Title :
Risk factors influencing time and cost overrun in multiple D&B projects in Malaysia: A case study
Author :
Ramanathan, CT ; Potty, Narayanan Sambu ; Idrus, Arazi Bin
Author_Institution :
Dept. of Civil Eng., Univ. Teknol. PETRONAS, Tronoh, Malaysia
Abstract :
Currently Design and Build (D&B) has gained popularity in the construction industry due to its attractive financial aspects. The development projects are implemented by D&B because of its special nature, crucial time requirements and size. Many D&B projects ended in the hands of contractors lacking knowledge on the other major constraints of this procurement method. They are basically committed by judgement and inadequate experience and unable to execute the project within the agreed time and price. The risk is more while committing to multiple simultaneous projects. This paper is a part of the research involving seven (7) case studies on actual multiple D&B projects. Site visits and project documents provided the core data for the case studies. The characteristic background of each project is presented with contractor´s, consultant´s and owner´s opinions. From the collected information, data on the factors influencing time and cost overruns were summarized. The researcher´s opinions on each case study are provided in conclusions.
Keywords :
construction industry; costing; procurement; project management; risk management; D-and-B project; Malaysia; construction industry; cost overrun; design-and-build project; financial aspect; procurement method; risk factor; time overrun; Bridges; Contracts; Delay; Government; Lead; Materials; Meteorology; Design& Build; Multiple projects; Time & cost risk;
Conference_Titel :
Industrial Engineering and Engineering Management (IEEM), 2011 IEEE International Conference on
Conference_Location :
Singapore
Print_ISBN :
978-1-4577-0740-7
Electronic_ISBN :
2157-3611
DOI :
10.1109/IEEM.2011.6118037