Analysis of financing mechanisms for the digital transformation in construction sector

Abstract

Digital transformation of the construction sector is one of the key tasks in the development of the digital economy both in Russia and abroad. However, at present, the digital transformation of the construction sector is carried out at an insufficient pace due to the lack of an effective mechanism for financing this process in construction. In this article, we have collected and analysed data on financing mechanisms for digital transformation projects in the construction sector in the European Union, China, India, UAE, as well as in Russia. As a result of this study, we substantiate the relevance of improving the mechanisms to finance digital transformation projects in the construction sector and substantiate the dependence of the pace of digital transformation in the construction sector on the level of development of the mechanism for financing the digital transformation process.