CONSTRUCTION MARKET OF SMOLENSK REGION DURING THE PERIOD FINANCIAL CRISIS AND PANDEMIC IMPACT

Abstract

The study examines the features of the development of the construction industry at the regional level, defines the main parameters of the state and the prospects for its further functioning. The factors influencing the current trends in the development of the construction industry, threats and main problems, especially in the context of the global economic crisis and pandemic, are identified. A survey of the state of the material and technical base of construction companies and the level of their competition was carried out, as well as a survey of industry entrepreneurs on changes in the level of their economic activity and the prospects for the formation of a construction portfolio. On the basis of this, measures were proposed to improve the regulation of the construction market in the context of the economic crisis and pandemic. The main conclusion of the study is that the only condition for effective development and recovery to the pre-crisis level of the economy of the regions and its industries, including construction, in a lockdown is full government regulation, financing, nationalization and financial, legal, diplomatic, information protection from external negative impact globalization and crisis. Purpose. The goal is to assess the state of the construction market in the region, identify problems and threats and propose measures to regulate it in the face of a lockdown, sanctions, economic crisis and pandemic. Methodology: the article used methods of comparison, survey, index, graphic, methods of statistical and factor analysis. Results: the main problems and threats to the construction market were identified, recommendations were given for their neutralization in the context of the economic crisis and pandemic. Practical implications: the results obtained should be applied to select the optimal management solution when working out a development strategy for a regional construction company.

Keywords

• construction
• region
• market position
• threats
• strategy
• swot analysis
• volume of construction work
• portfolio of orders
• index of entrepreneurial confidence