The article discusses the use of the methodology of reengineering in the investment-construction. The goals, tasks, various options for their solution, application areas of reengineering in construction are identified, as well as its basic principles and development directions are formulated in the article. In this regard, it is assumed, that practical use of reengineering methodology will contribute to the creating of the comfortable and safe living environment, as well as competitive advantages of the building construction organizations, aimed at the reduction of cost and terms of works realization, increase of productivity and production quality. Works of foreign and domestic scientists are used as initial materials on the research issues, and functional and structural analysis are taken as cognition methods. In this regard, a retrospective of reengineering is investigated, a definition of this concept and its qualifications (“capital construction facility reengineering”, “business process reengineering”, “technological process reengineering”) are given, and directions for use in the investment-construction activities are established. At the corporate level, there are three types of reengineering: business processes, technological processes and capital construction facility. The article presents the distribution of these types of reengineering on the timeline of the investment-construction, as well as the distribution of participants by types of reengineering, the volumetric nature of reengineering is noted. It is shown, that a specific type of reengineering is the reengineering of territories and buildings and possible directions of its impulse are presented. Considering the sectoral level as the highest level in the hierarchy, the possible options for initiating reengineering “top-down” and “bottom-up” are established, and factors influencing this process are identified.