REFORMING THE PRICING SYSTEM IN CONSTRUCTION THROUGH THE PERSPECTIVE OF PUBLIC INVESTMENT PROJECTS
DOI:
https://doi.org/10.15407/econlaw.2025.03.055Keywords:
pricing in construction, budget funds, estimated cost, indirect cost, public investments, adaptive model, state regulationAbstract
The article analyzes the current state of the pricing system in the construction sector in Ukraine in the context of the impact of military challenges and state regulation. The key problems of the current pricing system in construction in the implementation of public investment projects are considered.
The gap between the regulatory and market cost of construction is investigated, the reasons for the inefficient use of budget funds in the implementation of public investment projects are identified. Conflicts in the regulatory framework are revealed, the results of the audit of the Accounting Chamber are analyzed, and the absence of legal liability for violation of budget norms is determined.
The need to reform the pricing system is substantiated in order to ensure transparency, accountability, efficiency of state spending in the field of capital construction and the adaptability of the pricing system to modern conditions.
It is substantiated that the current system of indirect indicators without sanctions and mandatory control mechanisms is a weak form of state regulation. Amendments to the Law of Ukraine “On Prices and Pricing” are proposed, which provide for the introduction of mandatory justification for exceeding the indirect cost of construction for budget funds, strengthening the role of construction expertise and audit. The prospects for implementing an adaptive pricing model with dynamic updating of the estimate base based on weighted average market data, integration of indexation contracts and creation of a state price index in construction are shown. Such a model is able to ensure transparency and accuracy of budgeting, reduce corruption risks and increase the efficiency of public investments.
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