Today, the construction industry, being one of the main drivers of regional development, is faced with the challenge of transforming into an economically effective and competitive economic sector. The processes currently being launched to modernize the construction industry come from Moscow and must be targeted, with consideration given to the unique needs of the regions of the Far Eastern Federal District. The general trend towards the development of modern information technologies and platform solutions, facilitating collective information management and seamless project planning, construction, and operation processes for major construction projects will allow the regions unique needs to be taken into account and integrated in the construction industrys common digital space. Developing the construction industry in the Far East will generate significant investments in fixed assets and support the development of related industries. This should help further unlock the economic potential of the region and increase living standards. Is the Far Eastern Federal Districts construction industry attractive to investors? Improving price setting in construction: how to balance government prices and construction companies costs in the Far Eastern Federal District to improve the effectiveness of projects being implemented with government participation? Reforming government construction projects: how can competition in the Russian Far East be increased without harming the industry? Information modelling technologies: a tool for reducing time spent on project planning and project construction costs? Is it possible to create a standardized economically effective project documentation system as a tool for implementing the goals of the National Housing and Urban Environment Project in the Russian Far East? Developing a qualification system in construction: how can we attract head engineers, architects, and finance managers to Far Eastern construction companies, given the changing nature of the construction industry?