Three-block model of contracting "subject of the contract – organizational structure of construction – risk distribution"

Abstract

The work contains the results of developing the contracting model for the enterprise of the full investment and construction cycle, depending not only on the subject of the agreement, but also on the organizational structure of construction and risk allocation.

The wide range of services that need to be implemented by the company of the full investment and construction cycle, as well as the variety of organizational forms of implementation of this process lead to varying degrees of uncertainty in each case. This often hinders the formalization of contracts between the participants in the construction. Therefore, it is important to develop a tool for contracting, which includes assessing the organizational structure of construction and emerging risks. A compact and adequate model for this was not found in the studied sources.

As a result of research it is established that the existing approaches to the contractштп determine the subject of the agreement as the main factor. The analysis of risk classifications in construction allowed to offer an approach based on the allocation of risks of internal and external environment with the distribution of responsibilities between managers and contractors. The developed classification of possible contract subject in construction made it possible to establish that one of the main factors of pricing, managing the implementation of the agreement and reducing the impact of risks, is the choice of measurement of the contract subject: the ratio of costs and revenues of the contractor / hours worked / physical unit of measurement of work performed. Both classifications served as a basis for the development and use of a three-block contracting model: the definition of the contract subject and its characteristics; determination of the organizational structure of construction as an external environment for the agreement implementation; formalizing the distribution of risks by establishing a legal scheme and pricing as tools for agreement managing. The introduction of such an instrument will reduce the excess cost of covering risks and accelerate capital turnover in the execution of transactions.