Causes of delay and cost overrun in Malaysian construction industry

The construction industry in Malaysia drives the economic growth and development of the country. However, the industry is plagued with delays and cost overrun which transforms what should have been successful projects to projects incurring additional costs, disagreements, litigation and in some cases abandonment of projects. This research studied the causes of delays and cost overrun in the industry and ranked them according to their perceived importance to the contractors, with a view to establishing those to be addressed by the contractors. Online questionnaires were used for data collection for this research. A total of 69 responses were analysed using principal component analysis (PCA) (factor analysis) to identify the main causes. The result of the analysis showed that delay in preparation of design document, poor schedule and control of time, delay in delivery of material to site, lack of knowledge about the different defined execution methods, shortage of labour and material in market, and changes in scope of work were the main causes of delay and cost overrun. The identified causes if properly addressed would reduce the rate of delays and cost overrun in construction projects, thus enhancing the economic growth and development of the country

Public works in north-east italy: An efficiency and risk allocation analysis

The present contribution provides an overview of public works completed and in progress in the Veneto Region, in north-east Italy. The analysis is conducted on regional data collected by the Italian government in accordance with the European Union\u2019s transparency requirements on public spending. Cost and time overruns are considered as crucial indicators of efficiency in infrastructure development and risk assessment. The paper addresses the relevance of public works, and risk assessments in infrastructure development, also dealing with the theoretical framework and relevant regulatory innovation. We compare the proportion of risks considered by the Authority for the Supervision of Public Works, Services, and Supply Contracts (AVCP) with a sample of 4,331 works retrieved from the OpenData source on public works in Italy. The analysis confirms an improvement in the efficiency of the public administration in the territory analyzed. It also highlights the potential and also the bias of the data source in terms of the reliability of the present results, and for the purposes of future research