Development of analytical tools for assessing the performance of construction organizations based on the cost management concept

Abstract

The activities of construction companies are characterized by high resource and capital intensity of products. There are many standards regulating the quality of construction products and technological processes. In addition, construction is characterized by high risks, unstable cash flows, dependence on many external factors inherent in an unstable economy. To ensure sustainable development, it is necessary to have an analytical toolkit focused on the constant search for reserves and capable of systematically and comprehensively reflecting all the problems of the organization. The modern system of complex analysis of economic activity, applied methods and indicators, in general, meet the requirements. This also applies to the methods of rating assessment of companies. According to the authors, it is necessary to improve the system by applying the market capitalization indicator. It requires an annual valuation of the company. The system of business valuation methods reflected in the valuation standards and works of domestic economists requires adaptation to the specifics of construction companies. The article considers the peculiarities of construction activity from in terms of assessing the market value of the company, analyzes approaches and methods of valuation, reveals the peculiarities of application in construction.

Keywords

• analytical system of construction organizations
• main subsystems
• directions of development
• cost management concept
• specifics of construction business valuation
• valuation methods