Delay Reporting Within Cost Accounting System

Abstract

There is an imbalance in the visibility of costs of delays in the daily construction site work routine and the costs of overhead expenditures which to a large extent determine the magnitude of these delays. This imbalance frequently means that overhead expenditures are carefully scrutinized while delay costs may be totally ignored. The resulting suboptimization may not result in the lowest total project cost. A procedure is proposed to address this problem. The procedure works within existing cost accounting systems and is a modification of existing foreman-delay survey methods.