Experts club

Beslan Bersirov

deputy CEO of Construction Trust

Transition to escrow disciplines developers

05.09.2019

With the transition to new financing schemes using escrow accounts, construction companies have to tighten financial discipline and change design approaches, said Beslan Bersirov, deputy general director of the Construction Trust company.

“In general, financial discipline has become tougher – we have become more stringent in monitoring the cost of construction. The design approach has also changed – large-scale objects are now designed in small bursts. This is done in order to complete the construction in a shorter time frame, open escrow accounts, receive funds and continue to build other lines, ”Beslan Bersirov explained.

However, according to the deputy head of the Building Trust, this will not affect the volume of input facilities.

Source: RBC +

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