Delay is one of most common problems in construction projects resulting in construction disputes and claims. Basically delay is the time overrun either beyond the completion date specified in the contract or beyond the agreed-upon date for delivery of the project. Most large projects are completed later than these agreed-upon dates for a number of reasons. These delays can have severe financial impact on the project. Basically delays are a net loss situation: All the parties lose one way or the other and there are no real winners. Reputations are at stake as well.
