Acceleration of the cycle of extended reproduction of the active part of fixed assets in construction

Abstract

One of the main reasons hindering the scientific and technological development of construction and the national economy as a whole is the mismatch of the cycles of expanded reproduction of the active part of fixed assets in construction as the basic cycles of the development of construction. The renovation of the active part of the fixed assets of construction organizations in the conditions of shrinking the investment base of construction is very slow, and, as a result, there is no timely provision of construction work with the new high-performance construction equipment and vehicles. Financial leasing, as world experience shows, is an effective tool for updating the fixed assets of construction organizations, but its share is too small in the total volume of investments in the active part of fixed assets in construction. There is a need to develop new mechanisms that would ensure synchronization of the basic cycles of development in construction and contribute to the development of leasing technologies in the construction sector. As a result of scientific research, a new mechanism for accelerating the cycles of expanded reproduction of the active part of the fixed assets in construction was developed. It is titled “innovative leasing engineering,” which allows to synchronize them with construction and investment cycles, contributes to increasing the volume of financial leasing in construction, and also provides timely support and capacity of strengthening the innovation wave in construction, eventually contributing to the accelerated transition of the investment and construction complex, as well as the national economy as a whole, to a new technological order.