Economic and Analytical Innovations in Ensuring the Interaction of Construction Stakeholders in Public-Private Partnership Projects

Abstract

This article presents the peculiarities of the development of public-private partnership (PPP) projects, types and forms of PPP models used, as well as identifies current problems and obstacles to the implementation of PPP and provides recommendations for overcoming them in the construction industry of Ukraine. The main features and areas of application of PPP have been previously identified. It is emphasized that an important prerequisite for motivating the private sector to join a public-private partnership is compliance with clear legal formal rules in the institutional system. Attention is paid to the improvement of the process of formation and implementation of investment strategy by enterprises of the construction industry, substantiation of theoretical and instrumental procedures of the process of development and adoption of investment decisions at the regional level. The structural-functional method of scientific analysis used in the study allowed to determine that the PPP management system is a complex of structural elements of the national economy, united by various, specific in content, connections and relationships due to mutual integration of interests, responsibilities and risks. This system contains institutions, processes, economic levers of purposeful influence and incentives that create the conditions for a motivated effective partnership between the state and private business structures. The issues of investment management on the development and implementation of organizational and economic mechanism for the implementation of investment and construction projects on the basis of PPP are considered. This requires urgent implementation of mechanisms of organizational and economic changes for the forced development of domestic construction companies, taking into account international achievements in this field of activity and national economic interests; ensuring close intersectoral interaction of construction stakeholders and structural transformations in accordance with the requirements of PPP projects.

Management tools for the public-private partnership model of construction enterprises

“…In the last decade, more complex PPP projects have emerged, especially in terms of transport, education and science, sports facilities, government buildings, health development, and social security. As noted in the works of Hryhorenko et al (2020), Kruhlov (2021), within the strategic development framework, the key to a successful innovative development program is the best price-quality ratio, which includes: (1) risk distribution; (2) maximum possible gain from efficiency, knowledge, skills, flexibility, and innovations of the private sector; (3) the principle of maintaining the integrity of public service provision and the accessibility of public goods; (4) the principle of transferring expert and professional knowledge from the private to the public partner. The lack of scientific and professional research in the field of PPPs, as well as the absence of possible evaluation criteria, was the main reason that prompted the analysis of potential evaluation criteria for PPPs in construction enterprises using the method of evaluating the preliminary stage of PPP projects, as well as the stages of their implementation, control, and monitoring.…”

Untitled

“…In the last decade, more complex PPP projects have emerged, especially in terms of transport, education and science, sports facilities, government buildings, health development, and social security. As noted in the works of Hryhorenko et al (2020), Kruhlov (2021), within the strategic development framework, the key to a successful innovative development program is the best price-quality ratio, which includes: (1) risk distribution; (2) maximum possible gain from efficiency, knowledge, skills, flexibility, and innovations of the private sector; (3) the principle of maintaining the integrity of public service provision and the accessibility of public goods; (4) the principle of transferring expert and professional knowledge from the private to the public partner. The lack of scientific and professional research in the field of PPPs, as well as the absence of possible evaluation criteria, was the main reason that prompted the analysis of potential evaluation criteria for PPPs in construction enterprises using the method of evaluating the preliminary stage of PPP projects, as well as the stages of their implementation, control, and monitoring.…”