MODERN CONCEPTUAL APPROACHES TO THE STATE REGULATION OF SOCIO-ECONOMIC RELATIONS IN CONSTRUCTION

Abstract

This article defines and analyzes modern approaches to state regulation of the construction industry, which enables to reveal the main tendencies of the state regulatory system’ development of the construction industry and form priority direction of the modern economic policy of the state in this area. The authors consider mechanisms of state regulation of socio-economic relations in construction, characterized by strategic and tactical planning, as well as timely monitoring. The article defines approaches to the socio-economic relations in construction’ regulation, as follows: deregulation of business activities, decentralization of construction management, regional development and development of local communities, the transition from functional to project management, project management based on the risk management principles, etc. Applying the deregulation approach will contribute to creating a construction fiercely competitive environment. The decentralization will result implementation of joint construction projects by communities and improve the infrastructure. Under regional development and local communities’ development, the provision of housing evolution is observed at the regional and local levels as a result of the housing construction progress. The article determines that the introduction of a project-oriented approach is a pressing issue. The use of a systematic approach to identifying the risks’ causes and the optimal methods selection for assessment will allows for more effective project management in the construction.

Consequently, nowadays, there is a growing need for a systematic application of modern approaches to the regulation of socio-economic relations in construction and the timely monitoring of the industry, which will facilitate choosing the principal directions to streamline the industry.