PRICES OF INFRASTRUCTURE PROJECTS AND FACTORS OF THEIR DEVELOPMENT IN TODAY’S SURROUNDINGS
https://doi.org/10.21686/2413-2829-2020-1-48-55
Abstract
Today we face the necessity to raise efficiency of infrastructure building. One way to resolve the problem is to design the theoretical foundation of price-making for infrastructure projects. The article studies price-making of infrastructural projects in construction industry in times of weak economic growth, intensifying sanction pressure, economic and political uncertainty. The research is based on methodology of system approach to information generalization, which is obtained from academic sources, analysis of trends of construction industry development. By reviewing Russian and overseas sources the essence and functions of prices of infrastructure building projects were identified. The algorithm of stage making of these prices was shown. The hierarchical system of the life cycle of price-making for infrastructural projects was built on the basis of the international standard ICMS (The International Construction Measurement Standards). The author studied factors of price-making for infrastructural projects. According to the author, price-making for infrastructural project is stipulated by orientation to implementation of the complex plan of modernization and extension of main infrastructure. Designing the theoretical base could provide an opportunity to integrate the practice of infrastructure project implementation into it. The author gives
recommendations on further researching the prices for infrastructural projects with regard to different scenario of
economic conditions.
recommendations on further researching the prices for infrastructural projects with regard to different scenario of
economic conditions.
About the Author
N. N. Lavrova
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Natalia N. Lavrova - Post–Graduate Student of the Department for Finance and Prices
36 Stremyanny Lane, Moscow, 117997, Russian Federation
References
1. Antonyan O. N., Soloveva A. S. Mekhanizm formirovaniya stoimosti stroitelnoy produktsii na razlichnykh etapakh investitsionnogo tsikla, monografiya [The Mechanism of Formation of the Cost of Construction Products at Various Stages of the Investment Cycle, monograph]. Volgograd, VolgGTU, 2018. (In Russ.).
2. Katukov D. D., Malygin V. E., Smorodinskaya N. V. Faktor sozidatelnogo razrusheniya v sovremennykh modelyakh i politike ekonomicheskogo rosta [Factor of Creative Destruction in Modern Models and Policies of Economic Growth]. Voprosy ekonomiki [Economic Issues], 2019, No. 7, pp. 95–118. (In Russ.).
3. Lavrova N. N. Tsenovaya politika v sovremennykh usloviyakh [Price Policy in Modern Conditions]. Materialy Vserossiyskoy nauchno-prakticheskoy konferentsii «Finansovaya triada: gosudarstvennye, korporativnye i lichnye» [Materials of the All-Russian Scientific and Practical Conference "Financial Triad: State, Corporate and Personal"]. Moscow, FGBOU VO «REU im. G. V. Plekhanova», 2019, pp. 40–45. (In Russ.).
4. Pozdnyakov V. B. Mekhanizm i metody otsenki stoimosti stroitelstva na razlichnykh stadiyakh realizatsii investitsionno-stroitelnogo proekta. Avtoref. diss. kand. ekon. nauk [Mechanism and Methods for Assessing the Cost of Construction at Various Stages of the Investment and Construction Project. PhD econ. sci. abstract diss.]. Saint Petersburg, 2008. (In Russ.).
5. Berawi M. A. Analysis of Life Cycle Cost and Public-Private Partnership in the Development of Walini City as Technology Park. International Journal of Technology, 2018, Vol. 9, Issue 7, December 1, pp. 1469–1479.
6. Commonwealth of Australia. National Framework for Traditional Contracting – Topic Specific Guide 2, Project Budgets in Business Cases, 2015 [E-resource]. Available at: https://www.infrastructure.gov.au/infrastructure/ngpd/files/NFTC_TSG2_Project_Budgets.pdf
7. Dobes L. The Oxford Handbook of Megaproject Management, by Flyvbjerg, Bent (Oxford University Press, Oxford, 2017). Economic Record, 2018, Vol. 94, Issue 304, pp. 102–104 [E-resource]. Available at: https://doi.org/10.1111/1475-4932.12390
8. European Commission. Report: Supporting digitalisation of the construction sector and SMEs, 2019 [E-resource]. Available at: https://ec.europa.eu/docsroom/documents/37923
9. Flyvberg B., Holm M. S., Buhl S. Underestimating Costs in Public Works Projects: Error or Lie? Journal of the American Planning Association, 2002, Vol. 68, Issue 3, pp. 279–295.
10. Hillman J. E. How Big Is China’s Belt and Road? Blog post, Center for Strategic and International Studies. Washington, DC, 2018, April 3 [E-resource]. Available at: https://www.csis.org/analysis/how-bigchinas-belt-and-road
11. Lotty M. Five lessons in infrastructure pricing from East Asia and Pacific. Blog post, 2018, March 29 [E-resource]. Available at: https://blogs.worldbank.org/eastasiapacific/five-lessonsin-infrastructure-pricing-from-east-asia-and-pacific
12. Тhe International Construction Measurement Standards Coalition (ICMSC), Global Consistency in Presenting Construction and Other Life Cycle Costs, 2nd edition, 2019 [E-resource]. Available at: https://icmscblog.files.wordpress.com/2019/10/internationalconstruction-measurement-tandards-2nd-edition.pdf
Review
For citations:
Lavrova N.N. PRICES OF INFRASTRUCTURE PROJECTS AND FACTORS OF THEIR DEVELOPMENT IN TODAY’S SURROUNDINGS. Vestnik of the Plekhanov Russian University of Economics. 2020;1(1):48-55. (In Russ.) https://doi.org/10.21686/2413-2829-2020-1-48-55
Views:
403
Email this article 