Delays are encountered in a large number of projects. Schedulers and Project managers need to identify /analyse and implement appropriate corrective steps including actions to prevent such delays from re occurring. The reasons for delays are often due to, improper/insufficient planning, lack of competence/experience of some of the participants, changes in techno commercial terms, delays in permits and Force Majeure. However, in current market situation, the objectives of delay analysis has shifted to allocate the delay damages to the participants.Since there are so many stakeholders involved in construction projects, such as owners, consultants, and government agencies, a clear understanding of the project scope split and an agreed-upon integrated time schedule is essential. The duration of any project has a direct impact on the financial results of all stakeholders and hence delays need to be analysed for granting of extension of time and levying of damages on parties causing such delays. Government[...]
Posted by : N Srinivasan on June 22nd, 2022 Blogs
Designation : Advisor (Contracts)