Abstract
One important and well-known issue for the majority of construction projects such as buildings, roads, bridges, airports and many more projects all over the world is time and cost overrun. Project pricing and time period delay are also major issues. The current investigation is taking into consideration the mega construction projects in the provinces of Pakistan, looking into various components controlling and dominating time and cost overrun. A total of 29 factors were identified from literature work and one questionnaire was designed and distributed among 160 respondents. All collected data were analyzed by the average index method. Factors having value more than 3.6 were selected as main factors of cost and time overrun, and five factors were revealed to surpass this barrier. Time and cost overrun are of the leading financial mismanagement issues of the economy of Pakistan. This study will be helpful for stakeholders to control both cost and time overrun in the mega construction projects of Pakistan.
Highlights
In an emergent state such as Pakistan, numerous mega projects have been completed or are under construction with the prop up from the government
The main aim of this review is to look at the components causing time and cost overrun during construction, on mega projects in all provinces of Pakistan and to identify the most important factors/causes
The mean value was calculated of each factor and factors having a mean value of more than 3.6 were identified as dominant factors of cost and time overrun in mega projects in Pakistan
Summary
In an emergent state such as Pakistan, numerous mega projects have been completed or are under construction with the prop up from the government. Pakistan is one of the countries facing these problems These drawbacks are low quality and productivity, cost surplus, low construction ravage administration, time overrun, and low protection achievements [3,4,5,6]. Cost overrun has a main burden on the whole development of a country [7] It was discussed [8] that these factors were inadequate events for any construction project to be completed at the predicted price and time. The main aim of this review is to look at the components causing time and cost overrun during construction, on mega projects in all provinces of Pakistan and to identify the most important factors/causes
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