Qualitative analysis of Time delay and Cost overrun in Multiple Design and Build Projects
Nowadays projects are more complicated involving huge contract values, participants from multi-discipline, more specialized works, tighter schedule, stringent quality standards, etc. Ultimately, cost and time are the two key parameters that plays significant role in a project success. The study focu...
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| Main Authors: | , |
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| Format: | Conference or Workshop Item |
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2014
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| Online Access: | http://eprints.utp.edu.my/11039/1/ICDMCME%20%28Rama%29%20Bali%202013-08-12.pdf http://eprints.utp.edu.my/11039/ |
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| Summary: | Nowadays projects are more complicated involving huge contract values, participants from multi-discipline, more specialized works, tighter schedule, stringent quality standards, etc. Ultimately, cost and time are the two key parameters that plays significant role in a project success. The study focuses on multiple Design and Build (D&B) project which has complicated risk and is governed by fixed contract sum (Lump sum). As such, there is no such specific study to address this problem faced in Malaysia construction industry. Qualitative research was applied at three stages of projects for time delay and two aspects for cost overrun. This paper presents one aspect each for time delay and cost overrun. This benefits the industry in managing projects proactively with appropriate risk response plan to the respective region.
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