The state financial control is intended for implementation of financial policy of the state, creation of conditions for financial stabilization. The purpose of article consists in determination of the general principles of carrying out supervision of public contracts for guaranteeing the desirable results of purchases. When the system of public procurements doesn't meet expectations, there are some undesirable consequences: the goods and services necessary for citizens or organizations which serve the population, aren't delivered in time; economic development, implementation of the international projects suffers; the trust of the population to a capability of authorities effectively decreases to function. In many countries the system of public procurements is not only means for acquisition of goods and services, but also the mechanism for accomplishment of various political goals. Strategic objective of bodies of financial control is the efficiency evaluation of public procurements for satisfaction of public requirements. One of the most important and useful documents who was prepared by the Working group on public procurements of Committee of the supreme bodies of financial control of member states of the European Union is the Procurement Performance Model. Considering scales of the market of public procurements and complexity of questions in this sphere, it is reasonable to attract members of INTOSAI. For implementation of this initiative, in Audit Chamber of the Russian Federation it is planned to create target group on carrying out verifications of public contracts. The target group will have: to develop a general set of the principles for check of public procurements; to transfer these general principles to the operational guidelines; to develop managements on control of public contracts in specific spheres and areas. Bodies of financial control will be able to apply the recommendations developed by target group according to their national standards and rules.