Life cycle of the facility and its cost at the construction stage

Abstract

The article presents a study of the main aspects of managing the value of real estate in the process of implementing investment and construction activities. The study was conducted in the context of the concept of the "life cycle of a capital construction facility" with the decomposition of its stages into regulatory, financial, economic and engineering. The life cycle of an object creation project is defined as a subsystem in the structure of the overall life cycle of an object, combining a set of stages implemented in the process of creating an object. The author has formulated the main factors affecting the value of real estate during the construction at various stages of the project life cycle. The paper defines a mechanism for managing the cost of an object as interrelated stages of the project life cycle, price-forming factors and methodological support for the process of its economic assessment with the definition of types of value, taking into account the objectives of determining the value of the object in the process of its creation. The use of the tools and methods presented by the author is designed to ensure an increase in the efficiency of managerial decision-making during the construction.