60% of Construction Projects Don't Finish on Time: Here's Why

It's a widely known fact in the construction industry that there are a lot of projects which don't meet their deadlines - up to 60% of construction projects fail to finish on time. But why is this such a common issue?

Read on to learn about the main causes of delays and how companies can prevent them.

Material Issues

Delays in construction timelines may happen due to material shortages and delivery problems. Failure by materials to arrive at an agreed-upon time or those not meeting the required standards would lead to re-settlement of the whole project. For example, using unreliable suppliers who deliver substandard materials can cause significant delays and added costs.

Companies must go for quality materials along with trusted vendors - whether it's the supply of a precast dock leveller system from a known supplier or excavators with reliable machines.

Still, having standby plans for material shortages or delays can forestall project failure. Even if the materials fail or deliveries aren't on time, contingency plans can prevent the project from exceeding its time frame.

The Plan Doesn't Work Out

One of the most common reasons for delays in construction projects is that the initial plan just doesn't work out. There could be many reasons for this, like unrealistic timelines, incomplete designs or underestimating resources. If the plan lacks substance or feasibility, it's highly likely to cause delays.

If companies want to avoid this, they must spend enough time in the planning stage. That includes creating a well-detailed schedule and anticipating possible adversities. Architects, engineers, and contractors must all be involved during the planning phase to ensure comprehensive and realistic plans.

Financial Delays

Another significant reason behind project delays is financial issues. It can range from inadequate funding to slow payment processes. Where money doesn't flow as expected, work may halt. Contractors might delay or stop working if they are not paid on time, while suppliers can hold back some materials. That definitely happens often in the UK!

Having adequate funding before the commencement of the project and maintaining positive cash flow will help reduce such delays. A clear understanding between all parties regarding payment schedules can also prevent misunderstandings and financial hold-ups.

Customer Demands

Changes in customer demands and expectations can also lead to delays. Sometimes, clients may request changes to the design or scope of the project after work has already begun. In both cases, these changes disrupt the work, causing further delay.

Clear and detailed project requirements must be set out at the onset and adhered to as closely as possible. Any adjustments must be debated, discussing their implications on the time frame and cost implications for client information purposes. Companies shouldn't always agree to customer demands. Having a well-defined change management system will help keep back customer's anticipation, thereby reducing disruptions.

It's a matter of concern that 60% of construction projects don't finish on time, but knowing these reasons can create room for solutions. These are essential tactics for achieving successful and timely project outcomes in construction - companies have to start implementing them.