STIMULATION AS AN EFFECTIVE DEVELOPMENT INSTRUMENT FOR BUILDING ORGANISATIONS

Objectives. The purpose of the study was to systematise the theoretical and organisational and economic foundations of stimulating the development of construction production, the implementation of which contributes to the long-term functional effectiveness of construction organisations under the conditions of economic modernisation as well as the development of a set of practical measures to improve existing forms and methods for stimulating the development of construction organisations.

Methods. Over the course of the research, general scientific approaches were used, including a system approach based on analysis and synthesis, graphical and statistical analysis methods.

Results. The priority goal of state policy regarding the development of the construction industry is defined, namely the provision of an optimally safe and comfortable environment for the lives of residents. To achieve this goal, special attention is paid to the formation of an effective mechanism for stimulating the development of construction production to ensure the long-term economic growth of the industry and the economy of the country as a whole. It is shown that under modern conditions, when high demands are placed on the process of stimulating the development of construction organisations and problems of ensuring its effectiveness are identified, issues relating to the classification of stimulation methods, conditions and factors disclosed in this article become especially important.

Conclusion. It is confirmed that stimulation as a management function contributes to the dynamic economic development of construction organisations. The formation of a system for stimulating the development of construction organisations is associated with the implementation of a competitive development strategy that provides for the transition of construction organisations to innovative transformations, as well as to the application of new technologies and the expansion of market niches.

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