Current issues of improving the pricing system in construction in the transition period

Abstract

Introduction. The focus on transition to the input method of estimated cost accounting, demonstrated by the leaders of the construction industry, outlines the principal goals pursued in the process of improving the pricing system. The monitoring of prices for construction resources gains in importance. The research is based on the analysis of the construction industry’s current need for updated regulatory information and an improved pricing methodology. Materials and methods. A relevant problem of pricing, which is now quality-driven, has been solved by the construction industry amidst the strengthening role of government agencies. Presently, pricing is driven by the factors that characterize the course of an investment process, primarily, promoted by the customer. This methodology encompasses the assessment of pricing regulations with a required extent of generalization in terms of any submitted data. Results. The experiment conducted to assess the established pricing regulations in terms of special construction facilities has proven the maximal significance of factors, describing a construction project stage as a correlation between estimated and actual costs incurred by a construction company. Against the background of impeded introduction of changes into costing standards, a pool of solutions has been generated to monitor prices for construction resources and to generate price escalation models. Conclusions. The best methods used to adapt standard prices to actual costs of construction products should involve the monitoring of prices for the whole range of construction resources. Methodological problems are to be solved in a way that must improve the trustworthiness of estimated construction costs. The novelty and practical significance of this research stem from the analysis of the current development stage of the system of federal and industry-specific regulations and methodologies.