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33 articles for “Cost Overruns”
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Root cause ananlysis of cost overrun in interior projects
Abstract: The construction industry is a path through which development of urban and rural India happens. The development of the project happens. The construction industry and its parties are associated with high degree of risk due to the nature of construction business activities, processes, environment and organization: Cost overrun is one of the most important problems in the construction one of the major problems faced by the construction industry is the …
Published in International Journal of Rural and Regional Development · Vol. 2, Issue 1, 2024 · pp. 11–21 Read article
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Benchmarking Cost Overruns in Transportation Infrastructure Investments
Abstract: Highway projects have historically experienced significant cost overruns, with front end implications for the sustainability of transportation investments. However, the criteria for assessing cost overruns continues to elicit diverse opinions and has become a debatable issue in the literature. Some studies allude to detailed design stage estimates, while others tag conceptual stage estimates, as the ideal benchmark for quantifying the project cost deviations. A survey of the literature, principally from …
Published in Trends in Transport Engineering and Applications · Vol. 7, Issue 2, 2020 · pp. 29–37 Read article
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Study of Cost Overrun in Repair & Rehabilitation Projects in India
Abstract: In broad sense, the word "rehabilitation" suggested putting a building back to how it was before. The specialized area of repair and rehabilitation engineering necessitates knowledge and skills that go beyond those needed for design and construction engineering. Repair and rehabilitation projects are significantly more challenging and more complicated than new construction projects. It is vital to take a methodical approach to structural deterioration, and technology management and economics should …
Published in International Journal of Architectural Design and Planning Read article
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Economic Sustainability of Transportation Infrastructure Procurement: The Differing Site Condition Clause Debate as an Underlying Environmental Trigger to Cost Overruns
Abstract: Case law is rife with contractual disputes arising due to lack of adequate geotechnical risk containment during procurement. The use of a ‘Differing Site Conditions (DSC) clause’, implies that, in the event of encountering a subsurface/geo-environmental condition different from that which was indicated in the contract, the owner bears the additional cost for executing the work under such conditions. However, the literature indicates a divergence in industry practise, with some …
Published in Journal of Construction Engineering, Technology & Management · Vol. 10, Issue 1, 2020 · pp. 11–19 Read article
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Significance and Analysis of the Time and Cost Overrun in the Construction Industry of Mumbai
Abstract: The occurrence of time and cost overrun has become quite significant in a majority of construction projects in India, which is negatively affecting the GDP and potential development of nation. As per the statistics of project cost and duration in March 2012, 179 projects out of 555 projects of worth 150 Crore INR have been facing cost and time overrun and others are at the very high risk, with the …
Published in Journal of Industrial Safety Engineering · Vol. 8, Issue 2, 2021 · pp. 7–13 Read article
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Identification and Assessment of the Factors causing Cost Overrun in Housing Projects
Abstract: Poor cost performance is a major problem in construction industry, especially in developing countries like India. Statistics reveal that majority of the projects faces the issue of cost overrun. The interrelationship between the causes of cost overrun and stakeholders has not been explored yet. The aim of the research is to minimize the effects of project cost overrun. The objective of the study is to categorize and rank the potential …
Published in International Journal of Urban Design and Development · Vol. 1, Issue 1, 2023 · pp. 17–34 Read article
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Identifying Factors Leading to Cost Overrun in Construction Projects in Jordan
Abstract: The problem of cost overrun in construction industry is common worldwide and the construction industry in Jordan is no exception. The main objective of the study reported in this paper was to identify the causes of cost overrun in construction projects in Jordan. A comprehensive literature review from various sources was made to carry out the study. A questionnaire survey was conducted to find the causes of cost overrun related …
Published in Journal of Construction Engineering, Technology & Management · Vol. 5, Issue 3, 2015 · pp. 25–33 Read article
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Earned Value Technique is an Essential Project Management Tool to Prevent Cost Overrun
Abstract: The cost of construction projects has a long history of exceeding the planned cost. At the project level, this is termed as “Project Cost Overrun”. This research reviews the main critical factors of causing the cost overrun of the projects in the construction stage. These factors have been collected from previous literatures and studies to identify the reasons behind the inefficiency of the existed site cost monitoring and control system …
Published in Journal of Construction Engineering, Technology & Management · Vol. 5, Issue 1, 2015 · pp. 18–37 Read article
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Budgetary Control and Timely Completion of Civil Engineering Projects Through Financial Management
Abstract: Financial management is critical for dealing with time delays and cost overruns in civil engineering. The methodology adopted in this study is questionnaires distributed to different construction professionals and surveys from some sites. Professionals consulted include engineers, contractors, and clients. Results show that most projects encounter time wastages, insufficient materials, and mismanagement of resources. Numerous time and cost management strategies assist in preventing cost overrun and schedule extension in civil …
Published in Recent Trends in Civil Engineering & Technology · Vol. 12, Issue 3, 2022 · pp. 10–19 Read article
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IMPACT OF PROJECT COMPLEXITIES ON COST OVERRUNS
Abstract: As decision-making and goal setting become more challenging due to complexity, there is growing consensus that comprehending complexity is essential for project management. However, there have been concerns expressed regarding how complexity can be quantified in a reliable way that takes into account structural, dynamic, and interaction factors. Current operational definitions of complex projects based on size and budget, have been called into doubt. What can be done is to …
Published in International Journal of Architectural Design and Planning Read article
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Analysis of Time and Cost Overruns in Road Project
Abstract: Management of the risk is the best approach during construction of road project, wherein numbers of unforeseen factors are involved. The project under consideration is the construction of 30 m wide road from Wadalagaon to Takligaon under the jurisdiction of Nashik Municipal Corporation. The road construction was started especially to cater the huge crowd likely to occur during Sinhastha Kumbha Mela, which comprises of laying of water supply, storm water …
Published in Journal of Construction Engineering, Technology & Management · Vol. 6, Issue 2, 2016 · pp. 52–57 Read article
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In India Affecting Factors for Cost Overrun in Real Estate Sector
Abstract: Indian land part is one among the quickest developing and all around perceived areas. This land segment is going to twofold the economy by its Gross domestic product commitment by 2025. Expanding urbanization is the factor which is probably going to be a turn for the development of land development movement in the nation. As the quantity of building development ventures is expanding, these undertakings are not finished in distributed …
Published in Journal of Industrial Safety Engineering · Vol. 7, Issue 2, 2020 · pp. 23–29 Read article
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A Study of Factor Affecting of Delayness of Cost Overrun in Building Construction
Abstract: AbstractIn this paper, a study has been summarized about the factor that cause of delay in construction housing project in the Gwalior division and produce the statistical result. The result of the investigation will be the guideline to the parties that involve, so that it will avoid any reason of the delay that will happen in their project.Keywords: development, building, construction
Published in Journal of Construction Engineering, Technology & Management · Vol. 8, Issue 2, 2018 · pp. 11–13 Read article
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Explaining the Cost Performance and Maturity of Transportation Infrastructure in the Developed and Developing World: One Size Fits All?
Abstract: AbstractScholarly text analysing the financial performance of highway projects are evident in the literature, most of which have opined that highway agencies record higher levels of cost overruns compared to other clients of construction and building works. Similar assertions are made about the relatively higher levels of cost overruns recorded on highway projects executed in the developing world. A scant number of seminal works have emerged in the literature, offering …
Published in Recent Trends in Civil Engineering & Technology · Vol. 10, Issue 1, 2020 · pp. 33–42 Read article
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Adoption of Managerial Skills for Strengthening Civil Engineering Construction and Infrastructural Development in Nigeria
Abstract: Managerial economy is vital for environmental and national development. Infrastructure development is that the basis of measuring the performance of democratic leaders and the inspiration of excellent democratic governance. This paper examined infrastructural development in Nigeria with in view of incorporating managerial skills for optimal performance. Challenges and way forward were checked for effective and efficient delivery of projects. Government has the facility to place in situ all measures that …
Published in Journal of Construction Engineering, Technology & Management · Vol. 10, Issue 3, 2020 · pp. 14–20 Read article
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Cost Escalation, Schedule Overruns and Quality Shortfalls on Construction Projects
Abstract: Despite being a subject of discussion for over four decades, cost escalation and schedule overruns in quality shortfalls still persists as a challenge for construction projects. The present study was carried out to identify and rank the causal factors of cost escalation, schedule overrun and quality shortfalls in construction projects. Likert scale (range 1–4) was used for the ranking the causal factors.Keywords: cost escalation, construction, causal factors, shortfalls
Published in Recent Trends in Civil Engineering & Technology · Vol. 5, Issue 3, 2015 · pp. 60–65 Read article
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Study on Fiber Reinforced Composite Material Cost in Construction Project
Abstract: The primary goal of this research paper is to identify the major causes of fibre reinforced composite material cost overruns in Indian construction projects, as well as the critical success factors that aid in the avoidance of such costs. The critical success factors is reviewed by existing literature. They are used to generate survey and interview questions. The fiber reinforced materials projects using proposed hypothesis and lack of certain critical …
Published in Journal of Polymer & Composites · Vol. 13, Issue 2, 2025 · pp. 459–466 Read article
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A Conceptual Framework of Financial Risks Activated by Geo-Environmental Factors in Transportation Infrastructure Projects
Abstract: Geo-environmental factors wield substantial influence in both the design and construction of transportation infrastructure.Managing the financial risk associated with geo-environmental factors is key to the successful implementation of transportation infrastructure projects. Ground Investigations are the primary avenue to minimize financial risk due to geo-environmental factors. Limiting ground investigations to desk studies and preliminary reconnaissance based on superficial site inspection, or carrying out reactive post-contract ground investigations, however, appears to be …
Published in Trends in Transport Engineering and Applications · Vol. 10, Issue 3, 2023 · pp. 37–43 Read article
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An Empirical Analysis of Cost, Time, and Quality Relationships Using Correlation and Regression Techniques
Abstract: Cost, time, and quality have been recognized as the three key dimensions that determine construction project performance and are commonly represented through the "Project Management Triangle." However, despite their theoretical linkage, there is limited empirical evidence to quantify the nature of their relationships, particularly within developing construction markets. This paper seeks to contribute to addressing this shortfall by investigating the specific influence of cost and schedule variations upon quality outcomes …
Published in Journal of Construction Engineering, Technology & Management · Vol. 16, Issue 1, 2026 · pp. 52–60 Read article
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Perceptions of Material Management/Production Practices as Measures of Financial Planning and CostControl on Construction Sites
Abstract: Financial planning and cost control on construction projects are necessary to avert cost overruns, ensuring that the final cost does not exceed the projected capital outlay. Material management and production practices constitute financial planning and cost control measures that are mandatory to increase the profit margin of construction firms. This is against the backdrop of the likely resource commitment made by construction firms in obtaining project finance to purchase materials. …
Published in Journal of Production Research & Management · Vol. 13, Issue 2, 2023 · pp. 64–71 Read article