Problems and prospects of updating procedures for evaluation of building projects organizations competitiveness under conditions of limited investment resources Cover Image

Проблеми та перспективи оновлення процедур оцінки конкурентоспроможності організацій-виконавців будівельних проектів в умовах обмеженості інвестиційних ресурсів
Problems and prospects of updating procedures for evaluation of building projects organizations competitiveness under conditions of limited investment resources

Author(s): Yuriy Marchuk
Subject(s): Business Economy / Management, Agriculture, Methodology and research technology, Accounting - Business Administration
Published by: Переяслав-Хмельницький державний педагогічний університет імені Григорія Сковороди
Keywords: investments; construction; investment resources; capital investments; investment competition; mechanisms of investment competition regulation

Summary/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 followingmethods: 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 inthis 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 economicactivity of the construction industry enterprises, the exceptional role of investments in the process of their development is proved. Inaccordance with this their essence and structure are examined. The importance of the investment component of the functioning anddevelopment of the construction company is proved. Its role is becoming more important in the context of an unstable economy andpermanent shortage of financial resources. It is highlighted that the difference in the available means of production and potentiallyattracted 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 resourceswhich is being proposed to be viewed as an investment competition. The author’s own definition of investment competition isformulated as follows: the struggle for limited investment resources which is maintained by construction enterprise by managing itsown competitive advantages and the forming its long-term competitiveness, which in turn requires the development of its effectivedevelopment strategy.Range of application of results: economic science, the construction industry; research results can be applied in the economic andeducational activities.The basics of investment fair competition incorporated in the national legislation are considered. The tools of state regulation mechanismof investment competition are presented and the essence of market mechanism of investment competition regulation is outlined.

  • Issue Year: 1/2014
  • Issue No: 23
  • Page Range: 89-92
  • Page Count: 4
  • Language: Ukrainian