Proper investment activity involves: planning, analysis of the existing situation, taking risks into account and overcoming negative consequences. Pandemic shock has led to a significant reduction in investments in capital construction projects in Moscow and other cities. As a result, construction companies are forced to significantly reduce prices for the main types of goods offered, introduce additional loyalty program, provide discounts for their potential partners and make promotions. Average reduction in the cost of premium and business class objects in the capital amounted to almost 5–8%. Experts from the World Bank and IMF say that economy and normal social activity of citizens will recover in the next two years. It is clear that resumption of business activity will lead to a slow rise in property prices. Therefore, investors who have invested now in high risk objects at the stage of groundbreaking or the ground floor can get a maximum profit of 40–45% in two years, that is, 20% per year.
The reason for the additional costs of construction companies is often the incorrect selection of a supplier/contractor, as well as material overruns. How to optimize the work and avoid additional costs?
Any construction company, when starting its work, should receive a land plot for the construction. Issuing of such objects in the Russian Federation is carried out by the local government. Local government is considering an application from a construction organization for its compliance with the requirements of current legislation. If the documents don’t have any flaws, then the public authority after consultation with citizens living near this object can either provide property or refuse to satisfy the application. If local government provides a land plot for the construction, this automatically means that this authority will monitor the progress of all work.
Investment in property is a good investment. The owners receive these funds back, providing for the possibility of receiving rental payments from rent or property management. Cost per square meter in this combination still varies depending on a number of factors: type of property (commercial or residential); presence or absence of transport infrastructure. Potential income that a subject can receive per unit of time is estimated on the basis of various indices and analytical calculations. The most popular in this regard is the Case-Shiller index, which provides an estimate of the property value in the United States since 1890 (price of real estate at the end of the XIX century is taken as the basis). Analyzing this graph, we can draw the following conclusions: value of the property depends directly on possible geopolitical conflicts, economic crises, that is, everything happens with a certain degree of cyclicality (growth is replaced by recession). Since the end of the XX century situation on the Western real estate market has become more or less stable, which is also associated with the development of new forms of investment in real estate (such as work of funds involved in investing money in projects under construction).
The construction business uses two main forms of remuneration for employees who perform the main work processes in production: piecework-progressive and accord. Basic principles of organization of payments: information about payments is distributed to the team that receives special orders; the final assessment is based on information from the foremen. As a result, the organization’s labor costs are charged to accounts 20, 23, 25, and 28. The pay situation for administrative and technical staff is quite different. It is taken into account independently in each specific case, and time-based rates are applied. This means that the salary is calculated on the account 26 or 90. The entire amount paid is closed each month based on notional fixed expenses.
Many companies are faced with the need to reduce staff . It is important to consider that this procedure has a number of nuances. How to determine the amount of payments? What is the deadline for paying redundancy payments? In what cases can an employee claim payments for the 2nd and 3rd month after leaving? What is employer’s liability for non-payment of severance pay?
How to determine effectiveness of spending financial resources allocated to remuneration for work? What is the purpose of determining its effectiveness?
How to minimize the likelihood of an unscheduled inspection by representatives of the State Labor Inspectorate? List of the most common mistakes made by employers, that may cause liability, is presented.
When an employee is dismissed, the employer must make a full settlement with the employee: transfer salaries, bonuses and other payments, including compensation for unused leave. But how to correctly calculate the amount of compensation to the employee for unused leave upon dismissal? What nuances is it important to consider? What should one do if an employee used the leave in advance? Is it possible to fully deduct the excessively paid amount?
Workforce productivity in the current economic circumstances has a huge impact on the implementation of individual construction projects and development of industry as a whole. Despite this fact, majority of the construction companies do not pay due attention to this indicator. Lack of accurate data on workforce productivity causes difficulties in making managerial decisions. This contradiction can be eliminated by identifying factors affecting the growth rate of workforce productivity. A survey among the leaders of construction companies was conducted within the framework of this article, an assessment of its results made it possible to determine the most important criteria affecting workforce productivity. Organization of the correct introduction of this indicator will significantly increase financial and economic indicators of the construction company.
The article reveals one of the most common problems of the construction industry – level of competitiveness and mechanisms for increasing it. Almost all companies in the construction sector are faced with this problem, especially during the crisis, and, therefore, the topic remains relevant. The article presents mechanisms that can be used to increase competitiveness of a construction company as a synergy of two components.
The article explains the necessity to use layout and spatial arrangement, design solutions for optimizing design concepts made during investment and construction activities in the construction industry. Different design stages have been considered, directions for increasing efficiency of design solutions have been identified. Ways of using various solutions for the most optimal choice of building structures and materials are considered.
Many modern construction companies focus only on the economic indicators of their activities. But no less important criteria of social performance are neglected, which negatively affects productivity of workers reducing their engagement. This study presents analysis of the main directions for increasing social performance by management of construction organizations, criteria for its assessment are considered.
Unstable economic situation, multiplied by a difficult epidemiological situation, creates serious risks for any commercial organization: profit reduces, associated costs increase. Survival of a company in such conditions depends on its business model. The only possible way to improve the situation is to re-engineer the company. This scheme provides for a gradual restructuring of the company with a special emphasis on forecasting and overcoming risks (this is done by a special project management office), expanding creative potential of participants in the construction process, introducing best foreign management practices. Project management office (PMO) will allow not only to audit the quality of the constructed facilities, but also to monitor the work of employees in the workplace.
Advantages and disadvantages of competition. Competition features. Types of competition: perfect and imperfect. Competitiveness of the country, region, industry, company, product.
Most of the companies wondered about optimizing costs during the crisis. However, it is necessary to approach correctly to the identification of cost items, on which it is advisable to save, otherwise the result will be exactly the opposite. How to save resources during a crisis? What cost items should one pay attention to?
The article considers circumstances that can influence the process of implementation of construction works and their duration. The most common methods for determining the duration of construction are investigated. It has been found as a result of the study that modern regulations do not always take into account specifics of the construction work and may have errors in determining duration of the implementation of various construction processes. Recommendations on the mechanism for collecting statistical data on the duration of construction work by analogy with already implemented projects have been made on the basis of the study results.
The article presents evolution of statutory regulation of requirements for implementing specifications. Unambiguous correspondence between materials and products specified in the list and materials actually used during construction disappeared after state standard GOST 21.110-95 entered into force. New rules make it possible not to include certain types of materials and products in the lists, range of which the construction company can determine on their own. Thus, part of the materials may not be included in the lists, which leads to a discrepancy between the number of materials and products specified in the contract given in the basic documents. The study presents possible solutions to this problem both from the point of view of the organization of accounting and from the part of tax control.
