Inquisition on Cost & Time Overrun in Road Construction Projects in Kashmir

Abstract

The success of the project is generally acknowledged by the fact whether the project is completed within the time and budget. There are many challenges in this for completion of project within time and budget, this result in poor performance of project often. The construction cost and time overrun is most substantial problem in Jammu and Kashmir. This problem is faced by all parties like contractors, clients, subcontractors and suppliers. The aim of this research study is to find out factors that leads to cost and time overrun in road construction projects in Jammu and Kashmir. The results of this research shows the key factors that cause cost and time overrun in road construction projects in Jammu and Kashmir are Land acquisition problems, payment delay for completed work, delay in shifting of utilities inclement weather conditions, Security situation, design changes during construction, Lack of modern technology and market inflations