Literature Review and Identification of Prominent Cost Overrun Causing Factors in Highway Projects

Abstract

The main motive of Construction companies is to achieve profits at the completion of project. This benefit in terms of money is achieved when the project is completed within the estimated budget, scheduled duration and delivering specific standard quality work. Cost overruns have been a constant source of anxiety for project developers and several studies have been conducted in order to identify major causes responsible for cost overruns. In this paper, literature survey was conducted in order to identify the most critical factors that lead to cost overruns in construction of highway projects. 10 critical factors that lead to cost overrun were identified.