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Regional Economics: Theory and Practice
 

Unplanned costs for the construction and operation of commercial real estate

Vol. 23, Iss. 4, APRIL 2025

Received: 18 July 2024

Accepted: 15 August 2024

Available online: 29 April 2025

Subject Heading: SUSTAINABLE DEVELOPMENT OF REGIONS

JEL Classification: R30

Pages: 97-112

https://doi.org/10.24891/re.23.4.97

Pavel B. LYULIN N.P. Pastukhov State Academy of Industrial Management – Branch of Tomsk State University (TSU), Yaroslavl, Russian Federation
lyulin@expertcre.ru

ORCID id: not available

Dmitrii N. ORLOV N.P. Pastukhov State Academy of Industrial Management – Branch of Tomsk State University (TSU), Yaroslavl, Russian Federation
One.orloff@gmail.com

ORCID id: not available

Subject. This article discusses the issues related to planning and risk management in construction.
Objectives. The article aims to analyze various types of unforeseen expenses, identify the main reasons for their occurrence, and solve the problem of minimizing additional costs.
Methods. For the study, we used mathematical research methods.
Results. The article finds that in Russia, there has been an increase in the cost of construction of commercial real estate in recent years, and it describes the main tools that help manage risks.
Conclusions. A systems approach to reducing unforeseen expenses can help construction companies remain competitive and increase profits.

Keywords: additional costs, construction of commercial real estate, operation of commercial real estate, insurance of commercial real

References:

  1. Liulin P.B. [The evolution of shopping centres and development prospects]. Moskovskii ekonomicheskii zhurnal, 2024, vol. 9, no. 2, pp. 183-200. (In Russ.) URL: Link
  2. Khvatkova Yu.D. [Crisis management in the conditions of bankruptcy of a construction company]. Ekonomika i predprinimatel'stvo = Journal of Economy and Entrepreneurship, 2020, no. 3, pp. 1024-1028. (In Russ.)
  3. Pestryakov R.V. [On some peculiarities of bankruptcy of construction companies in the Russian Federation]. Moskovskii ekonomicheskii zhurnal, 2023, vol. 8, no. 7, pp. 435-444. (In Russ.) URL: Link
  4. Lyulin P.B. [The place and the role of innovations in the system of strategic development of the enterprise subjects]. Fundamental'nye issledovaniya = Fundamental Research, 2018, no. 1, pp. 92-95. URL: Link (In Russ.)
  5. Bogatyrev N.S., Liulin P.B. [BIM technologies for real estate objects at different stages of the building life cycle. Benefits of implementation and evaluation of return on investment]. Moskovskii ekonomicheskii zhurnal, 2024, vol. 9, no. 5, pp. 394-418. (In Russ.) URL: Link
  6. Kleymenova A.V. [Classification of risks in project finance]. Ekonomika i sovremennyi menedzhment: teoriya i praktika, 2014, no. 37, pp. 144-156. (In Russ.) URL: Link

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ISSN 2311-8733 (Online)
ISSN 2073-1477 (Print)

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