A study of causes, effects and remedial measures of time and cost overrun in construction projects

Sebastin, Anup Wilfred and Hanumantha Raju, S K and Rajesh, R B and Rao, Prakash B (2013) A study of causes, effects and remedial measures of time and cost overrun in construction projects. In: National conference on new horizons in Civil engineering – NHCE -2, April 12-13, MIT.

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Abstract

Time and cost are the lifelines of every project. The success or failure of any project depends largely on these two factors apart from its quality. They are vital; still they are neglected on most of the projects. The client and contractor in a project,although, have a common objective i.e. to complete the project within stipulated time period. The client in order to utilize the end result of the project, which hasa value to him,the contractor in order to terminate indirect expenditure on it as early as possible in order to start further projects. Still, most of the projects cross the time limits. Delay in completion results in definite increase in cost, because of immense sums held up, which bring no income. In fact, some projects often become uneconomical due to the time and cost overrun.This report will focus on the overruns in the construction project by comparing the planned schedule with the actuals and recording of reasons for the overruns. The delays recorded across various projects through a set of questionnaire survey further processed to examine the reasons for the over-runs.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Time and cost overruns, Construction Project Management, Delays, Client,Contractor
Subjects: Engineering > MIT Manipal > Civil Engineering
Depositing User: MIT Library
Date Deposited: 24 Jan 2014 11:15
Last Modified: 24 Jan 2014 11:15
URI: http://eprints.manipal.edu/id/eprint/138510

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