ANALYSIS ON FACTORS CAUSING TIME AND FINANCIAL OVERRUN IN ROADS AND HIGHWAY CONSTRUCTION

ABSTRACT Delays and cost overrun is most common in infrastructure projects mainly in road construction projects. The impact of such factors is very high in India. The 80% of projects where suffered by schedule delays and cost overrun in developing countries like India. The comparison between actual cost, actual duration during construction phase and estimated cost, scheduled duration before construction is known as cost escalation and schedule delays. Main objective of the study is to identify the factors causing delays and cost overrun in road construction project, to rank them based on their impact and to find critical factor among them. And finally to provide the recommendations to overcome such factors. The factors are listed out from the literature survey and such factors are considered for questionnaire survey. The respondents selected for questionnaire survey are (contractors, project managers, site engineers, clients of companies, highway department authorities). The ranking of factors can be formed from the collected questionnaire. The recommendations and conclusions are made from based on the analysis of questionnaire result to overcome critical factors in future projects. KEYWORDS: schedule delay, cost overrun, road construction