Investigation of modern trends in the evaluation of the liability of construction companies

The article deals with the topical issues of construction industry in Russia. The current situation in the construction market is characterized by negative trends, which lead to an increase in the number of troubled residential buildings. This problem is solved at the state level through the improvement of the legislative framework regulating the relationship of all construction entities. Currently, amendments to the Federal Law No. 214-FZ “On Participation in Shared-Equity Construction of Multifamily Houses and Other Real Estate Objects” have come into force. The changes relate to the mechanism for financing construction projects through the use of escrow accounts. Such a mechanism creates a number of advantages for participants in shared-equity construction: in the process of project financing the risks of nonfulfillment of obligations by construction companies towards equity holders are reduced, as well as the credit risks of banks. In this regard, there is an objective need to improve the existing methodology for assessing the creditworthiness of borrowers - construction organizations. We have considered a set of quantitative and qualitative indicators that not only characterize the current financial condition of borrowers, but also help analyzing the construction project, taking into account its efficiency, payback, regional purchasing power and commercial attractiveness, etc. These indicators can be applied when assessing the creditworthiness of developers by commercial banks. Using the proposed approach will increase efficiency in making credit decisions, reduce bank risks and will contribute to the effective development of the construction industry.