ANALYSIS OF FACTORS CONTRIBUTING DELAYS AND CLAIMS IN CONSTRUCTION PROJECTS

Construction activities are the most competitive and it involves higher risk with minimum profitability due to competition. Construction of any infrastructural work involves complex management skills related to manpower, materials, plant, machineries, new technologies etc. It also involves many agencies interdependent on each other like the planners, structural and functional designers including various types of specialized engineers and it also includes support of financial institutions, insurers, contractors and specialized contractors. As there are prevailing labour bye laws it needs special care of their well beings. In such kind of complex and intense framework some disputes is quite natural between the agencies involved in such activities which further results in claims management as the unsettled dispute finally leads to financial claims. Higher incidences of disputes are generally reported from the construction contract. Even if there is an appropriate understanding of construction contract clauses from the agencies in the agreement yet claims seems to be a major crisis in the construction sector. The research reported in this paper aims in identifying the major factors responsible of project delay that may give rise to claims for delay damages. The in this paper research mainly highlights on finding the major components of claims with perspective of contractor for delay damages