Realty: economy, management 3/2016

SECTION 1: FORMAL

Analyzing Performance Indices of Russian Construction Industry at the Present Stage and Its Development Strategy

  • Grabovyy Petr Grigor’evich - Moscow State University of Civil Engineering (National Research University) MGSU - Doctor of Economic Sciences, Head of Department of Property Construction and Real Estate Management

6-12

At the present time real estate in Russia is not only viewed as the most important commodity satisfying various people's needs, but also as potentially income-generating corporeal capital. Therefore investments in property creation and development are made with the purpose of deriving profit from further operation of real estate assets. The article highlights development strategies in residential housing construction, urban planning activities and technical regulation as well as the strategies of promoting innovations. In addition, the author studies further development of self-regulation, its various aspects. The system of self-regulation in construction needs to be further improved for the sake of forming an effective model of nongovernment regulation in the construction industry. This will allow making the most of the professional community potential in such matters as higher quality and reliability of construction services. The SRO must become a center of competence to form efficient rules of the game in the course of interaction between the government and the industry.

  • legislation ;
  • construction;
  • real estate;
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SECTION 2: COVER STORY

Reviewing the Situation with “Distressed” Co-Funded Construction Projects in the Russian Federation

  • Grebenshikov Vladimir Sergeevich - Moscow State University of Civil Engineering (National Research University) (MGSU) - Candidate of Economic Sciences, Associate Professor of Department of Property Construction and Real Estate Management
  • Tutundzhyan Artem Agasievich - Moscow State University of Civil Engineering (National Research University) (MGSU) - Student, Department of Property Construction and Real Estate Management

13-17

Robust housing construction underway in Today's Russia purports to improve the housing conditions of citizens by means of various tools, including co-funded development. This way of housing construction allows the purchase of residential premises at a lower price, as compared to housing prices in already completed residential developments - that's why the practice of involving future residents in project co-funding schemes is so widespread in all parts of Russia. Yet this method of housing construction and acquisition is fraught with some extra risks - above all for shared-equity construction participants. Despite the policy of countering unscrupulous builders, the number of “hoodwinked investors” is still high in today's Russia. In many parts of Russia there are quite a few “distressed” projects of co-funded construction, which takes a direct toll on the citizens co-funding such projects. While some regions altogether lack distressed co-funded construction assets, the number of such projects remains at a high level in other regions, with distressed construction assets unevenly distributed between the Russian regions. With active measures taken in relation to such projects, their number is not a constant. The research done in this area enables to keep track of the distribution of distressed co-funded construction projects between federal districts and regions and to identify most vulnerable territories as well as to monitor the results of regional policies aimed at reducing the amount of distressed assets. Find the analysis of this acute problem in the present article.

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SECTION 3: PROPERTY ECONOMICS AND MANAGEMENT

Analyzing the Approaches to the Discounting of Cash Flows in Investment- Construction Projects

  • Belyakov Sergey Igorevich - Moscow State University of Civil Engineering (National Research University) (MGSU) - Candidate of Economic Sciences, Associate Professor, Deputy Chair of Department of Property Construction and Real Estate Management
  • Kazarnovskiy Valeriy Aleksandrovich - Moscow State University of Civil Engineering (National Research University) (MGSU) - Candidate of Technical Sciences, Professor, Department of Property Construction and Real Estate Management

18-22

The article highlights a case of an investor spending its equity capital on an investment-construction project with subsequent income generation from the sale of construction products. Despite the uncertainty of the project's resultant parameters at the conceptual stage, it is necessary to formulate in the business plan a list of principal expenditures, corroborated by prediction calculations on the basis of a summery cost estimate, aggregated prices, analogues etc., as well as statistical and expert evaluations of extra costs to be incurred by investors (developers) with regard for project specifics and conditions. The next move in business plan elaboration is forecasting the costs and taking various risks into account. The author puts limelight on the technique of calculating the discounting rate with regard for the inflation rate. A common approach to the discounting of cash flows implies the use of the profit margin as the discounted parameter. What occurs in this case is the attrition of costs through time, which contradicts the Russian economic realities and lowers the prognostic value of the calculation results based on using the given formula. In the opinion of the authors, using the given approach for justifying the project's investment attractiveness is inexpedient. So they suggest a modified approach, more adequately reflecting inflation processes in respect to the cost change.

  • investments;
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Managing the processes of realizing the resource potential of residential housing construction businesses and associations

  • Prokopenkova Vera Vasil'evna - Bryansk State Engineering and Technological University - Senior lecturer of Department of Economy and Management

23-28

Sustainable development of residential housing construction in modern-day economy results from the rational use of available resources. The successful utilization of all available resources in the process of investment-construction activity encourages the growing volumes of housing construction and ensures a synergy effect. Given the specifics of the investment-construction process manifested in the diversity of stakeholders, production stages, technological distinctions and uniqueness of construction products themselves, the synergistic effect results from integration of the resource potential of all housing construction stakeholders. Establishing associations of residential housing construction businesses will increase the quantitative and structural diversity of resource consumption scenarios and enhance the competitive edges of each stakeholder in such an association due to ramping up of investment and construction activities by way of rational control over the processes of realizing the cumulative resource potential. Managing the processes of realizing the aggregated resource potential will significantly widen investment, technology, innovation and other capabilities of residential housing stakeholders, becoming members of such associations, in the direction of enhanced quantitative and qualitative construction KPI, higher operating margins as well as greater immunity to adverse and hazardous environment factors. Reviewing the theory and practice of managing the processes of resource potential utilization by housing construction stakeholders revealed that the given matter is not sufficiently elaborated from system perspectives while the tool kit for estimating the economic efficiency of realizing the resource potential appears to be ambiguous and debatable. Emerging full blown in this regard is the need to address the academic challenge of elaborating upon the approaches to managing the processes of resource potential realization by associations of housing construction stakeholders. This is particularly important in an unstable economic environment.

  • resources;
  • management;
  • housing construction;
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VELOPING A METHODOLOGICLA APPROACH TO HOUSING CONSTRUCTION MANAGEMENT BASED ON DIFFERENTIATION BETWEEN RESIDENTIAL PROJECTS BY LEVEL OF THEIR COMFORT

  • Saenko Irina Aleksandrovna - Siberian Federal University (SFU) - Candidate of Economic Sciences, Associate Professor of Department of Design of Buildings and Real Estate Expertise

29-33

The development of residential real estate and residential housing construction as the basis for everyday activities in the present-day environment, when the Russian society becomes increasingly differentiated in terms of various characteristics, requires new conceptual approaches to management. The article highlights the author's concept of managing residential property and housing construction with due regard for the interests of different categories of citizens, in order to meet their demand for housing. The proposed methodological approach is based on structuring the levels of comfort of residential housing, identifying the criteria and parameters characterizing every level of comfort in the system of residential real estate and their assessment for differentiation of residential assets by the degree of comfort at each level. The visual imaging of each level of comfort in the system of residential real estate is also anticipated. The methodological approach forms the basis for developing the rating methodology and assigning classes to various objects in the system of residential real estate, based on their differentiation by the level of comfort. The author reviews the results of the developed methodology testing on the example of residential real estate projects in the city of Krasnoyarsk, proving the possibility of its practical use in residential housing construction. The application and success of such a classifier will largely depend on how equitable it will be recognized by the stakeholders of residential housing construction, and to what extent it can satisfy their requirements.

  • management;
  • systems;
  • indicators;
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SECTION 4: URBAN REGULATION AND MANAGEMENT OF HOUSING AND PUBLIC UTILITIES

Business Solutions for Energy Remediation of Residential Stock on the Basis of Resource-Oriented Process Simulation

  • Sheina Svetlana Georgievna - Rostov State University of Civil Engineering - Doctor of technical Sciences, Professor, Vice-rector for science
  • Fedyaeva Polina Valer’evna - Rostov State University of Civil Engineering - Postgraduate student, assistant of the urban construction and farming Department
  • Sakovskaya Katarina Andreevna - Rostov State University of Civil Engineering - Postgraduate student in the direction 08.06.01 Engineering and construction technology

34-38

The author describes the information model of the resource and technological support of the residential stock's energy rehabilitation, developed for economic assessment of mandatory energy efficiency measures. The unified resource-oriented process model (ROPM) of construction, installation and repair works represents a specifically processed (aggregated) set of material and labor resources based on the data on representative facilities, the said set remaining unchanged during a long period of time.

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Specifics of Front-End Engineering and Design in Industrial Modernization

  • Zvonov Il’ya Aleksandrovich - Moscow State University of Civil Engineering (National Research University) (MGSU) - Senior Lecturer, Department of Construction Organization and Real Estate Management

39-43

The article is devoted to distinguishing characteristics of setting the tasks, composition and volume of front-end engineering and design in the process of industrial modernization or reengineering. The specifics of front-end engineering and preparatory measures are compared from the perspective of defining the structure and scale of revamp transformations. Organizational links are established between the tasks of front-end engineering analysis, the structure of design solutions and the planning of construction operations. Dependencies are determined between the parameters of revamped facilities, their technical condition, wear, structure and content of design solutions. The author proposes some classifications of front-end engineering and design measures influencing the mechanism, timelines and terms of this process, revealing their hierarchy. By applying these classifications one can get a certain social and economic effect in the period of preparation for construction operations. Also highlighted are the specifics of collecting source data for design in situations related to integrated industrial redevelopment or regeneration. Briefly described are survey methods most often used in industrial reengineering; also disclosed are the structure and objectives of the survey of territories adjacent to renovated buildings, found in most case studies of industrial reengineering in respect of industrial facilities located inside the established urban development areas. The article highlights the survey and assessment of existing industrial site improvements and establishes the link between the established conditions of an integrated industrial territory, its functionality, stages and criteria of choosing architectural-construction solutions and technologies used in subsequent construction operations. Also described are issues related to high-profile industrial facilities and engineering structures that are of even greater importance at the time of revamping. The functionality, scale and architectural-construction solutions of such facilities are even more diverse than the typology of industrial facilities. A special consideration is given to front-end engineering and design related to industrial clusters located within the same territory. Briefly disclosed is the compositional challenge in the process of reengineering.

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Analyzing the Specifics of Landscaping and Eco-Development in Moscow

  • Yakubov Kharis Galiulovich - Moscow State University of Civil Engineering (National Research University) (MGSU) - Doctor of Biological Sciences, Professor of Department of Property Construction and Real Estate Management
  • Manukhina Lyubov' Andreevna - Moscow State University of Civil Engineering (National Research University) (MGSU) - Candidate of Economic Sciences, Assistant Professor of Department of Property Construction and Real Estate Management

44-47

The article highlights the matters involved in forming environmental predilections during the assessment of property location. The authors tried to analyze, to what extent real urban landscaping improves the quality of human environment as one of the key indicators of successful eco-development. On the example of Moscow and other major world capitals they show that “green” predilections are dependent on the state of urban environment and landscaping. Also reasons are given, why transport accessibility proves a more important criterion in Moscow, than landscaping. In conclusion the authors give the general characteristic of Moscow landscaping specifics and describe the condition of landscaped territories.

  • urban environment;
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Methodological Approach to Developing an Integrated Action Plan to Ensure Sustainability of Municipal Infrastructure

  • Chernushev Aleksey Valentinovich - Moscow State University of Civil Engineering (National Research University) (MGSU) - Postgraduate Student, Department of Property Construction and Real Estate Management

49-52

The specifics of administrative relationship between the stakeholders of housing and utilities infrastructure condition the system approach and management by objectives as most appropriate policies chiming with the set objectives of municipal infrastructure development. One of the essential prerequisites for selecting the managerial toolkit is the justified necessity to take into account, as criteria in choosing optimal managerial decisions, various efficiency forms and parameters, including social, economic, environmental and other efficiency indicators. In this context the management by objectives planning has a number of advantages in comparison with traditional management methods. Developing the programs of municipal infrastructure development must be considered as an integrated and sophisticated challenge calling for scholarly insights based on advanced methods and tools. The program of implementing proposed approaches to the development of municipal infrastructure as part of housing and utilities policies in big cities must include the following principal stages: forming development goals and task-setting; development and implementation of development activities; reviewing and possible adjusting of the results; fixation of results.

  • reproduction;
  • municipal infrastructure;
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Innovative Design Technologies in BIM Systems for Facility Management

  • Rimshin Vladimir Ivanovich - Moscow State University of Civil Engineering (National Research University) (MGSU) - Doctor of Technical Sciences, Professor of Department of Property Construction and Real Estate Management
  • Cherkas Alina Dmitrievna - Moscow State University of Civil Engineering (National Research University) (MGSU) - Master Student, Institute of Engineering and Ecological Construction

53-56

The article considers the scientific and practical aspects of the implementation of the design using BIM-technologies to a comprehensive and effective approach to solving real estate problems in the operation of buildings and structures. The basis of innovative design is the need to achieve accuracy, transparency of the project, created to further ease operation of buildings and structures, the ability to control the project at all stages of implementation at any time by both the Management Service and the residents. The ultimate goal of using BIM-technology is to create an information model needed throughout the life cycle of buildings and structures for the design planning, business, purchase of materials, coordination of work in different parts of the project, logistics, installation and assembly, construction and operation of transmission. BIM-technology allows to combine information, which already owns the organization, with the new knowledge that appear in the company during the transition to BIMsystem. It enables data exchange between existing enterprise systems and BIM-model. The key point is that the information model becomes a data provider for the procurement systems, scheduling systems, project management systems

  • reconstruction;
  • Modernization;
  • property;
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SECTION 5:STRATEGIC PROPERTY DEVELOPMENT PROBLEMS

Implementing Geoinformation Technologies in Property Management

  • Yas’kova Natal’ya Yur’evna - Moscow State University of Civil Engineering (MGSU) - Doctor of Economic Sciences, Professor, Department of Economics and Construction Management

57-61

Nowadays real estate development is carried out in the environment identified as a recession characterized by a simultaneous progress of numerous crises different in terms of their depth and nature. The inability of the management systems to cope with recessionary shocks results in losses, most of them caused by the lack of contemporary monitoring, valuation and rating. Reviewing the main schools of thought showed that growing opportunities of real estate development are the function of the speed of accrued knowledge utilization. At the present time their synthesis within the cognitive approach is important. Using this approach enables to detect not only “management vacuum” zones, but also the problem of spatial discrimination. The contemporary scale of problems in managing the real estate development predetermined the need for geoinformation real estate modeling pivoted on managing spatial data multilayered models in the 3D geospatial form. The author connects the development of geoinformation modeling methods with implementing a range of measures on the sectoral management level.

  • management system;
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The direction of the main attack or the digital world of construction

  • Murashova Ol'ga Vladimirovna - Moscow State University of Civil Engineering (National Research University) (MGSU) - Candidate of Economic Sciences, Assistant Professor of Department of Economics and Construction Management

62-66

The analysis of the main problems of implementation of information technologies in investment-construction sphere. Analyzed the construction industry with the introduction of information technology. Selected information resources in the process of reproduction of investment and construction projects and noted the value of comparability with the other resources of the company. Given the definition of information modeling in construction. Analyzed the possibility of implementing information modeling in the activities of the companies of the construction sector. Analyzed investment construction project as a complex system. Given the properties of the system of investment and construction project in the projection of the introduction of information technology. Described the distinctive features call for new efforts for the success of investment and construction projects as complex systems. Identified the relevance of information technology in the processes of investment and construction projects and in the activities of the companies participants in the construction industry. Considered many technologies and identified a trend in the formation of an integrated information system. Analyzed the concept of continuous support of the lifecycle stages as developed similar technology. The necessity of integration processes of the participants in the implementation of investment-construction processes and the industry as a whole. Describes the main tools the concept of supporting the stages of the life cycle. Describes a tool for the creation of virtual enterprises as an effective tool for information modeling. The described approach to project management both classical and flexible. The necessity of using an integrated approach for project management that includes classic and agile approaches to project management. Identified key requirements for effective implementation of geoinformation technologies in investment-construction sphere. The conclusion is obvious the development of the industry through active introduction of information modeling of objects of investment construction projects.

  • innovative construction;
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The regional aspect of the formation of the theory and practice of building of «living» house

  • Larionov Arkadiy Nikolaevich - Moscow State University of Civil Engineering - Doctor of Economics, Professor of the Department «Economics and management in construction industry»

67-70

At present, the quality of life, in particular the improvement of living conditions, is a key issue of the state economic policy of the Russian Federation. However, the lack of real opportunities for Russian citizens, both in large and small cities to realize their need for a comfortable living conditions prevent the full and harmonious development of personality. That is why the improvement of living conditions is an important measure to improve the quality of life of the population, as well as a very essential prerequisite of social and economic stability of the state. This «reversal» of heads of states and regions from priority development «locomotive» sectors to the economy of the social sphere today is quite understandable. Much of it is due to the importance of understanding the social housing problem, the solution of which will allow to develop the national economy. Since environmental conditions in different regions of Russia varies significantly among themselves, and the architectural and construction solutions residential areas should not be separable from the operation of the problems of residential buildings. This means that the concept of housing can not be limited by building's walls - we have to take into account environmental factors. Submitted by the author>s definition of «living» house. It is proved that the main criterial and generic feature, which allows to classify the «living» house as different from other residential real estate and legal regulation, and its main specific feature is its ability to create an environment, forming a human personality by a predetermined spiritual, psychological, biological, intellectual and physical parameters.

  • housing construction;
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SECTION 6: DOMESTIC AND OVERSEAS EXPERIENCE

Process-Oriented Planning in Managing Sports Infrastructure Facilities as the Instrument of Achieving Dynamic Equilibrium

  • Volkov Roman Vyacheslavovich - Moscow State University of Civil Engineering (National Research University) (MGSU) - Department of Property Construction and Real Estate Management

71-75

As per overseas statistics, success in production activities by 92% depends on the quality of corporate management, with only 8% falling to the share of unpredictable circumstances [1]. The importance of corporate management is further accentuated by the unstable financial standing of most Russian companies managing sports and entertainment facilities

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Specifics of Municipal Infrastructure Development in Far East Regions

  • Nayden Svetlana Nikolaevna - Institute Far Eastern Branch Russian Academy of Sciences (ERI FEB RAS) - Doctor of economics, Professor of the Russian Academy of Sciences, Chief Researcher, Laboratory of Spatial Economy Economic Research

76-80

The article highlights specific conditions of municipal infrastructure development in the regions of Russia's Far East. The author analyzes the quantitative and qualitative parameters of housing and utilities in the context of Far East regions and justifies the need to take into account objective restrictions in the delivery of large-scale regional development projects.

  • housing;
  • municipal infrastructure;
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Analytic Review of Construction Industry Development in Latin America and Caribbean Basin

  • Gomez Ana María - Moscow State University of Civil Engineering (National Research University) (MGSU) - Postgraduate Student, Department of Property Construction and Real Estate Management

81-85

The characteristic feature of Latin Amsrican and Caribbean nations is that the construction industry is the main source of employment and the driving engine for the national economies. Some economic infrastructure and industry development problems as well as social problems hamper faster economic growth, curbing higher productivity of construction operations and crippling the competitive ability. The same problems also put the brakes on the reduction of poverty levels in the said nations. The key problems of the investment- construction sector include corruption, underfinancing of construction projects, the poor state of the road infrastructure, low quality, insufficiant technological training of construction personnel and organizational problems.

  • construction;
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SECTION 7: LEGAL AND SOCIAL ASPECTS

The Results of 2016: Legal Review of Standard Acts that Have Come into Force in the Field of Construction, Housing, Utilities and Appraisal Activity

  • Butyrin Andrey Yur'evich - Moscow State University of Civil Engineering (National Research University) (MGSU) - Doctor of Law
  • Stativa Ekaterina Borisovna - Moscow State University of Civil Engineering (National Research University) (MGSU) - senior forensic expert, Laboratory of Forensic Expert Evaluation in Construction and Technology, Center of Forensic Expertise under Russian Ministry of Justice

86-91

The article contains information and effective standard legal acts adopted on the federal level in the system of regulating the relationships in construction, appraisal activity, state cadastre and cadastral evaluation in 2016.

  • construction;
  • cadastral value ;
  • housing and utilities;
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SECTION 8: IN THE REALM OF EXCITING THINGS

Architectural Styles of English Houses: form Antiquity to Our Days

  • Kurakova Oksana Anatol’evna - Moscow State University of Civil Engineering (National Research University) (MGSU) - Student, Department of Property Construction and Real Estate Management
  • Berezin Aleksandr Sergeevich - Moscow State University of Civil Engineering (National Research University) (MGSU) - Candidate of Economic Sciences, Assistant Professor of Department of Property Construction and Real Estate Management

92-96

This article overviews the evolution of the English house, its exterior and interior. First houses that could be classified as specimens of the English architecture go back to the 2000s B.C. Since then a lot has changed and we can trace down the history of English architecture until now. Any history is the heritage of the nation that conserves it, whereas the history of architecture is also the heritage of the entire humanity, since the spirit and everyday life of various historic societies are conveyed through art in general and architecture in particular. Why shall we study history, after all? Tapping into the experience of past centuries, we may deduce and identify certain development patterns and presume further progress. History in itself is an entertaining and extremely useful subject not only for scholars, but also for common people. If more people were interested in the past we'd avoid many mistakes and would not have to reinvent the wheel again and again. The author studies the order of developing dwellings in the British Isles. Thanks to this order and sequence, it's easy to note how the architect's perspective changes depending on the situation in the country. The history of England is interesting because it reveals how a single divorce of one couple could radically alter the political and consequentially architectural thrust of the entire nation. We can see the echo of the Roman legion's will and habits oozing out through centuries and we can also see that the aspiration of mankind for the beautiful is the only thing that never changes.

  • reconstruction;
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