A SURVEY ON ASSESSMENT OF TIME AND COST OVERRUN OF INDIAN NATIONAL HIGHWAYS PROJECT

An accomplishment of any construction projects is interconnected to its timely end within the specified financial plan, with the accurate quality and safe environment. Cost and time overruns have been well-known major issue in many construction industries of the developing countries like India. Media reports abound on instances of extended delays and unwarranted cost overruns in infrastructure projects. Only a small number of projects get delivered in time and within the budget. Examples of successful project implementation, like construction of the Delhi Metro Rail, are few and appear only far in between. Definitely, the problem of time and cost overruns in India is general and severe. Until now, very few empirical studies exist on the topic, even rarer are the studies based on completed projects. As a result, the extents as well as the causes behind delays and cost overruns have remained under-researched. This work is a summary of the present scenario on Indian highways including cross continental comparison with the nearby China as well as developed nations such as USA and Europe. The wide occurrence of delays in the implementation of highway projects under NHDP has necessitated the present study on time and cost overruns and this section also discusses on the research methodology adopted.