Factors Affecting Cost and Time Overruns for Construction Projects in Developing countries – A Review

Authors

  • Madhur Singh Department of Civil Engineering, KC College of Engineering and Information Technology, KC Group of Institutions, Nawanshahr, Punjab
  • Sakshi Gupta Department of Civil Engineering, Amity School of Engineering & technology, Amity University Haryana
  • R.K. Malik Department of Civil Engineering, Amity School of Engineering & technology, Amity University Haryana

Keywords:

Cost overrun, Factors, Performance, High rise construction projects, Time overrun

Abstract

Construction projects experience time and cost overrun in their completion due to various reasons in India. It has been revealed from the technical and commercial point of view that the projects on completion have an exceeding estimated time and cost which is a major performance indicator. This study aims to make an in-depth evaluation for the causes of time and cost overrun in various projects. A thorough literature appraisal of developing countries was done and a list of factors related to time & cost was revealed. It has been seen from the extant literature survey that Client; Material, Manpower & equipment; and external related factors were the key reasons for the time and cost overrun. The projects can be completed successfully with minimum or no time and cost overrun if the projects are handed over to the professional planners, management and executers having professional experience in their field.

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Published

2018-11-14

How to Cite

Singh, M. ., Gupta, S. ., & Malik, R. . (2018). Factors Affecting Cost and Time Overruns for Construction Projects in Developing countries – A Review. International Journal of Technical Innovation in Modern Engineering & Science, 4(11), 203–210. Retrieved from https://ijtimes.com/index.php/ijtimes/article/view/240

Issue

Vol. 4 No. 11 (2018): Vol. 4 No. 11: Volume 4 Issue 11 (November-2018)

Section

Articles