Transition to project financing will improve operational processes
The transition to project financing of housing construction sets the developers the task of introducing innovations into business processes. The use of modern technologies, including BIM, according to Maxim Berlovich, head of the Moscow Territorial Administration of the Etalon group, will allow developers to increase the efficiency of their work processes.
“We believe that the transition to project financing will improve working processes, the accuracy of financial planning, and improve the quality of project documentation. Moreover, with the transition to project financing, it will also be necessary to change both the sales methodology and the technology for performing construction and installation works. <…> The task of the developer when switching to an escrow is to build more quickly and sell more efficiently, which allows reducing the rate on a bank loan and reducing the time to use it” said Maxim Berlovich.