Detail Analysis of Delay in Construction Projects

The construction industry is large, volatile, and requires tremendous capital outlays. Delays occur almost in every construction project and the significant of these delays varies considerably from project to project. In construction, delay could be defined as over run of a time either beyond completion date specified in a contract, or beyond the date that the parties agreed upon for delivery of a project. It is a project slipping over its planned schedule and is considered as common problem in construction projects. To the owner, delay means loss of revenue through lack of production facilities and rent-able space or a