The article examines the problem of assessing and hedging the interest rate risk of construction companies in the context of rising interest rates, it is noted that in order to increase the stability of the business of construction companies in the context of rising interest rates, it is necessary to develop a common instrument for hedging interest rate risks. The author, using information and analytical materials of Russian and international scientific publications, analyzes the specifics of the construction industry and the debt burden of construction companies, and also provides a typification of interest rate risk hedging tools that are most optimal for this industry. The study revealed the specifics of interest rate risk for companies in the construction sector, as well as the optimal tools for hedging the interest rate risk of construction companies in conditions of rising rates. Not all interest rate risk hedging tools are applicable for construction companies, in this regard, an urgent scientific and practical task is the development of theoretical, methodological and practical provisions for hedging interest rate risks of construction companies in the context of interest rate increases, taking into account industry specifics.