ABSTRACT
A construction project consists of many activities. Each activity requires some time for its completion. There have been some instances where the time limit stipulated was a few months and the projects were not completed within four to five years. The cost of completion is bound to increase due to delay, on account of increases in both the direct cost of inputs and overheads. If completion is desired in less than the optimum time, the owner should weigh the advantages of direct and indirect benefit which may thereby result, against the high cost of construction. Once the time required for completion of a project is decided it may be stipulated in the contract in any one of the following four ways: on a given date, or within a definite number of calendar months, or within a stipulated number of working days, or within a stipulated number of days.
