Developer in Law №5655
Journal: Quarterly Scientific Journal "Economic Herald of the Donbas" (Vol.72, No. 1)Publication Date: 2023-06-25
Authors : Sarkisian L.;
Page : 178-197
Keywords : Law 5655; housing construction; developers; transaction costs; efficiency of business projects; sustainable development;
Abstract
In order to clarify the logic and motives of the initiators of Law 5655, a systematization of factors affecting the effectiveness of construction business projects was carried out. The norms of the law 5655 were revealed, for the creation of: a system of qualification of engineers, private authorized persons of urban planning control, the urban planning chamber for their punishment, under the control of large developers to receive infrastructure rent. The negative impact of Law 5655 on the level of: competition, transaction costs, investment risks, innovations in construction and sustainable development of communities is substantiated.
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