An Investigation on Time and Cost Overrun in Construction Projects

ABSTRACT: The success of construction projects is highly dependent on meeting the aim of project and objectives within the specified time and budget. Management plays a big role in construction projects. Most important problems that management faces in the projects are methods of execution, management of workers, equipment, scheduling and money. Delay and cost overrun are two of the important defects in construction industry. These failures can lead to various types of negative affections like disputes between contractor and client, decrease quality of work and health and safety accidents. Therefore, there is a high necessity for further investigation on delay and cost overrun factors as well as quality and health & safety and suggesting right actions to minimize these kinds of defects. Keywords: Delay, Time overrun, Cost overrun, Investigation …………………………………………………………………………………………………………………………