Optimizing the cost of acquiring construction materials

Abstract

The article presents selected problems of construction contractors in determining the optimal financial reserve in the bid price/base budget to cover the costs associated with the increase in the cost of construction materials, as well as optimization of the cost of acquiring this price-forming component.The first part of the article ana-lyzes the determinants of changes in the average national prices of materials, labor rates (for general construc-tion and high-standard finishing works) in 2020-2023. The second part of the article indicates the measures that should be taken by the contractor as part of an effective program to manage the acquisition costs of con-struction production factors, in particular, construction materials.