The Functioning Mechanism of the System of Legal Incentives and Restrictions in the Investment Policy of the Construction Sector

Abstract

The legal incentives and restrictions regulating investment activities in the construction industry were analyzed. Russia’s current civil law governing construction matters is inadequate for the turbulent economic times. While construction and other related contracts provide general solutions to the urgent tasks, they still fail to offer clear guidelines for navigating the relations amid the changes triggered by the global events such as sanctions or other unilateral coercive measures. This study considers the prospects for improving the existing legal regulations in the construction industry by creating flexible and convenient contractual means to support the economic relations between different entities.

Keywords

• investment legislation
• incentive system
• construction sector
• contractual proformas
• information modeling technologies