Factors Affecting Cost Overrun In Construction Projects

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PART- B In India, Cost over runs are common in construction projects. To identify and evaluate the causes of cost escalation, factors relating to the various participants involved in project execution have been identified and categorized under Client, Architect, Structural Engineer, Contractor, and External factor. The factors were identified under each category. Please indicate your response based on your experience in handling of construction project. Catogories Cost Very low low medium high Very high 1. Client – related factors Q 12 Number of change / extra work orders Q 13 Slow decision making Q 14 Delay in contract award Q 15 Delay in handing over of site Q 16 Unrealistic schedule Q 17 Cash flow during…show more content…
5 factors have been identified in the questionnaire, which was developed to sample the opinion of construction managers on the extent to which each of the factors were contributing to overall cost overrun on a typical building project in which they are involved. The respondents were asked to assign weights to the factors 1 to 5 where, ‘1’ is the lowest score and ‘5’ is the highest score. The score assigned to each factor by the respondents represents the extent to which the factor contributes to overall cost overrun on a typical building project. The five factor categories (Client-related, Architect-related, Structural Engineer-related, and Contractor-related and External factor) were formulated in the questionnaire, which was developed to sample the opinion of construction managers on the extent to which each of the factor categories contributed to the overall cost overrun on a typical building construction project in which they are…show more content…
The contractor shall, for the purpose of this condition, keep such books of account and other documents as are necessary to show the amount of any increase claimed for reduction available and shall allow inspection of the same by a duly authorized representative of the Government, and further shall, at the request of the Engineer-in-charge may require any documents so kept and such other information as the Engineer-in-charge may require. The contractor shall, within a reasonable time of his becoming aware of any alteration in the price of any such materials and/or wages of labour/give notice thereof to the Engineer-in Charge stating that the same is given pursuant to this condition together with all information relating thereto which he may, be in position to
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