Administrative impact on construction works: everyone is at risk
Crises and post-crisis stagnation in construction are over: Ukraine is in the process of construction. The building sector’s potential for development is increasing as well as the quantity of people who want to invest into the commercial construction process. But the realization of this potential for development depends a lot on the degree of an administrative impact of the state and local authorities.
How essential is the administrative impact on construction process and how to reduce the risk of interference? These matters were analyzed in the research: “CONSTRUCTION IN UKRAINE: ADMINISTRATIVE IMPACT ON CONSTRUCTION WORKS” by Dmytro Symanov and Olena Zaitseva, experts of Cai & Lenard Law Firm. The research is aimed at the identification of powers of the state and local authorities that are able to hinder the construction process, determination of the basis for interference and risk assessment.
“It is hard to overestimate a significance of this industry for the overall economical structure of every developed country. One workplace in the building sector creates up to 20 workplaces in the adjacent sectors. This research shows the risks related to administrative impact the investors may face and the ways of the risks’ minimization,” Dmytro Symanov, one of the research’s authors, mentioned.