Factors Affecting Cost and Time Overrun In Construction Project (original) (raw)

2023, Zenodo (CERN European Organization for Nuclear Research)

The building sector is India's largest fiscal sector. Timeliness and sticking to set price are two most important factors in overall achievement of project's plans. The primary objective of this study is to pinpoint main reasons why building projects run over budget and behind schedule. To identify factors influencing the increase in construction time and cost, an extensive literature review was managed. Taking these considerations into account, questionnaire was created & distributed to various owners, clients. Following factors have been identified as the most significant causes of construction delays: 'Social relevance effect,' 'Work environment and health and safety in project,' 'Client / owner related polarity,' and sub factors are shortage of materials and labours, and significant cost overrun factors identified are 'Inaccurate project estimations,' 'Serious Project Design Errors,' 'Administration Errors,' 'Not Hiring Right Team,' and sub factors are inflation of materials and equipment.