MANAGING THE COST OF CONSTRUCTION PROJECTS BASED ON A NEW MODEL OF VALUE ENGINEERING

This article is devoted to the issues of managing the costs of construction projects through value engineering. The goal of this article is to develop a mechanism shaping the best cost of construction products. The article explores the factors influencing the cost of construction products. The strength and direction of relationships between the factors are established using the statistical method of correlation and regression analysis. The following cost-forming factors were identified during the study: number of participants in contract tenders; value of initial cost; number of changes in tender documentation during the period of tenders and auctions; number of complaints to the Antimonopoly Committee; source of investment financing. A model forming the best cost of investment projects for real estate objects was developed as a result of assessing the influence of each factor on the cost indicator. The authors determine the best (improved) cost of construction products as an integral indicator accounting for the interests of investors, producers and consumers, resulting from modeling given the influence of three key groups of factors: production costs, market factors and consumer preferences. The article defines the key stages in the cost formation and forms a pentagram of value engineering on the basis of a consistent account of the main groups of influencing factors.