Factors Affecting Time and Cost Overrun – Indian Scenario.

Factors Affecting Time and Cost Overrun – Indian Scenario.

Mr. Sanved Sharad More 1, Dr. D.B. Desai 2, Mrs. A. P. Chougule3

1-3 Department of Civil Engineering & Dr. J. J. Magdum college of engineering, Jaysingpur.

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Abstract - In the Indian construction industry, time and cost overruns are an ongoing issue, especially for major road infrastructure projects.  Using information from primary data gathered through structured surveys as well as literature, this study examines the main causes of these overruns.  Finding the most significant causes, evaluating their relative effects, and making useful suggestions for minimizing them were the goals of the study.

               To determine the fundamental factors causing delays in projects and cost increases, a thorough literature review was carried out.  A questionnaire survey was created and distributed to industry professionals working on road infrastructure projects in light of these findings.  In order to rank the degree to which each aspect affected time and cost performance, the responses that were gathered were examined.

The findings revealed that the main causes of project overruns were changes to the scope during execution, construction mistakes, problems with bill settlement, construction accidents, and rising fuel and material costs.

               In order to reduce overruns, the study's conclusion highlights the necessity of better planning, effective stakeholder communication and contractual risk allocation.  Policymakers, contractors and project managers looking to improve the effectiveness and sustainability of infrastructure development in India will find the findings to be a useful resource.

Key Words:  Time overrun, Cost overrun, Indian construction Industry, Likert's scale.