Problem of optimizing capital investments in chemical and petroleum machinery construction industry branch

1973 ◽  
Vol 9 (8) ◽  
pp. 742-746
Author(s):  
L. V. Alievskaya ◽  
G. S. Popova ◽  
A. D. Shapiro
Keyword(s):  
Construction Industry ◽  
Capital Investments ◽  
Machinery Construction ◽  
Petroleum Machinery

scholarly journals MAIN DIRECTIONS OF INNOVATION DEVELOPMENT OF THE CONSTRUCTION INDUSTRY

2020 ◽  
Vol 35 (1) ◽  
pp. 135-143
Author(s):  
M.T. Sultanov ◽  
◽  
N.A. Evstafiev ◽  
Keyword(s):  
Construction Industry ◽  
Economic Efficiency ◽  
Innovative Development ◽  
Capital Investments ◽  
Design Decisions ◽  
Innovation Development ◽  
Innovative Technologies ◽  
Factors Influencing ◽  
Industrial Buildings ◽  
The Moment

The economic efficiency of construction, use and maintenance of civil and industrial buildings and structures is determined primarily by the use of innovative technologies from the moment of making design decisions at the stage of preparing capital investments. The paper identifies the main directions of innovative development of the construction industry. The analysis of innovative development of construction is carried out and the factors influencing innovative development of the industry are estimated.

scholarly journals A Survey of the Prevalent Forms of Corruption in the Construction Industry in Botswana

2017 ◽  
Vol 9 (1) ◽  
Author(s):  
Oscar Legae ◽  
Aderemi Adeyemi
Keyword(s):  
Construction Industry ◽  
Rank Order ◽  
Capital Investments ◽  
Construction Process ◽  
Order Analysis ◽  
Planning And Design ◽  
District Council ◽  
Southern District ◽  
Economic Developments ◽  
Prevalent Form

The Construction industry is contributing immensely towards social and economic developments around the world. However the industry is susceptible to corrupt practices because it involves substantial capital investments. Every phase of the construction process: planning and design, pre-qualification, tendering, project execution, operation and maintenance is attractive to corruption. The effects of corruption are quite substantial in terms of quality, time and cost of a project. The objective of this study was to identify the most prevalent form of corruption in the Construction industry in Botswana. The study was quantitative and conducted through literature review on the topics related to corruption in the Construction industry followed by questionnaire survey. A total of 81 questionnaires were distributed among the relevant employees of the Directorate of Building and Engineering Services (DBES), Southern District Council (SDC) and contracting organizations. Sixty properly filled questionnaires were returned giving a response rate of 74.07%. Cronbach's Alpha equals 0.939 for the entire questionnaire which indicates an excellent reliability of the entire questionnaire. Rank-order Analysis was performed to examine the professionals’ perceptions of the most prevalent form of corruption in Botswana’s construction industry The results indicate that bribery in form of cash inducement, gifts, favors, and kickbacks rank highest (RII= 0.65) and constitute the most prevalent form of corruption in Botswana’s construction industry.

scholarly journals INNOVATIVE MODELS OF RESTRUCTURING PROCESSES INFRASTRUCTURAL ENTERPRISES

2019 ◽  
pp. 19-28
Author(s):  
V. KISTION
Keyword(s):  
Strategic Management ◽  
Construction Industry ◽  
Financial Support ◽  
Optimal Number ◽  
Capital Investments ◽  
Conceptual Basis ◽  
Enterprise Restructuring ◽  
Construction Enterprises ◽  
Restructuring Process

Purpose. In the article substantiate the expediency of application of the restructuring process in a specialized infrastructure cluster of construction enterprises. Methodology. Taking into account all the specifics of the functioning of infrastructure enterprises and the fund-creating role of the construction industry, it is expedient to realization of the infrastructure scheme of the restructuring process. To solve the problem a scheme has been developed that includes the main stages of the restructuring process which correspond and correlate with the technological features of the functioning of infrastructure enterprises in the construction industry. The directions of restructuring determining the technological optimization functional of a particular enterprise or a group of certain region companies are determined. Findings. The analysis of the operational and strategic management of production, the way to develop and make organizational for decisions is preceded for the restructuring. It is also important to take into account the prospects for renewal and improvement of quality, which precedes for the modernization of production and changes in the structure of capital investments, the transformation of the management system. The new management structure should ensure the optimal number of production units, the hierarchy, the balance of the processes of renewal and maintaining the number of personnel. State financial support for restructuring should be make available only to those enterprises that really have the opportunity to provide financing for non-commercial or non-governmental sources. Originality. It was revealed that commercial enterprises, representing potentially profitable commercial projects, under no circumstances should be considered as objects of state support. Practical value. An infrastructure scheme of enterprise restructuring has been developed, which allows taking into account a number of basic conceptual basis of this process.

scholarly journals INNOVATIVE DIRECTIONS OF THE RESTRUCTURING PROCESS OF CONSTRUCTION ENTERPRISES OF INFRASTRUCTURAL TYPE

2017 ◽  
pp. 13-19
Author(s):  
V. E. KISTION
Keyword(s):  
Strategic Management ◽  
Construction Industry ◽  
Financial Support ◽  
Optimal Number ◽  
Capital Investments ◽  
Conceptual Basis ◽  
Enterprise Restructuring ◽  
Construction Enterprises ◽  
Restructuring Process

Purpose. In the article substantiate the expediency of application of the restructuring process in a specialized infrastructure cluster of construction enterprises. Methodology. Taking into account all the specifics of the functioning of infrastructure enterprises and the fund-creating role of the construction industry, it is expedient to realization of the infrastructure scheme of the restructuring process. To solve the problem a scheme has been developed that includes the main stages of the restructuring process which correspond and correlate with the technological features of the functioning of infrastructure enterprises in the construction industry. The directions of restructuring determining the technological optimization functional of a particular enterprise or a group of certain region companies are determined. Findings. The analysis of the operational and strategic management of production, the way to develop and make organizational for decisions is preceded for the restructuring. It is also important to take into account the prospects for renewal and improvement of quality, which precedes for the modernization of production and changes in the structure of capital investments, the transformation of the management system. The new management structure should ensure the optimal number of production units, the hierarchy, the balance of the processes of renewal and maintaining the number of personnel. State financial support for restructuring should be make available only to those enterprises that really have the opportunity to provide financing for non-commercial or non-governmental sources. Originality. It was revealed that commercial enterprises, representing potentially profitable commercial projects, under no circumstances should be considered as objects of state support. Practical value. An infrastructure scheme of enterprise restructuring has been developed, which allows taking into account a number of basic conceptual basis of this process.

scholarly journals ASSESSMENT OF IMPACT FACTORS AFFECTING ENTERPRISE PERFORMANCE IN THE UKRAINIAN BUILDING CONSTRUCTION SECTOR

2021 ◽  
Vol 2 (37) ◽  
pp. 142-150
Author(s):  
S. Demydenko ◽  
V. Demydenko
Keyword(s):  
Construction Industry ◽  
Capital Investment ◽  
Jel Classification ◽  
Impact Factors ◽  
Enterprise Performance ◽  
Capital Investments ◽  
Economic Market ◽  
Factors Affecting ◽  
Construction Enterprises ◽  
Investment Volume

Abstract. This research focuses on the current state of the Ukrainian construction industry. Part of the aim of the study is to evaluate progress in the construction economy through analysing both the GDP dynamics in the construction industry and overall country’s GDP. The authors prove that both Ukraine’s overall GDP and the GDP of the construction industry tended to increase in 2015—2017, however, the fluctuation observed in the share of construction industry in the GDP structure was insignificant. It has been determined that the construction industry performance is preconditioned by the country’s economic development and, on the other hand, they influence the development and potential of enterprises that belong to other industries. The study examines performance of the construction industry enterprises’ activities. Despite an increase in the economic indicators that have been observed over past few years, these activities are unprofitable. 2018 witnessed a decline in the index of construction products in general as well as of several their types. It has been established that the development of construction industry and its condition depend on various factors, the influence of which is a result of interaction between economic, market, technological, political and social processes. The volumes and structure of capital investments in construction have been estimated. The study has proved that investment volume is a significant external factor, through which the enterprises of the construction industry are financed. The economic factors and their influence on volumes of executed construction works have been investigated; the importance of considering the specific features of the industry while studying the degree of impact exercised by the factors, is justified. The directions in which the efficiency of the construction enterprises’ activities should expand are studied; besides, ways of overcoming major problems in the branch are described. Keywords: construction industry, capital investment, impact factors, enterprise performance, resources. JEL Classification L74, M41 Formulas: 0; fig.: 0; tabl.: 5; bibl.: 11.

scholarly journals FORMATION OF THE SYSTEM OF INVESTMENT INDICATORS IN THE FINANCIAL STATEMENTS OF CONSTRUCTION ENTERPRISES

2020 ◽  
Vol 288 (6) ◽  
pp. 17-19
Author(s):  
K. Honchar ◽  
◽  
O. Romanova ◽  
Keyword(s):  
Staff Development ◽  
Construction Industry ◽  
Financial Reporting ◽  
Financial Statements ◽  
Capital Investments ◽  
Construction Enterprises ◽  
Construction Companies ◽  
New Information ◽  
Potential Benefits ◽  
Sound Management

The economic situation of our state requires adequate decisions on the direction of investment processes to achieve a positive economic and social effect. Making sound management decisions is impossible in the case of distorted information about economic, including investment activities of the enterprise. Topical issues of information on investments in the reporting of construction companies were investigated The article presents the results of a study on the issue of disclosure in the reporting of construction companies of information on investments in scientific and practical publications of Ukraine for 2006-2020. As a result, we concluded that this issue remains unresolved and therefore is relevant. The purpose of this article was to systematize and summarize the results of research on accounting issues to disclose information about investments to improve the system of indicators of financial reporting on investment activities of economic entities in the construction industry. The article proposes to reflect the costs of staff development, modernization and implementation of new information systems in accounting and financial reporting as part of intangible assets under the following conditions: potential benefits, availability of control and the possibility of monetary measurement. Recommendations for improving the accounting and analytical support of management of construction companies with information about the volume of capital investments and sources of their financing are provided.

Current State of Highway Projects Planning and Scheduling

2014 ◽  
Vol 5 (4) ◽  
pp. 50-67 ◽  
Author(s):  
Sunil Sharma ◽  
V. K. Bansal ◽  
Raman Parti
Keyword(s):  
Construction Industry ◽  
Capital Investments ◽  
Literature Study ◽  
Planning And Scheduling ◽  
Highway Projects ◽  
Current State ◽  
Linear Scheduling ◽  
Scheduling Method ◽  
Computer Based ◽  
Tools And Techniques

Highway projects involve huge capital investments and prolonged durations. A number of researchers have developed various computer-based tools and techniques to help planners prepare plans and schedules based on their specific needs. CPM is the predominant scheduling method used in construction industry. However, its inability to efficiently plan and schedule repetitive projects such as highways has widely been recognized. Linear scheduling method on the other hand, was specifically designed and developed for repetitive projects. The aim of this paper is to study various planning and scheduling methods discussed in the literature and evaluate their suitability for highway projects. On the basis of literature study, location based planning utilizing linear scheduling method seems to be the most logical and efficient way of planning highway projects for various reasons discussed in the paper. It is however a new concept and therefore has limited use in practice.

scholarly journals PROBLEMS IN FORMING COST ESTIMATES FOR CONSTRUCTION INDUSTRY

2016 ◽  
Vol 4 ◽  
pp. 179-186
Author(s):  
Sergey Oparin ◽  
Nikolay Chepachenko ◽  
Marina Yudenkо
Keyword(s):  
Construction Industry ◽  
New Technologies ◽  
The United States ◽  
Capital Investments ◽  
Construction Costs ◽  
Cost Estimates ◽  
Construction Companies ◽  
Construction Organizations ◽  
The Cost ◽  
Competitive Pricing

Problems of forming cost estimates for the construction industry is relevant in Russia, where many construction organizations face the issue of a current pricing system that does not consider new technologies in construction. This leads to underestimations of costs in construction and limits opportunity for competitive pricing between construction companies. This article aims to provide recommendations for improving reliability in calculating construction costs and enhance efficiencies in capital investments by construction participants. The article provides an analysis of the existing system of pricing in construction, and the peculiarities of the system of pricing in both Russia and the United States. Results indicate the need for expediency in applying certain provisions of the foreign system into that of Russia’s for determining the cost of construction. These measures would help minimize the presence of contractors in the construction market who do not actually perform the construction and installation work on their own, and to achieve the desired level of profitability of 8 to 10%.

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