Improving the efficiency of a development company based on budgeting

The topic of increasing a construction company efficiency using bud geting tools has been studied. The purpose of the study is to substantiate the positive impact of budgeting on a construction organi zation efficiency. The main objective is to demonstrate the best tools for improving a construction company efficiency in current realities. In the course of the research, methods of systematic, comparative, and logical analysis were used within the framework of the general method ological system-information approach. The budgeting process specifics in apartment buildings construction have been described. The features of the construction process using project financing and escrow accounts have been given. The budgeting concept, its main tasks, and approaches to it have been considered. The current economic con text has been presented, including the historically high cost of money in economy, as well as a drop in demand for residential real estate due to preferential mortgage programs cancellation, indicating their impact on the budgeting process. The process of budgeting the investment activity of a development company through a reference project develop ment has been described. The critical importance of the budget process for making the right management decision in the context of increasing competition in the construction industry has been noted.