Analysis of the experience of performance contracting development in Russia

Abstract

Importance. To date, performance contracts in terms of modernization and management of fixed assets are practically not used in the economy of the Russian Federation and, in particular, at the level of industrial enterprises. The entire experience of developing performance Contracting in Russia is directly related to energy service contracts. At the same time, the existing potential to reduce energy consumption and increase energy efficiency makes it possible to use the performance Contracting mechanism in Russia today. The successful development of performance Contracting in the energy sector allows us to make a reasonable conclusion about the possibility of its use in other non-energy sectors, and in particular in the process of managing the fixed assets of industrial enterprises. The proposed approach to the use of performance Contracting in the management of fi xed assets of industrial enterprises is based on the idea that the contractor under such a contract assumes all the risks of introducing new fi xed assets in real production. Objectives is to analyze the problems of performance Contracting development in Russia and develop recommendations for its development. Methods. In the process of achieving these goals, the following methods of scientific knowledge were used: dialectical; analysis and synthesis. The research is based on the study of current scientific and periodical economic literature. Results. A brief history of the formation and development of energy service contracts is given. The main statistical data that characterize the development of the performance Contracting market in Russia at the current stage are reflected. Conclusions. Based on the conducted research, the necessity of using performance Contracting in the management of fixed assets of industrial enterprises is justified. The final part of the article presents the main reasons that hinder the mass development of performance Contracting in Russia,as well as some recommendations for its development. The conclusion is based on the need to continue work on the introduction of incentive mechanisms for industrial enterprises in the field of performance contracts for financing projects and activities to update and modernize basic funds, as well as to improve their energy efficiency, which will allow attracting new investments in energy conservation and ensure the return of invested funds by saving financial resources.