from 01.01.2022 until now
UDC 69.003.13
The article examines contemporary approaches to the distribution of financial risks among participants in investment and construction projects. Based on an analysis of scientific literature and current legislation, the authors systematize the key stages of risk management (identification, assessment, response planning, implementation, and monitoring), and provide a classification of risks according to project life cycle phases, sources of origin, controllability, and consequences. Special attention is paid to such risk allocation methods as contractual and statutory assignment of liability, insurance, bank guarantees, retention money, and contractor diversification. The authors propose criteria for comparative evaluation of these methods (effectiveness, cost, flexibility, and legal certainty) and formulate recommendations for building a risk management portfolio for each individual project. The paper is intended for researchers and practitioners in the fields of construction economics and project management.
risk management, portfolio of risk mitigation measures, risk management structure, financial risks
1. Federal'nyy zakon №39-FZ «Ob investicionnoy deyatel'nosti v Rossiyskoy Federacii, osuschestvlyaemoy v forme kapital'nyh vlozheniy» ot 25.02.1999 (v redakcii ot 23.03.2026);
2. Gradostroitel'nyy kodeks Rossiyskoy Federacii №190-FZ ot 29.12.2004 (s izmeneniyami i dopolneniyami ot 23.03.2026);
3. Grazhdanskiy kodeks Rossiyskoy Federacii (chast' pervaya) GK RF Federal'nyy zakon Rossiyskoy Federacii ot 30 noyabrya 1994 goda № 51-FZ (red. ot 10.06.2026);
4. Grazhdanskiy kodeks Rossiyskoy Federacii (chast' vtoraya) GK RF Federal'nyy zakon Rossiyskoy Federacii №14-FZ ot 26.01.1996 (red. ot 10.06.2026);
5. Belous A.B. “Teoriya i metodologiya upravlyaemosti stroitel'noy organizacii”. Dissertaciya na soiskanie uchenoy stepeni doktora nauk. Sankt-Peterburg, 2008;
6. Koklyugina L. A., Koklyugin A. V. Vliyanie shem vzaimodeystviya uchastnikov stroitel'stva na dogovornye obyazatel'stva i funkcional'nye obyazannosti // Izvestiya KazGASU. 2016. №1 (35).
7. Panibratov Yu.P., Zhuravleva M.K. Istochniki finansirovaniya, kak osnova finansovoy sistemy stroitel'noy organizacii. // Ekonomika i upravlenie. 2024. S. 157-162
8. Ekonomika stroitel'stva: uchebnik dlya vuzov / pod red. V.V. Buzyreva. — 3-e izd. — SPb.: Piter, 2009. — 416 s. — (Seriya «Uchebnik dlya vuzov»). — ISBN 978-5-49807-127-5.
9. Nachalo 2026 g. okazalos' proval'nym dlya stroyindustrii: kompanii obespecheny zakazami menee chem na mesyac vpered [Elektronnyy resurs] // Kommersant'. — 2026. — 12 fevralya. — URL: https://www.kommersant.ru/doc/8420933 (data obrascheniya: 22.06.2026).
10. Oficial'nyy sayt Edinoy informacionnoy sistemy v sfere zakupok [Elektronnyy resurs]. — URL: https://zakupki.gov.ru (data obrascheniya: 22.06.2026).
11. Badalova A.G. Strategicheskoe upravlenie riskami predpriyatiya investicionno-stroitel'noy sfery // Vestnik MGSU. 2011. №6. URL: https://cyberleninka.ru/article/n/strategicheskoe-upravlenie-riskami-predpriyatiya-investitsionno-stroitelnoy-sfery-1 (data obrascheniya: 22.06.2026).
12. Varavenko V.E., Lyapustina N.A., Kovalev D.V. Credstva mitigacii riskov, vozlozhennyh na podryadchika v epc-kontrakte: opyt mezhdunarodnoy federacii inzhenerov-konsul'tantov i rossiyskoe grazhdanskoe zakonodatel'stvo // Pravo i politika. 2022. №4.
