“…The necessary measures to improve legislation aimed at regulating the sustainable development of territories include expanding the list of objects located in such territories, introducing the mechanism for the compulsory land withdrawal for state and municipal needs in the development of built-up territories, establishing a clear procedure and conditions for the development of territorial planning documents and tender documentation for the purpose of holding auctions to sign territorial development agreements, determining a clear sequence of an investor's and a developer's actions as well as the development of an investor-authorities interaction system. It should be noted that state and municipal contracts are concluded in accordance with the law on public procurement, which is being improved in the context of the public finance management system reform, which is one of the key areas to ensure a competitive and transparent procurement system to meet the state (municipal) needs in (Guseva, Astafichev, & Sizov, 2017;Guseva & Khovanskaya, 2018).…”