COST OVERRUN FACTORS: EXPLORATION FROM THE PERSPECTIVE OF CIVIL WORKERS

Abstract

The achievement of any project depends on the completion of project within specified time period and
estimated cost. Hence this study aims to explore cost overrun factors from the aspect of civil workers in
Tamil Nadu. A total of 500 civil workers were contacted and questionnaires were self administered to those
civil workers for obtaining responses. Out of 500 samples, 460 samples were taken for further analysis
after eliminating the response bias. Civil workers stated that the most of the projects gets delayed due to
cost overrun issues. Here in this study, factors affecting cost overrun are material related factors,
machinery related factors, money or finance related factors, manpower related factors, project
management and contract administration related factors, and information and communication related
factors.