Unplanned costs for the construction and operation of commercial real estate

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.

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Publication Details

Journal
Regional Economics Theory and Practice
Published
2025-04-29
DOI
https://doi.org/10.24891/re.23.4.97
Primary Topic
Housing Market and Economics
Type
article
Field-Weighted Citation Impact
0.00
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article

Unplanned costs for the construction and operation of commercial real estate

Pavel B. LYULIN, Dmitrii N. ORLOV
Regional Economics Theory and Practice
Housing Market and Economics
article

Unplanned costs for the construction and operation of commercial real estate

Pavel B. LYULIN, Dmitrii N. ORLOV
article en

Abstract

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.

Regional Economics Theory and PracticeVol. 23(4)
National Research Tomsk State University (RU)
Openalex Percentile: Top 86%
Housing Market and Economics
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