Artem Kiyaev: The most unpleasant situation is when the customer deliberately delays payment

Abstract: The Central Bank of Russia, which raised the key rate to 16%, is in no hurry to change it. This has led to numerous predictions about what will happen to inflation, prices, and credits. Optimistic economists say that the inflation will decrease in the second quarter of 2024. Pessimistic ones say that nothing will change until the middle of the year. In any case, the growth of prices will continue, except that its speed will be various. The inflation often depreciates any efforts to deal with receivables because there are payments that stretch over months and even years. And the price of this money will no longer be the same as it was during the engineering survey work. It is more profitable to prevent receivables than to correct the situation later. Artem Kiyaev, the founder of “TsIIAK” LLC (Krasnodar), told the correspondent of the “Geolnfo” journal how to do this.

Keywords: engineering surveys; receivables; customer; contractor; subcontractor; creditor; debtor; government order; partner; counterparty; requirement specification; project requirements; financial difficulties; court.