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Formation of the Mechanism for Risk Management of Construction Projects on the Basis of Compensatory Technology of «Tax Increment Financing»
Pokolenko V. О., Klymchuk M. M., Ilina T. A.

Pokolenko, Vadym О., Klymchuk, Maryna M., and Ilina, Tetiana A. (2019) “Formation of the Mechanism for Risk Management of Construction Projects on the Basis of Compensatory Technology of «Tax Increment Financing».” Business Inform 2:218–223.
https://doi.org/10.32983/2222-4459-2019-2-218-223

Section: Economics of Construction

Article is written in Ukrainian
Downloads/views: 5

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UDC 338.32

Abstract:
The article is aimed at forming a mechanism for risk management of construction projects, to provide researching within its terms of the possibility of attracting additional financial resources through compensatory financing on the basis of deferred tax payments (Tax Increment Financing – TIF). Studying the risk management practices in the field of construction has demonstrated the fragmentary nature of the existing system, but with the appropriate legal framework and in view of the experience of other countries, development of preventive measures can be a source of financial resources for the implementation of construction projects. According to the results of the carried out research on the financial compensatory technology of TIF, the authors present proposals as to the formation of a mechanism for risk management of construction projects, with allocation the following components in its structure: theoretical-methodological, organizational-economic, process-empirical.

Keywords: risk, financing, construction project, management mechanism.

Fig.: 1. Bibl.: 11.

Pokolenko Vadym О. – Doctor of Sciences (Engineering), Professor, Professor, Department of Management in Construction, Kyiv National University of Construction and Architecture (31 Povitrianykh Syl Ave., Kyiv, 03680, Ukraine)
Email: [email protected]
Klymchuk Maryna M. – Doctor of Sciences (Economics), Associate Professor, Professor, Department of Organization and Construction Management, Kyiv National University of Construction and Architecture (31 Povitrianykh Syl Ave., Kyiv, 03680, Ukraine)
Email: [email protected]
Ilina Tetiana A. – Candidate of Sciences (Economics), Head of the Department, Department of Strategic Management, Kyiv National University of Construction and Architecture (31 Povitrianykh Syl Ave., Kyiv, 03680, Ukraine)
Email: [email protected]

List of references in article

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