FEATURES OF ASSESSING THE CREDIT CAPACITY OF BUILDING COMPLEX ENTERPRISES

Abstract

The article defines the risks of crediting the construction complex and further developed the methodology for assessing the creditworthiness of construction enterprises, taking into account the specifics of construction projects. The main purpose of the study is to identify the peculiarities of lending in the construction industry and to detail the available creditworthiness assessment methods, taking into account the specifics of the functioning of the construction organization and the characteristics of construction projects.

The systematization of literary sources and approaches to solving this problem showed that in the works of domestic and foreign scientists, many methodological approaches to assessing the creditworthiness of enterprises have been developed, in banking practice, a methodology for assessing the creditworthiness of the borrower has been developed, which takes into account the type of economic activity and the size of the enterprise. However, the existing methods of assessing the creditworthiness of the enterprise, which include a system of generalized indicators of the financial condition, need to be detailed taking into account the specifics of the functioning of the construction organization and the characteristics of construction projects.

The urgency of solving this scientific problem lies in the fact that in the conditions of modern challenges of an unstable economy, the problem of assessing and managing the creditworthiness of construction enterprises remains a priority both for creditor banks and for the developers themselves. The study of the problem was carried out in the following logical sequence: first, the financial indicators of the enterprises of the construction complex in Ukraine were analyzed; the specific features of construction production were identified and the corresponding risks of lending to this sector of the economy were outlined; modern methods of assessing the creditworthiness of economic entities, which form quantitative and qualitative approaches to assessing the creditworthiness of the enterprise, are given; their advantages are determined; a system of indicators for assessing the creditworthiness of builders is proposed, which includes five blocks of indicators: an assessment of the current financial condition of the builder, an expert assessment of the construction project, an assessment of the business reputation of the construction company, an analysis of the adequacy of the provision, a description of the construction industry in the region.

The methodological tools of the research were: systematic approach, methods of analysis and synthesis, logical generalization, comparison, etc. Enterprises of the construction complex of Ukraine were chosen as the object of the study, and the indicators of their creditworthiness were the subject.

The results of the study can be used when assessing the creditworthiness of developers by their management and banks. The application of the proposed approach will increase the efficiency of crediting decisions, reduce banking risks and contribute to the effective development of the construction industry