Economic and organizational mechanisms of forming business networks in the construction industry

Abstract

In recent times, emerging new types of economy have given rise to the changes in people's attitude and behavior at different levels of their participation in business, which results in the economic effect of each industry in the market [1]. Society confidence depends on food security of the region and satisfactory living conditions, which determines the research of the construction industry development level and the search for the ways to decrease the cost of housing estate objects as the welfare factor of the population [2]. The article features the rating analysis of the country regions according to the volume of housing delivered as well as the leading real estate developers on the Russian territory. The dominant factors of the construction industry development are determined [3]. The model of the construction cluster of the region is suggested. The financial solvency analysis of the companies in the specified region is done on the basis of cluster organization applying Russian and foreign methodology. Moreover, the recommendations on improving the construction industry infrastructure and costs reduction in the industry are proposed.