A Model of the Dependence of Economic Performance Indicators of Investment and Construction Project Participants on the Use of Innovative Materials with Consideration of Environmental Requirements

The article examines the current state of development of the sphere of using innovative materials in construction, analyzes the problems inherent in the implementation of innovative materials by participants in investment and construction projects, and concludes that, despite the presence of strategic objectives for the development of this area in construction, the level of innovative development of organizations remains insufficient. One of the main barriers hindering the application of innovative materials is identified as a structural imbalance in the distribution of economic effects among the participants of investment and construction projects, resulting from their implementation. As a result of the study, a model of the dependence of the economic performance indicators of participants in investment and construction projects on the use of innovative materials is developed, based on the life-cycle principle of a construction facility and the theory of value assessment. The proposed approach contributes to the formation of a balanced system of economic relationships among all participants in investment and construction activities and creates a basis for achieving the planned indicators of innovative development in construction.