Cost Management as a Way to Achieve Financial Sustainability for Management Companies in the Housing and Utilities Sector

This article is devoted to solving one of the key problems of managing apartment buildings in Russia — increasing the efficiency of management companies by optimizing and managing costs. The article discusses cost-effective models, methods, and approaches for assessing the costs of companies in the housing and utilities sector. One of the main criteria for business efficiency is profit. Reducing costs is the most important resource for optimizing profit, reducing costs on core activities, and, as a result, increasing the competitiveness and financial stability of the company. In addition, the article describes procedures for improving the cost management system, measures for reducing costs, and identifying problems in their implementation. Cost management is a dynamic process that requires constant attention and adaptation to the specific industry and economic situation.