Renovation of Fixed Assets and Innovations in Construction

Abstract

In the contribution, the authors explore processes of renewal and innovative development of the construction industry. The construction industry is a branch that enables to «launch» innovations, introduce innovative developments into business processes. That ensures the renewal of fixed assets in various economic sectors and creates objects of the passive part of fixed assets. The innovative development of the construction industry is extremely important for the progressive development of the economy on the whole. This work examines the processes of renewal of fixed assets in the construction based on the analysis of coefficients of renewal and retirement, studying the depreciation degree of fixed assets. The indicators reflecting the innovative activity of construction companies are analyzed, which are compared with the industry average indicators of development. The authors consider the main directions of innovations in the construction: 3D printing, modular construction, «green» construction and energy-saving technologies, the use of artificial intelligence and machine learning, the application of innovative materials, the use of robotics, drones and remote control systems at construction sites. In general, the authors come to the conclusion that the pace of innovative development of the construction industry is relatively low, but the study shows that conditions and factors are developing in Russia that stimulate the entrepreneurial activity and innovative development of organizations.