Effective management of investment and construction projects is associated with the problem of cost estimation. The guidelines for the construction products’ determining prices disclosing methods have been developed. However, in practice, the investor estimates, which is an important condition, but not sufficient are used as basic. The need for an accurate calculation of the investment construction project cost for both the investor and the contractor dictates the new requirements for finding approaches to the materials’ systematization, as well as streamlining the procedure for calculating the construction products’ price. At the pre-investment stage of design, cost optimization should be carried out by calculating the capital investments using the aggregated indicators. In this situation, priority attention should be directed to rationing and labor costs. The calculation of probable labor costs for a certain period will make it possible to increase the validity of the decisions taken at the initial stage of the investment construction project’s development. Today it is necessary to develop a new approach to the issue of calculating labor costs in construction, which, on the one hand, will determine the amount of labor costs and production efficiency, and on the other hand, make an investment and construction project attractive in modern market conditions.

The problems associated with cost management become especially acute and urgent in modern competitive environment. These issues are much more relevant for the construction industry than for other industries, since the costs and expenses on the construction products are much higher than those of other industries. Cost management is an excellent tool for the development and justification of many diverse management decisions, which can be associated not only with reduction, costs optimization or product pricing, but also with the production program of the enterprise, and in some cases with the organizational structure of enterprise management. However, the current cost management tools are currently poorly adapted to the Russian conditions and the Russian mentality and practically are not adapted for construction. This is the relevance of the chosen research topic. The methodology developed by the author for sharing the enterprise total costs into fixed and variable components will make it possible to quickly and inexpensively obtain the initial data for the use of existing and non-adapted Western tools for domestic enterprises in modern market conditions. Also, any classification is the additional information that gives an opportunity to more thoroughly and accurately examine the selected object, which in our case is the cost.

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