Published Paper Details:

The construction industry is the most dangerous sector of economy. Construction projects are characterized as very complex projects, where uncertainty comes from various sources. Construction projects gather together hundreds of stakeholders, which makes it difficult to study a network as a whole. But at the same time, these projects offer an ideal environment for network and risk management research. Cost saving and time performance are usually essential to all parties who are involved in a construction project, that is owner, contractor, subcontractor. The main causes of disputes in construction projects involve delay and failure to complete the work in the specified cost and time frame. The delivery time of a project is a key factor to the owner in terms of cost as much as it is for the contractor. As such, the objectives of the presented research in this paper are to identify, study, and assess the effect of the factors that affect cost and time contingency.