Cost controlling as a tool for reducing the risks of an investment and construction project

Currently, the investment and construction sector is affected by a number of adverse factors due to the geopolitical situation on the world stage, as well as the economic consequences of COVID-19. This leads to a reduction in the number of construction sites, to the emergence of difficulties in the sale of construction products, to a decrease in the resource capabilities of construction enterprises and, consequently, to an increase in the risks of higher prices for investment and construction projects. In this regard, in the practical activities of the investment and construction sector, cost controlling becomes particularly relevant, which allows analyzing current and possible costs, as well as their consequences and expected results on the part of the Customer and (or) the General contractor. The article describes cost controlling as a tool for reducing the risks of an investment and construction project.