Title: EFFECT OF CONSTRUCTION DELAYS ON PROJECT TIME OVERRUN: INDIAN SCENARIO
Abstract:The time and cost for performance of a project are usually important to the employer and contractor.About 57% of Indian construction projects are experiencing time overrun.These time overruns always c...The time and cost for performance of a project are usually important to the employer and contractor.About 57% of Indian construction projects are experiencing time overrun.These time overruns always contributed as expensive to all parties.This paper highlights the types of construction delays due to which project suffer time and cost overrun.Construction delay is considered to be one of the recurring problems in the construction industry and it has an adverse effect on project success in terms of time, cost and quality.The construction industry is the tool through which a society achieves its goal of urban and rural development.It is one of the sectors that provides important ingredient for the development of an economy.This paper studies external and internal factors that influence the construction process and outlines the effect of delay in large construction projects.Various media reports shows incidents of extended delays and extensive cost overruns in infrastructure projects.These delayed projects are further can conclude additional delays and this affects an ongoing projects and also new projects which could not be started due to pending projects whose completion date already elongated.Realizing the density of matter this paper studies the performance of previous year 2012 ongoing and also completed projects.These projects are from around 17 various central sectors costing Rs. 1000 crore and above (Mega Projects).Read More