There are about 70% projects which were delayed from the actual date of completion in the year 2011
A construction project when started is set with an original
schedule and a completion date, but most of the time it ends up being delayed.
There are various reasons because of which a construction
project is delayed. Perhaps most of the construction delays can be prevented
and planned properly for the set date.
There are various other factors which are inevitable and
lead to a construction delay. One of the important aspects before a
construction starts is to maintain the construction schedule in order to stay
on budget and complete it on time.
However the project delays in real estate have become very
common. There are about 70% projects which were delayed from the actual date of
completion in the year 2011. Most of the projects are running behind the
schedule by many months. In such instances it becomes very complicated for the
home buyers to check any potential delay in his/her project.
Project delays have become a nightmare to most of the home
buyers as they will have to wait for years. Most of the builders have an array
of clauses for the delay. Also most of them pay their home loan EMI even
without getting their home possession and other issues like building plans
being changed midway through the construction, or common facilities falling
short of expectations arise.
Major causes: No
proper planning
In most of the cases, the construction projects are delayed
due to the improper planning of the project. It is very important that a
builder should plan beforehand about the project he is going to launch.
Both the customer and the contractor will be responsible for
a proper planning. It is very important that the contractor should schedule a
sub-contractor for a project on time and if delayed, the schedule will be
delayed too. Also in most of the cases items of the contract are inaccurate and
are omitted unintentionally.
This will apparently lead to the delay of the supplies on
time and the contractor will have to wait until he gets hold of all the
supplies. Another reason for the delay is due to the customer’s unstable
decision making. Since there will be various options, the customers will be
confused between the choices which will again lead to a delay. Also the
back-orders and failure to place orders on time will cause a delay in the
project and schedule.
Shortage of workers
Shortage of workers is a major problem. The contractor or
the subcontractor is short of workers which eventually lead to a delay. There
are various problems which a worker and a contractor face while working on a
project. Also due to the lack of workers, there will be very few workers who
will be employed on the same project which also leads to a delay.
Most workers also do not show up to their work in case they
find another preferable job. Also the subcontractor might not be regular to his
job causing a delay in the job.
Waiting approvals
There are various approvals before the start of any construction
which should be approved by the concerned people. In most cases, the approvals
are ignored and delayed. Most of the contractors fail to obtain these necessary
documents.
Also in most cases the contractors have to wait for the city
inspectors to perform routine inspections before starting the work on the
project. In case there are minor errors through the inspection, the contractor
will have to wait till they are set right.
External factors
As mentioned earlier, there are various external factors
responsible for the project delay. This involves poor weather conditions like
rains, tremors, landslides and so on. Also scarcity of water, sewer problem and
other factors also lead to a project delay.
How to avoid delays
The authentication: It is very important that a property buyer
should check the relevant documents and the authentication of the project from
the builder. The buyer can visit the developer’s office to check the
authenticity.
Documents like the land ownership detail, land being
approved for residential development, project clearance and layout approval,
environmental clearance and others should be checked thoroughly.
The most important documents are the sanctioned plans. If
the sanction plan is tested while signing the deal, the buyer can confidently
go ahead with the builder. All of these documents should be scrutinized well
before choosing a developer and signing a deal. Also the property buyer can
file an application to the PRO of the authority in order to verify the land
title, approved building plan and the completion certificate of the property.
All of these procedures should be carried out in the earlier stages.
Online group
It is always better that the home buyers should be a part of
an online group. In case if the regulator is absent being a part of the online
group will safeguard the interest of the home buyers. There are various online
groups like Yahoo, Google and many more wherein one can either state a group or
join an existing one. Doing this will help the home buyer to share his/her
concern among members and get the right deals.
One of the most important steps to minimize the risks
attached with a delayed project is to go in for a construction linked payment
plan. It is advisable for the home buyer that he/she should opt for a CLP at
the time of signing a document.
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