental contracts has greater importance.Therefore the special monitoring on various stages of contract from foundation to implement is necessary. Otherwise the negative consequences will follow that the corruption is the most important of those consequences.The studies shows that country's legal system has foresighted a monitoring system to assure healthy and sound implantation of projects, However, need for a comprehensive and effective surveillance system to incorporate various aspects of political and administrative issues is still evident, This is mainly because proper functioning of regulatory bodies has always been a challenge for legislators, executives, as well as judicial system.This article seeks to identify involved bodies, explore challenges and propose solutions, towards a more effective system of monitoring.