Activities Of Construction Companies Research Articles

Development of a method for evaluating diversification strategies for managing the activities of construction companies

The model for choosing rational diversification strategies of construction companies based on an expert assessment of construction's technical and economic parameters is described, which considers the most significant indicators and the advantages of participants in the construction process. These advantages and the features of diversification strategies are included in the indicators of the diversification center, which should be created in the construction company. Since this task is complex and requires the involvement of a separate team of experts, if it is impossible to create such a center within the st ructure of a construction company, it is necessary to involve a consulting company that deals with this problem. The method of evaluating diversification strategies of construction companies has been improved, which is distinguished by taking into account changes in the structure of companies' organizational environments and allowing them to increase their management efficiency. This method is based on expert assessment and considers the opinions of all participants in the construction process: owners, developers, investors, general contractors and designers. In the future, the method described will be implemented in the activities of construction companies, and the obtained results will be verified. Implementing the method of formation and evaluation of diversification strategies is an essential component of ensuring the stability of the development of construction companies and obtaining their profits. The obtained results, both theoretically and practically, serve as a basis for further scientific and applied research aimed at improving various aspects of the management of construction companies. The described tools are essential practically for construction companies and holdings. In the long term, the use of the developed methods and models will positively impact the development of the country's construction industry as a whole.

Logistics in construction: decision-making methods, features and prospects development

The article examines the peculiarities of logistics in the construction industry. The prospects for the development of industry logistics are associated with the use of outsourcing in the supply of construction companies. Decisions on managing supply chains for construction materials are systematized, and decisions made by logistics providers and construction industry organizations are identified. The possibility of reducing the amount of costs in the activities of construction companies is proposed through the analysis of processes based on classical concepts and their transformation into logistic concepts of organization. Additionally, according to the concepts of key competencies and business process reengineering, it is proposed that companies establish the best source of competitive advantage by making key processes as efficient and cost-effective as possible, while non-key processes can be outsourced to gain additional competitive advantage. Businesses are interested in reducing inventory holding costs, as analysts confirm the fact that inventory storage costs companies at least 25% of their book value per year. The practice of applying logistics proves its effectiveness. In a number of works, data on the effectiveness of logistics have been published. In one of them it is noted that, according to experts (expert assessment), the use of logistics allows to reduce the level of stocks by 30–50%; reduce product movement time by 25–45%; reduce repeat warehouse transportation by 1.5–2.0 times; reduce costs for road transportation by 7–20%, and for rail transportation by up to 12%. Logistics, developing at enterprises of various branches of the economy, acquires specific branch features. In construction, it has a number of features, among which the rather low level of logistics as a branch of the national economy of Ukraine stands out. To optimize costs in the supply chain, it is recommended to consider various decisions made by both the construction company being serviced and the logistics provider. Specifically, the construction company is required to specify logistic service requirements that are determined by plans and schedules for construction work, specifications dictated by construction technology, as well as cost, time, and quality characteristics of the expected service.

FINANCIAL SUPPORT OF THE ADAPTIVE MANAGEMENT SYSTEM OF CONSTRUCTION ENTERPRISES

The article examines the impact of financial support on the management of economic entities and develops a methodical approach to assessing the level of financial support of the system of adaptive management of construction companies. It is noted that today the introduction of modern management systems into the practical activities of construction companies, capable of adapting business entities to the existing conditions of doing business, is of particular importance. It is the financial support that needs special attention in the system of adaptive management of construction companies. The main existing approaches of Ukrainian and foreign scientists to the definition of «financial security» of economic entities are considered. It is established that the financial support of construction companies has certain features related to the specifics of production and economic activities and existing management systems. It is emphasized that the financial support of construction companies significantly affects the overall management system and effective management decisions, due to the possibility of creating certain conditions to maximize net cash flow, the growth of which will increase the self-financing of the entity and reduce its dependence on external sources. The key characteristics and features of financial support of the system of adaptive management of construction enterprises are highlighted. It is concluded that the proposed methodical approach to assessing the level of financial support of the system of adaptive management of construction companies allows to build a universal reliable simulation model with a predetermined level of efficiency and the ability to make additional changes. It is proposed, in the future, to assess the level of financial security of construction companies as an element of adaptive management, which will certainly allow you to make effective management decisions on all activities of the business entity.

ОСОБЛИВОСТІ УПРАВЛІННЯ ІНФОРМАЦІЙНО- КОМУНІКАЦІЙНИМ ЗАБЕЗПЕЧЕННЯМ ДІЯЛЬНОСТІ ВІТЧИЗНЯНИХ БУДІВЕЛЬНИХ ПІДПРИЄМСТВ

The article researches features of management of information and communication support of activity of domestic construction companies. The content of the digital transformation of the economy and society and its impact on production activities in general and the activities of domestic construction companies are characterized. The place of information and communications in the activities of construction companies in the conditions of digitalization of construction is determined. It is established that information is an integral element of effective management of all organizational and economic processes in the activities of a construction company. The role of information at different stages of the process of managing the activities of a construction company is determined. The essence and content of management of information and communication support of construction companies, as well as its basic tasks are characterized. The advantages that the management of the construction company will receive by effectively managing the information and communication support of the company's activities are determined. The information and communication needs of the construction company (strategic, operational, and tactical) that can be solved by managing the information and communication support of the construction company are characterized. The necessity of using appropriate communication and information technology tools in the process of managing the information and communication support of the construction company's activities is determined. The connection of the construction company with the environment in modern economic conditions, its purpose and orientation towards different target audiences, as well as its focus on the formation of effective communications are characterized. It is determined that the efficiency of management of information and communication support of the construction company depends on many factors. A study of the impact of information and communication technologies on improving the efficiency of construction companies and digitalization of construction was carried out.

ВПЛИВ РІВНЯ ІНВЕСТУВАННЯ НА РОЗВИТОК БУДІВЕЛЬНОЇ ГАЛУЗІ

The construction industry is a strategically important component in the development of the national economy and the development of the country's social infrastructure. The variability of the conditions of production activities of construction companies leads to fluctuations in physical and financial results obtained by enterprises. The relevance of the topic is emphasized by the importance of the development of the construction industry due to its impact on the efficiency of the functioning of the entire economic system in the country. The issue of financing the construction industry requires special attention. The level of investment in construction determines the ability of enterprises to receive a number of benefits. To create a favorable investment climate in Ukraine, it is necessary to develop real financial and credit mechanisms to stimulate industrial and housing construction in order to increase the competitiveness of the industry. The analysis of capital investments in construction in comparison with other spheres of activity for three years is carried out. Deterioration of the situation in 2020 compared to previous periods has been identified. To determine the prospects of the construction industry, the index of business activity of construction companies in 2021 was considered. In connection with the change in the level of investment, its relationship with the index of construction products is considered. Identified similar trends in the change of these indicators. Assumptions are made about the impact of inflation on the volume of construction output and its corresponding reflection on the index of construction output. Factors that hinder the activities of construction companies are listed. The increase in the cost of construction works due to higher prices of raw materials was especially noted. The measures taken by the government to create an attractive investment climate in Ukraine are indicated. The need for more thorough development of strategies for attracting domestic and foreign investors in the construction industry of Ukraine and finding new sources and forms of financing was also noted.

On the Integrated and Sustainable Development of the Territory of Russia

The topic of the article is relevant due to changes in urban planning legislation. The new legislation is explained by the tasks set by the authorities of the Russian Federation to improve the quality of life, to ensure favorable living conditions and health of citizens of the Russian Federation. The new requirements for the development of territories in the Russian Federation provide not only for changing the procedure, but also for providing transport, social and other types of infrastructure during the construction of the object. A new concept in urban planning legislation — the activity of integrated and sustainable development of territories-entails a whole range of measures necessary for adoption not only by the authorities, but also in the design of the activities of construction companies. First of all, urban planning changes will affect such a legal act as the Rules of Land Use and Development. They will not only have to be structurally updated, but also adopted in accordance with the procedure established by the legislation of the Russian Federation. Construction companies are forced to coordinate the construction of an object, especially residential buildings, with organizations that regulate transport and social accessibility. Additional requirements for construction, imposed by modern urban planning legislation, will also entail a change in the price policy in the field of housing. The authors try to anticipate the pos sible legal consequences of the new changes in the legislation regulating urban planning legal relations.

Modern aspects of innovative development of construction companies

The article is devoted to the analysis of modern aspects of innovative activities of construction companies. The problems of introducing innovations, which construction enterprises are faced with today, have been investigated; the impact of the identified problems on the activities of enterprises in the construction industry is noted; attention is paid to the organization of activities, management methods, search for sources of funding for innovations and assessment of the effectiveness of their implementation. The priorities for the further development of enterprises in the construction industry and the main strategic steps in the implementation of innovations have been determined. Attention is focused on the need to introduce innovations into the activities of the enterprise to ensure stable competitiveness. It is noted that among the methods of effective management of innovations, it is necessary to focus on those that will allow the construction company to improve its competitive position in the market. The advantages of introducing innovations into the activities of construction enterprises are analyzed. The main directions of innovative development in the construction industry and the types of innovations in terms of functional orientation have been determined. It is proposed to develop projects for innovative development of enterprises, taking into account the latest world developments in the construction industry. The necessity of conducting economic assessment and risks when introducing innovations has been substantiated. The specified sources of financing for innovative projects, both state and at the enterprise level. The sources of financing the innovative activity of industrial enterprises for five years, as well as the number of applications for utility models in the direction of "construction" are analyzed. The main methods of organizing the innovative activity of a construction enterprise are considered. The sequence of actions for the implementation of innovative development in the activities of construction enterprises has been determined. The main risk factors that enterprises face when introducing innovations into their activities have been identified. The main principles of the risk management system for the innovative development of the enterprise have been determined, should be aimed at mitigating the impact of risks on the final results of the enterprise.

Sources of funding architectural and construction complex of the Kyrgyz Republic: analysis and problems

The article outlines the features of the architectural and construction complex and the sources of financing for the activities of construction companies. The analysis of the dynamics and structure of the main sources of financing of the construction industry of the Kyrgyz Republic is carried out. The positive and negative aspects of the use of various sources of financing are considered and the problems of their limitations in the Kyrgyz Republic are identified.

Assessment of the Activities of Construction Companies in Iraq in Conditions of Destabilizing Factors and Risks

Assessment of the Activities of Construction Companies in Iraq in Conditions of Destabilizing Factors and Risks

Modern approaches to the formation of a project for the development of construction enterprises

The article is devoted to the analysis of the activities of construction companies in the current economic crisis and taking into account the new requirements of society for the organization of business processes. The problems that construction enterprises are faced with today and which led to a revision of the general principles of organizing the construction business, methods of managing business processes, the formation of the organizational structure of a construction enterprise and the ethics of business communication are investigated. The priorities for the further development of enterprises in the construction industry and the main strategic steps aimed at maintaining market positions have been determined. It is noted that the emphasis of the ongoing project for the development of a construction enterprise should shift towards a quick response to the dynamics of changes. Among the many methods of effective change management, it is necessary to focus on those that will allow the company to maintain a competitive position in the market, and, if events are successful, improve them.
 The advantages of financial modeling of the activity of construction enterprises are analyzed. It is proposed to develop projects for the development of enterprises in the construction industry, taking into account the variability of long-term development scenarios. The necessity of conducting an economic assessment of the strategic directions of development of a construction enterprise has been substantiated. Considered are modern software products that can significantly speed up the current and forecast calculations of financial indicators of the economic activity of a construction company and effectively manage construction projects at all stages of the life cycle. Modeling of the activity of a construction company in the medium term is carried out, taking into account the goal of its further development and the current macroeconomic situation. Three scenarios of enterprise development are modeled: optimistic, realistic and pessimistic. Attention is focused on the feasibility of using software systems designed to manage construction projects, among the main capabilities of which are the choice of a strategic project, ensuring corporate project management, improving the processes and methods of construction, assessing progress in achieving goals.

Investment crisis: causes and ways to overcome

The article considers the main features and peculiarities of the investment crisis, which is an element of the systemic crisis that has gripped the state economy and negatively affects all spheres of public life and activity. The investment crisis is an obstacle to operational, investment and financial activities of construction companies, causing demand for real estate. The global internal causes of low investment activity are analyzed, which are, first of all, the current state of the state economy, which increases investment risk and significantly complicates the formation of investment programs, creates conditions for illegal withdrawal of investment resources from the real economy to other areas. All this is a consequence of insufficiently deep development of regulatory and legal framework for the development of investment activities in the country: the existing legal norms do not work, there is no effective mechanism of punishment and property liability for improper use of investment resources, and the result - violation of the investment process. Among the identified and the ways of overcoming the investment crisis mentioned in the article are as follows: renewal of domestic sources of investment resources in the real economy, which were paralyzed in the last years of the country's life, the need to strengthen strong incentives and arguments for returning lost domestic capital from abroad. The creation of new laws on the efficient use of own sources to finance domestic investments in the modernization of production and introduction of new, modern technologies, as well as laws that will prevent the outflow of capital from the state during the acute investment crisis. The lack of a clear legal framework and non-compliance with current legislation is the main reason for the significant reduction in investment in Ukraine, both domestic and foreign.

Mandatory and voluntary standards and norms of technical regulation in the activity of construction companies (legal aspect)

The subject of this research is the correlation between standards and technical regulation in construction sector, as well as the examination of practical consequences of various legal regimes – and mandatory and voluntary for business activity of construction companies in the Russian Federation. Standards and technical regulation of industry are viewed as legal norms in the context of progress made on harmonization of Russian law, legislation of the Customs Union, and regulations of the World Trade Organization. In this regard, standards are considered as voluntary set of norms, adherence to which is declared by the contractors and service providers, and controlled by independent organizations that conduct verification of adherence. The norms of technical regulations are referred to as mandatory norms. The conclusion is formulated on the essential voluntary nature of standards and mandatory nature of technical regulations. The author clarifies the concept of the basic goal of standardization – achievement of high quality, and the key goal of technical regulation – achievement of safety in the process and in usage of the results. Practical limitations of application of the formulated conclusions in the activity of construction companies are outlined. The author also concludes on deformation of the general framework concept of voluntary and mandatory norms of technical regulation in construction sector towards increasing the number of mandatory requirements. Such deformation is a result of passing a separate law – Technical Regulations on the Safety of Buildings and Structures, which is special in regards to the Law on Technical Regulation, as well as to multilevel and thus often contradictory regulation of technical norms in construction sector.

Соціально відповідальна діяльність будівельних компаній у міжнародних ланцюгах поставок

Соціально відповідальна діяльність будівельних компаній у міжнародних ланцюгах поставок

Risk management of construction

The role of financial risk management in increasing the financial stability of a construction company and reducing the likelihood of losses related to non-core risks is very large. The ability to identify and assess risks, as well as understand how possible adverse events can affect the final financial result, increases the manageability of the company’s asset portfolio and the predictability of the financial results of its business activities.Any company is exposed to business risks. Its incomes may rise or fall depending on changes in the environment, competition, production function, due to the emergence of new technologies, or changes in factors affecting consumer preferences. It should be noted that in Uzbekistan, unfortunately, financial risk management has not yet begun to play that significant role in the field of developing management decisions that it plays in the West. Due to historical circumstances, the development of financial risk management began in our country later than in the West, in fact, like the Uzbek business itself.An important role is played by the fact that the risk management system cannot simply be copied from a Western standard and imposed on Uzbek companies. There is no doubt that risk management in our country is not just different, but also must be different from risk management in Western companies due to the Uzbek specificity. And this is not only about the liquidity of foreign exchange markets, but also about the needs to design an Uzbek risk management model with the possible use of existing tools and taking into account the experience of Western companies.The purpose of this article is to develop recommendations on risk management in times of crisis for construction companies.The results obtained from the research can be implemented in the activities of construction companies and used in educational methods.

Concept of logistics processes in the activity of a construction company in the implementation of innovative construction projects

The main objective of the study is the study and analysis of logistics processes in the activities of construction companies. During the study, methods were used to analyze existing approaches to the management of the logistics system in construction, as well as methods for the effective management of material and technical support. It was revealed that, based on the prevailing conditions, the mission of the logistics center is the introduction of an effective logistics system to ensure construction, which supports the growth of construction volumes by uninterrupted supply of construction materials to Group A. The main goal is to reduce construction time by implementing MRP2 and just-in-time concepts and a cost-effectiveness strategy. It can be concluded that logistics considers the movement of material flows in a company as a single and interconnected process, regardless of which unit controls these flows at the moment. Moreover, logistics technology involves close interaction with other departments at various stages of work with external contractors.

Features of the audit of construction enterprises

The article defines the legal basis of the audit in Ukraine, theoretical approaches to the audit of construction companies, the issue of assessment by the auditors of the risks associated with the implementation of a project for housing construction. A construction audit is an independent assessment of both the financial and technical indicators of a construction investment project. This procedure involves checking the quality of construction work, determining the actual value of the object and the actual volume of construction.Building auditing is part of the management system and one of the most important components of the ISO 9001 quality system. As part of the funding expansion strategy, the audit of the organization is carried out as part of the audit in other areas of activity. Audit is conducted in two key areas: organization audit, project audit. It is determined that the construction audit is aimed at the study of common costs and pricing analysis, it is carried out at each stage of construction of the construction object. This process allows to identify the real volume of work, to determine the cost of finished products, to determine the quality of work performed at all stages of construction, to identify deviations from the project of the construction object.Audit of construction organizations is carried out in accordance with the general principles, but has its specificity, related to the legal form and features of the industry to which the contracting entity belongs, namely: regulatory regulation of the cost of construction works, features of determining the financial result of construction contracts , the presence of risks associated with the activities of construction companies. Audit in construction companies can be both proactive and mandatory. The main purpose of an audit in a construction organization – reliable, real and objective information about the implementation of construction contracts. Construction audits are carried out both on a separate site during the entire construction process and in a continuous manner by controlling all costs.In this article the main tasks of the audit of financial results are summarized and systematized, its peculiarities and main problems are defined, the recommendations on improvement of audit of financial results of construction organizations are given.

To the problem of effective organization of pro-curement activities of construction companies

The article considers organization of procurement activities of company, which works in a field of urban housing construction, as part of a single logistics supply chain of component parts. The article identified the factors which have influenced the level of centralization of purchases and the transfer of procurement activities to outsourcing. The conclusion is: the feasibility of a particular option for the organization of procurement is determined through feasibility analyses based on identified factors.

To the problem of ensuring stability of activities of construction companies engaged in high-rise building construction

Recently, more and more attention in scientific literature has been drawn to improving the sustainability of organization. The growth in the volume of high-rise construction in Russia makes the task of assessing and ensuring the sustainability of organizations and enterprises leading this type of construction very relevant. The article considers the approach to assessing the sustainability of the organization’s activities in the context of functioning of quality management system (QMS). It puts forward the hypothesis that assessment of sustainability of an organization that has a real and efficient functioning quality management system can be based on the results of assessing the effectiveness of the QMS. The article describes in sufficient detail the sequence of actions to form a list of criteria for assessing the effectiveness of the QMS and sustainability of the organization, and to evaluate both characteristics on the basis of these criteria. For a clear interpretation of the results obtained, the authors use so-called petal diagrams. It suggests an original approach to their creation and analysis. Based on the results of the study, the authors conclude that in order to assess the sustainability of enterprises and organizations analysis of the dynamics of changes in the basic sustainability factors is mandatory.

The financial modeling in industrial building using the method of hierarchies analysis

The processes in the activity of construction companies which are involved in the construction of industrial objects, bridges and roads, and the factors affecting the value of these processes and the organization’s financial stability have been investigated. A comparative analysis of the construction companies according to the criteria for stability (financial, economic, organizational, innovation, investment) has been implemented using the analytic hierarchy method; financial models of studied construction companies have been developed, the forecast evaluation of their expediency has been made.

ОСОБЕННОСТИ УЧЕТНО-АНАЛИТИЧЕСКОГО ОБЕСПЕЧЕНИЯ ПРИНЯТИЯ Κ УЧЕТУ ОБЪЕКТОВ ОСНОВНЫХ СРЕДСТВ В СТРОИТЕЛЬНЫХ ОРГАНИЗАЦИЯХ

The article deals with the place of fixed assets in the activities of construction companies. Presented value accounting and analytical support in the management of fixed assets and as the main collection management, ordering and provision of information assets of the enterprise o motion. We give individual features of accounting income and taking on account of fixed assets associated with the specific activity of the building enterprises.