Impact and management of legislative changes in the construction sector with specific reference to the design activity

Abstract This article examines the financial management of a construction company over a period of nearly two decades (2005-2022). The impact of legislative modifications on small and medium-sized company (SMEs) within the Romanian construction industry was analyzed. The results of the data analysis reveal the susceptibility of a micro-entreprise (SME) in the construction sector to significant events during this period, indicating that both positive and negative effects were influenced and altered by about 50% . The study examines the impact of economic volatility and regulatory changes, including the 2009 global financial crisis and the COVID-19 pandemic, on the financial and development performance of the enterprise. The comparative analysis of construction sector statistics emphasizes the importance of regulatory stability for microenterprises within this domain. This offers valuable insights for the financial management of these enterprises and the development of small businesses during difficult economic conditions.