IMPROVING THE PRICING SYSTEM FOR BUDGET FINANCING OF CONSTRUCTION ON THE EXAMPLE OF FOREIGN APPROACHES

With the advent of market relations, construction participants have been working for several decades in constantly changing legal conditions and one of the most significant influences on the construction system was the introduction of Western competition principles with the adoption of federal law № 44. However, most of the tools and mechanisms for ensuring construction, such as design, pricing, contracting and settlements with the contractor, have remained the same, based mostly on the planned principles of the economy, which are not designed for normal operation in a competitive environment. The article makes a comparative analysis of domestic and foreign pricing systems, highlights the fundamental differences and characteristic features of the systems under consideration, gives recommendations for improving the domestic pricing system through the harmonization of design, procurement, contracting and settlement systems