ABSTRACT

Construction industry is flooded with the Fast Track Projects these days and there is always a pressure on the contractor to bid the lowest, resulting in low profit margins. To achieve the dismal profit margins, it requires massive all-round efforts to develop a schedule and control it efficiently.

Delays may occur any time on a project, even with all sincere efforts to control a project and complete on time. Delay means loss of profit and/ or risk of facing hefty liquidated damages. In absence of proper analysis and documentation, the contractor may lose grounds for delay claim, though the delay is due to the sole responsibility of the other parties involved.