Construction and Real Estate Markets: From Crisis to Growth

Abstract

⎯The paper assesses the growth prospects of the construction and real estate markets. The extent to which the construction industry is prepared for effectively participating in the transformation of the structure of capital funds in the national economy is considered. Proposals are made to overcome the contradictions between the requirements for modernizing the real estate market and the insufficient readiness of the construction sector for quality growth.

Совершенствование Методов Определения Стоимости Проектных Решений На Ранних Этапах Реализации Инвестиционно-Строительных Проектов

“…It is important that when working out design solutions, all stages of the implementation of an investment and construction project are studied and options for choosing design solutions are evaluated in terms of their impact on the cost and revenue side of the project (economic efficiency). In socially significant projects, economic efficiency is not the only and sufficient condition for the implementation of the project: budgetary and public efficiency are also allocated, which also affects the choice of design solutions 8 [10,11,24,25]. However, a significant limitation for the implementation of the project is its cost, hence such close attention to decisions that directly affect it.…”

Methods for Controlling the Cost of Construction Projects Based on Aggregated Groups of Indicators

“…The issue of implementation of TIM (technology of information modeling) and automation of calculations is raised. At the same time, the analysis of the works shows that the process of determining the objective cost itself requires the management of the stage of creation, clarification, updating of normative or reference elements of the cost of the object [9,10,12,14]. It is the methodological approach of determining the components of the cost of the object at the pre-investment stage and applying them in an updated form to calculate the final cost of the object for the implementation of construction works that becomes demanded in practical conditions.…”

Blockchain in construction logistics: state-of-art, constructability, and the advent of a new digital business model in Sweden

“…• Lateral integration of blockchain within existing processes and frameworks in the construction project lifecycle, namely within procurement (Barima, 2017;Wang et al, 2017;Kamenetskii & Yas'kova, 2018;Navadkar et al, 2018), process re-engineering through digitalization (Belle, 2017;Polim et al, 2017;Coyne & Onabolu, 2018;Gausdal et al, 2018;Klyukin et al, 2018), setting the goals of strategic innovation (Graglia and Mellon, 2018), knowledge management (Piraquive et al, 2017), and logistics and supply chain management (Wang et al, 2017;Dobrovnik et al 2018;Rubio et al 2018). The efforts following this dimension mainly address the problem of process automation and optimization, as well as the effect of mitigating the human intervention in such processes.…”

“…Within the construction sector, and following earlier considerations on the transparency of information access and management in construction projects (Craig & Sommerville, 2006), and the improvement of the contractual and procurement procedures (Eriksson & Lind, 2016), blockchain has been researched both in terms of theoretical understanding and practical implementation (Barima, 2017;Belle, 2017;Turk & Clink, 2017;Wang et al, 2017;Kamenetskii & Yas'kova, 2018;Klyukin et al, 2018;Li et al, 2018Li et al, ,2019aNavadkar et al, 2018). However, the use of blockchain for the integration of the material and economic flows within the production process of a construction project has yet to be investigated.…”