Implications of cost overruns and time delays on major public construction projects

Adam, Abderisak,1988Chalmers tekniska högskola,Chalmers University of Technology (author)

For decades, the construction industry has been characterized by costs exceeding budgetary limits and completion times reaching further than what was set out ini-tially. This has been particularly noticeable for large public construction projects where cost overruns and time delays have long been regarded a common occur-rence. Due to the magnitude and frequency of these overruns, they have come to pose a significant financial risk to both clients and contractors, in addition to the impact exerted on the sustainability of the project. In dealing with this, researchers, auditors and practitioners have suggested a broad range of solutions, ranging from technical and economical to psychological and political approaches. In doing so, the contractor’s role has been emphasized whereas the role of the client organization has often been overlooked. This paper which is based on a literature review investigates the occurrence of and the expla-nations for cost overruns and time delays in major construction projects from the public client’s perspective. It also explores the implications of cost overruns and time delays; the purpose of which is to offer an extended understanding of the re-lationship between the client’s actions and effects on cost, time and sustainability parameters.

Josephson, Per-Erik,1960Chalmers tekniska högskola,Chalmers University of Technology(Swepub:cth)pererik (author)
Lindahl, Göran,1961Chalmers tekniska högskola,Chalmers University of Technology(Swepub:cth)goranlin (author)
Chalmers tekniska högskola (creator_code:org_t)

In:Proceedings of the 19th International Symposium on the Advancement of Construction Management and Real Estate, 7-9 Nov 2014, Chongqing

By the author/editor: Adam, Abderisak, ...; Josephson, Per-E ...; Lindahl, Göran, ...

About the subject

ENGINEERING AND TECHNOLOGY: ENGINEERING AND ...; and Civil Engineerin ...; and Construction Man ...

ENGINEERING AND TECHNOLOGY: ENGINEERING AND ...; and Civil Engineerin ...; and Other Civil Engi ...

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