Open AccessImproving the terms of the life cycle contract for the creation of complex technical objects in high-tech industries
Author(s) -
Olga V. Ermakova,
Nitia Ruban
Publication year - 2020
Publication title -
journal of physics. conference series
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.21
H-Index - 85
eISSN - 1742-6596
pISSN - 1742-6588
DOI - 10.1088/1742-6596/1515/3/032017
Subject(s) - modernization theory , general partnership , incentive , business , industrial organization , economics , finance , microeconomics , economic growth
The article discusses the features of life cycle contracts (LCC) for the creation of complex technical objects as a form of public-private partnership (PPP), which is the basis for the development of industries of a modern innovative economy. These contracts are used in the design, modernization, and operation of transport infrastructure facilities, roads and road facilities, airfields, public utilities infrastructure, capital construction, state information systems, and specialized services industries. To improve contractual relations, it is proposed to use the theory of contracts of 2016 Nobel laureates Oliver Hart and Bengdt Holmström, based on the improving information management processes and applying incentive schemes that are optimal for various cases, allowing to take into account the interests of all interested parties and achieve the greatest effect from the execution of the contract. The developed recommendations and proposals are presented to ensure the validity of the cost estimates of the contract stages, stimulate the introduction of innovative technologies, and increase the effectiveness of investments at various stages of the life cycle of the implementation of projects for the creation of complex technical objects. The prospects of using innovative solutions for the use of blockchain technologies are considered.