Basic principles and formation stages of the system of relations between participants of the investment process under risk conditions

The investment process of construction and operation of real estate objects constantly requires taking into account the interests of all its participants and the need to establish stable relationships between them. In the context of the implementation of such processes, various organizational and technological situations arise, when the nature of their functioning and development sharply changes, which determines the shift of interests of each of the sections of the investment process, as well as the directions of their functioning and development in the housing market, taking into account the accumulated experience and potential. This determines the need to form such a system of relationships between participants in the investment process that will ensure minimum risks in the creation of the final product, aimed at stabilizing the entire construction industry and processes, reducing the influence of the external and internal environment. The research methods used in the work are theoretical analysis, empirical study with subsequent generalization and systematization of the obtained data, in addition, the main scientific approaches were used: “dialectical”, “systemic”, “dynamic”, “variant”, “balance” and “modelling”. The object of the study is the main stages of the investment process, including the stages of pre-design, design, construction and operation, as well as participants in these processes. The procedure for forming a system of relationships between participants in the investment process based on the use of basic investment principles in order to increase the effectiveness of this system in various organizational and technological situations and the influence of various types of risk is considered [1, 2]. The use of various mechanisms in the field of rational forms of organization of material production in the activities of enterprises for their effective management and construction of real estate at the stages of the life cycle will increase the stability and reliability of their work under the influence of risks and uncertainty factors of construction production.