Postgraduate student
Loktionova Y.F
Kiev National
University of Civil Engineering and Architecture
FEATURES OF THE FORMATION OPERATIONAL TECHNOLOGIES
OF ECONOMIC DIAGNOSTICS OF ENTERPRISES IN CONDITIONS OF INSTABILITY (FOR
THE
ENVIRONMENT OF CONSTRUCTION PROJECTS)
Traditional
approaches to the economic appraisal
of real investment
and the relevant
procedures for building a portfolio of construction projects are mainly
focused on identifying the profitability of the projects and
their comparison in time with
the costs during the phases
and stages of the investment
cycle. However, the most important
requirement is to minimize the
state share in the total
volume of investments, maximize the functional and technological and social effects,
ensure long-term profitable operation of facilities and
stable revenue to the budgets
of all levels
- which is the basis. the
introduction of PPP - is left out
of traditional approaches. At the same time,
due consideration is not given
to the requirements
for the current
value of unfinished construction investment projects, the investor's solvency and the
reliability of the leading executor
are not assessed.
Adaptation to the Eurovision of the construction
investment system and the need
to implement infrastructure and social projects on the basis
of PPP requires the creation of
a new system of criteria for
the economic evaluation of projects.
Creation of such a system for
evaluating projects aimed at identifying
the significant advantages of state
participation (at the institutional, regional or municipal
level) in investing construction projects on the
basis of PPP determines the novelty of the
content and calculation and analytical base of the created
construction model in the format
of ÂÎÎÒ-concessions.
The
model introduces an innovative, economically rational and investment-oriented approach to the formation
of the PPP investment program, which systematically assesses the need
for individual projects for social
needs, their profitability and resource management for all institutional
agents, the most suitable for
the state as a co-investor, the structure of
sources of funding, as well
as general, emer- gent, efficiency of the project
implementation and programs for the
state as an entrant.
The new criterion
and calculation-analytical basis
of the model
are 25 reflectors - indicators, structured according to 5 groups of compromise
priorities, which reflect requirements in the person
of the head
of the
Coordination-administrative center within the OSU (operational control system) with respect
to such different
contents of the characteristics of the project
as :
• First of all,
functional and technological and marketing needs of products and
services from the subsequent exploitation of the project and
services, which caused, first of
all, the initiation of the
project implementation on the basis
of PPP;
• the current and
final returns of the project
at different stages of its
life cycle for all participants;
• volume and structure
of project assets and sources
of investment (ratio of shares
of institutional agents);
• the dynamics of
the expert-evaluated project
cost and its correlation with the estimated
cost of the
project throughout the project cycle
(duration of the PPP agreement);
• The state of
absolute and relative financial sustainability of institutional agents and the developer
of the project
was diagnosed according to the
previous history of management;
• The same, weighted
average number of years of
solvency of private institutional agents.
The BOOT model implements a change in the requirements
system for a preliminary economic feasibility study of construction investment projects and an appropriate
update of their economic appraisal models.