METHODOLOGICAL FRAMEWORK FOR THE ANALYSIS OF THE COST OF DELAYS IN THE CONSTRUCTION OF MOTORWAYS
Abstract
Delays in the construction of highway infrastructure are a universal problem and are very common and present in the world. Delays in the construction of highway infrastructure result in increased costs. Most scientific papers and studies deal with the causes of delays, while the costs associated with project delays are very rarely analyzed in the literature. With this in mind, the aim of this paper is to define a methodological framework for the analysis of the costs of delays in road construction. On the basis of a defined, methodological framework for the analysis of the cost of delay, it is possible to define the total cost of delay. The results obtained in this paper can help decision-makers in defining a new policy to reduce delays in road construction in order to reduce project losses and costs.
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