Abstract

Completing international development projects within the planned timeframe is a task of great significance of the implementation of development projects. This paper analyzed the extent of delays and the factors contributing to delays with respect to 226 development projects in the construction sector across 19 countries financed by one of multi-lateral development banks. It was confirmed that delays are relatively more prevalent in the initial phases including loan approval, signing a loan agreement, consultant recruitment, detailed design, and contractor selection than in the later phases of physical construction in earnest. The analysis of factors contributing to delays found that the extent of delays was shorter in the case of better governance of recipient countries, but had no significant relationship with economic situations of recipient countries. Among variables of project characteristics, the extent of delays was greater in the case of a shorter planned project duration and a larger amount of planned project costs. This study differs from previous papers in that it categorized the delay factors with project documents and analyzed the determinants of delay through statistical analysis.

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