@article{MAKHILLIBM201913927462,
    title = {Identifying the Causes and Impact of Cost Increase and Schedule Delays in
Commercial Construction Projects in Kuwait},
    journal = {International Business Management},
    volume = {13},
    number = {9},
    pages = {423-428},
    year = {2019},
    issn = {1993-5250},
    doi = {ibm.2019.423.428},
    url = {https://makhillpublications.co/view-article.php?issn=1993-5250&doi=ibm.2019.423.428},
    author = {Ahmad A.},
    keywords = {cost,commercial projects,Kuwait construction,time,competition,risks},
    abstract = {Commercial builders in Kuwait face increased competition as a result of a slowdown in spending
and delays to project schedules. In addition, they are challenged by lapses in cash-flow as project owners
postpone contract payments. For this reason, many high-rise building contractors have declared job cuts and
are attempting to lower costs. The wealth of any country is measured by its performance in construction project
delivery within the construction industry which is inherently large, unstable and requires great capital
expenditures. For Kuwait economies, the commercial construction business constitutes a major component of
the construction industry. The aim of the study reported in this research was to identify the causes and impact
of cost increase and schedule delays in commercial construction projects in Kuwait. The study was carried out
in Kuwait through a questionnaire that surveyed 300 building owners and developers of commercial projects
in Kuwait. The results of the study confirmed the prevalence of cost increase and schedule delays in commercial
construction projects in Kuwait. What is more, the study established delay of payments to be the number one
cause of schedule delays in the Kuwait commercial construction industry, followed by the financial processes
in client organizations and the financial difficulties that accompany the delayed release of funds by client
organizations, contract adjustments and economic hardships. The study concludes that all the issues recognized
in this study need to be carefully managed, so as to avoid risks that are attributable to them through enhanced
risk and project management performed by clients, contractors and consultants.}
    }