Analysis of price dynamics for road construction materials and products
Introduction. The study of changes in prices for road construction materials facilitates the adoption of the right management decisions in the future and is a necessary prerequisite for the pricing process in the road industry. The dynamics of prices for the road construction materials is constantly...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
M.P. Shulgin State Road Research Institute
2022-04-01
|
| Series: | Дороги і мости |
| Subjects: | |
| Online Access: | http://dorogimosti.org.ua/files/upload/8-16_25_Roads_Bridges.pdf |
| _version_ | 1818018245058232320 |
|---|---|
| author | Artem Bezuglyi Yuliya Bibyk Ihor Hresko Olena Belska |
| author_facet | Artem Bezuglyi Yuliya Bibyk Ihor Hresko Olena Belska |
| author_sort | Artem Bezuglyi |
| collection | DOAJ |
| description | Introduction. The study of changes in prices for road construction materials facilitates the adoption of the right management decisions in the future and is a necessary prerequisite for the pricing process in the road industry. The dynamics of prices for the road construction materials is constantly changing and depends on the ratio of supply and demands of the domestic market. This is an important indicator, as it allows analyzing the price level for a certain period of time, make conclusions and predict future price levels and trends in the road construction materials market, get the needed information about the competitive environment. Today, assessing changes in the price for road construction materials is of practical importance for both customers and contractors who carry out works on road facilities, because it allows them to choose the suppliers with the most optimal price offer for their region.
Problem statement. Under the market economic system, which is inherent in most modern countries and the world economy, price has a major impact on the national and world economy and is a complex economic category that is of great importance to all participants in the investment process. This article examines the dynamics of changes in prices for road construction materials and products used at road facilities. Prices for these material resources are constantly changing under the influence of various economic factors and other external and internal factors, so the dynamics of changes in prices for road construction materials and products in a market economy requires the deep study and understanding of their economic essence as well as determination of their impact on the total cost of road facilities.
Purpose. The purpose of the article is to consider the dynamics of changes in prices for road construction materials in modern market relations. In order to comply with the principles of procurement established by Article 5 [1], in particular maximum economy and efficiency, researches are conducted for studying the situation on the market of road construction materials, analysis of commercial offers of suppliers and other sources of information, and the dynamics of their changes for the certain period of time.
Materials and methods. Monitoring the dynamics of prices for road construction materials and products has to be performed during the entire investment process, for all types of road works financed at state expenses. Performing the systematic comparison of prices for road construction materials and products for a certain period of time allows to form a price base, the use of which then allows the selection of the material price from the supplier that, all things being equal (technical characteristics, delivery times, volumes etc.) is the lowest. The priority of this process is to ensure the appropriate level of objectivity of data, timeliness and relevance of processed information.
Results. The study reveals the concept of dynamics of prices, determines its practical significance and analyzes the change in prices for road construction materials and products used in road works; the reasons that influenced the change in prices were identified, conclusions were made and proposals were presented to improve the situation on the market of road construction materials.
Conclusions. With the help of the dynamics of price changes studies, price changes of producers and suppliers of road construction materials and products can be investigated to be taken into account in the preparation of the investment estimates, the bid price of the participant in the procurement procedure (contract price), as well as for their clarification when settling mutual payments for the work performed.
|
| first_indexed | 2024-04-14T07:36:29Z |
| format | Article |
| id | doaj.art-1f5d440bc4874421ba7fee8b1a5301a1 |
| institution | Directory Open Access Journal |
| issn | 2524-0994 2786-488X |
| language | English |
| last_indexed | 2024-04-14T07:36:29Z |
| publishDate | 2022-04-01 |
| publisher | M.P. Shulgin State Road Research Institute |
| record_format | Article |
| series | Дороги і мости |
| spelling | doaj.art-1f5d440bc4874421ba7fee8b1a5301a12022-12-22T02:05:39ZengM.P. Shulgin State Road Research InstituteДороги і мости2524-09942786-488X2022-04-0125816https://doi.org/10.36100/dorogimosti2022.25.008Analysis of price dynamics for road construction materials and productsArtem Bezuglyi0https://orcid.org/0000-0003-3883-7968Yuliya Bibyk1https://orcid.org/0000-0002-7197-8909Ihor Hresko2https://orcid.org/0000-0002-7175-7436Olena Belska3https://orcid.org/0000-0002-6900-796XM.P. Shulgin State Road Research Institute State Enterprise – DerzhdorNDI SE, Kyiv, UkraineM.P. Shulgin State Road Research Institute State Enterprise – DerzhdorNDI SE, Kyiv, UkraineM.P. Shulgin State Road Research Institute State Enterprise – DerzhdorNDI SE, Kyiv, UkraineM.P. Shulgin State Road Research Institute State Enterprise – DerzhdorNDI SE, Kyiv, UkraineIntroduction. The study of changes in prices for road construction materials facilitates the adoption of the right management decisions in the future and is a necessary prerequisite for the pricing process in the road industry. The dynamics of prices for the road construction materials is constantly changing and depends on the ratio of supply and demands of the domestic market. This is an important indicator, as it allows analyzing the price level for a certain period of time, make conclusions and predict future price levels and trends in the road construction materials market, get the needed information about the competitive environment. Today, assessing changes in the price for road construction materials is of practical importance for both customers and contractors who carry out works on road facilities, because it allows them to choose the suppliers with the most optimal price offer for their region. Problem statement. Under the market economic system, which is inherent in most modern countries and the world economy, price has a major impact on the national and world economy and is a complex economic category that is of great importance to all participants in the investment process. This article examines the dynamics of changes in prices for road construction materials and products used at road facilities. Prices for these material resources are constantly changing under the influence of various economic factors and other external and internal factors, so the dynamics of changes in prices for road construction materials and products in a market economy requires the deep study and understanding of their economic essence as well as determination of their impact on the total cost of road facilities. Purpose. The purpose of the article is to consider the dynamics of changes in prices for road construction materials in modern market relations. In order to comply with the principles of procurement established by Article 5 [1], in particular maximum economy and efficiency, researches are conducted for studying the situation on the market of road construction materials, analysis of commercial offers of suppliers and other sources of information, and the dynamics of their changes for the certain period of time. Materials and methods. Monitoring the dynamics of prices for road construction materials and products has to be performed during the entire investment process, for all types of road works financed at state expenses. Performing the systematic comparison of prices for road construction materials and products for a certain period of time allows to form a price base, the use of which then allows the selection of the material price from the supplier that, all things being equal (technical characteristics, delivery times, volumes etc.) is the lowest. The priority of this process is to ensure the appropriate level of objectivity of data, timeliness and relevance of processed information. Results. The study reveals the concept of dynamics of prices, determines its practical significance and analyzes the change in prices for road construction materials and products used in road works; the reasons that influenced the change in prices were identified, conclusions were made and proposals were presented to improve the situation on the market of road construction materials. Conclusions. With the help of the dynamics of price changes studies, price changes of producers and suppliers of road construction materials and products can be investigated to be taken into account in the preparation of the investment estimates, the bid price of the participant in the procurement procedure (contract price), as well as for their clarification when settling mutual payments for the work performed. http://dorogimosti.org.ua/files/upload/8-16_25_Roads_Bridges.pdfdynamics of pricesroad construction materialsmonitoringprice |
| spellingShingle | Artem Bezuglyi Yuliya Bibyk Ihor Hresko Olena Belska Analysis of price dynamics for road construction materials and products Дороги і мости dynamics of prices road construction materials monitoring price |
| title | Analysis of price dynamics for road construction materials and products |
| title_full | Analysis of price dynamics for road construction materials and products |
| title_fullStr | Analysis of price dynamics for road construction materials and products |
| title_full_unstemmed | Analysis of price dynamics for road construction materials and products |
| title_short | Analysis of price dynamics for road construction materials and products |
| title_sort | analysis of price dynamics for road construction materials and products |
| topic | dynamics of prices road construction materials monitoring price |
| url | http://dorogimosti.org.ua/files/upload/8-16_25_Roads_Bridges.pdf |
| work_keys_str_mv | AT artembezuglyi analysisofpricedynamicsforroadconstructionmaterialsandproducts AT yuliyabibyk analysisofpricedynamicsforroadconstructionmaterialsandproducts AT ihorhresko analysisofpricedynamicsforroadconstructionmaterialsandproducts AT olenabelska analysisofpricedynamicsforroadconstructionmaterialsandproducts |