RIVIEW ON THE ASSESSMENT OF DELAYS IN BUILDING CONSTRUCTION PROJECT

Abstract

The aim of this study is to investigate the factors that may cause overrun of the planned cost, allocated
resources and scheduled time of infrastructure engineering projects in construction industry. The analysis showed that
delay and cost overrun of infrastructure projects were caused by different factors according to the records in the
collected final reports of projects. Cost overruns for building projects increased with contract prices. A significant effort
was spent in collecting data on cost overruns and delays in public construction projects. However, data confidentiality
did allow the collection of enough data to ensure the robustness of the developed regression prediction models. Cost
saving and time performance is usually essential to all parties who are involved in a construction project, is owner,
contractor, and subcontractor. The main causes of disputes in construction projects involve delay and failure to complete
the work in the specified cost and time frame. The delivery time of a project is a key factor to the owner in terms of cost
as much as it is for the contractor. Unexpected increase in cost and delays in construction projects are caused by owner,
contractor, environments, etc. in which several types of risk factors may occur concurrently. The effect of cost overrun
and schedule overrun do not only influence the construction industry but the overall economy as well.