Implementing eichelay formula in govt. Construction projects (Record no. 21282)

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040 ## - CATALOGING SOURCE
Original cataloging agency AIKTC-KRRC
Transcribing agency AIKTC-KRRC
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9 (RLIN) 23962
Author Mahesh, Ch.
245 ## - TITLE STATEMENT
Title Implementing eichelay formula in govt. Construction projects
250 ## - EDITION STATEMENT
Volume, Issue number Vol.28(2), Apr-Jun
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. Pune
Name of publisher, distributor, etc. NICMAR
Year 2013
300 ## - PHYSICAL DESCRIPTION
Pagination 53-62p.
520 ## - SUMMARY, ETC.
Summary, etc. In India, construction is the second largest economic activity after agriculture, and will account for nearly 65% of the total investment in infrastructure sector in the next five years. Investment in construction industry accounts for nearly 11% of India's GDP. In general, construction projects are executed through contracts which are complex and not easy to comprehend even by experienced professionals. With advancement in technology and huge requirement of infrastructure in developing countries like India, there will be a huge increase in size and complexities of the nature of projects. This gives rise to ambiguities in the prevailing contracting methodologies eventually making contract documents more complex and difficult, causing adverse impacts such as increase in number of claims and disputes besides time and cost overruns. Studies and research on the problems of the construction industry have pointed out some fundamental causes of project failure; one of which is the proliferation of claims, disputes and litigations in the construction industry. To overcome this scenario, it is essential to develop a system that can assist the contract administrators to understand and evaluate the worth of their claims prior to taking it for litigation. The long gestation periods and the thin spread of resources are the main reasons for delay in completion of a number of ongoing projects. An attempt has been made here to introduce Eichelay formula to achieve this objective in case of disputes arising out of Time Delay and Extensions. Considering the above facts in the construction industry with reference to some specific government projects, a study has been carried out.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
9 (RLIN) 4690
Topical term or geographic name entry element Construction Engineering and Management (CEM)
700 ## - ADDED ENTRY--PERSONAL NAME
9 (RLIN) 23963
Co-Author Reddy, B. Ramkaran
773 0# - HOST ITEM ENTRY
Place, publisher, and date of publication Pune National Institute of Construction Management and Research(NICMAR)
Title NICMAR Journal of construction management
International Standard Serial Number 0970-3675
856 ## - ELECTRONIC LOCATION AND ACCESS
URL https://publications.nicmar.ac.in/user/publication/viewissues/47
Link text Click here
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme
Koha item type Articles Abstract Database
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          School of Engineering & Technology (PG) School of Engineering & Technology (PG) Archieval Section 2024-06-29 2024-0806 2024-06-29 2024-06-29 Articles Abstract Database
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