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PROBLEMS AND PROSPECTS OF UPDATING PROCEDURES FOR EVALUATION OF BUILDING PROJECTS ORGANIZATIONS COMPETITIVENESS UNDER CONDITIONS OF LIMITED INVESTMENT RESOURCES

Journal: University Economic Bulletin. Collection of scientific articles of scientists and post-graduate students (Vol.1, No. 23)

Publication Date:

Authors : ;

Page : 89-92

Keywords : investments; construction; investment resources; capital investments; investment competition; mechanisms of investment competition regulation;

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Abstract

The subject of the paper is to analyze the impact of competition on investment and development activities of construction companies. Method or methodology of the work: the works of local scholars and practitioners, regulatory legislation. Adopted the following methods: logic synthesis, dialectical, abstract and logical. Factors of impact and conditions for enterprises development are determined in the paper and the special role of investments in this process is indicated. The ambiguous nature of construction is revealed: from one hand ? as the sphere of material production, basic industry of economy, on the other ? as a type of industrial activity. Taking into account the specificity of financial and economic activity of the construction industry enterprises, the exceptional role of investments in the process of their development is proved. In accordance with this their essence and structure are examined. The importance of the investment component of the functioning and development of the construction company is proved. Its role is becoming more important in the context of an unstable economy and permanent shortage of financial resources. It is highlighted that the difference in the available means of production and potentially attracted investment capital is the tool of competition and incentive for further competition. It is found that the operation of construction enterprises takes place under conditions of acute competition for investment resources which is being proposed to be viewed as an investment competition. The author’s own definition of investment competition is formulated as follows: the struggle for limited investment resources which is maintained by construction enterprise by managing its own competitive advantages and the forming its long-term competitiveness, which in turn requires the development of its effective development strategy. Range of application of results: economic science, the construction industry; research results can be applied in the economic and educational activities. The basics of investment fair competition incorporated in the national legislation are considered. The tools of state regulation mechanism of investment competition are presented and the essence of market mechanism of investment competition regulation is outlined.

Last modified: 2016-07-24 20:29:28