Importance Of Speed In Construction

Then there is a question whether speed also comes at a cost? Few organisations have a provision of incentives in case a work is completed before schedule date of completion. It means, in case a project is completed at a faster speed, it is costly as organisation has to pay incentive. It is also known that if a project is delayed, it results into cost overrun as time overrun is said to be directly related to cost overrun. Hence, in both conditions, speed has a cost. But discussion is not limited to this cost. For speedy construction, one has to invest more on materials, labour or on technologies and this can be considered as cost of speed. This cost goes on increasing in case there is a large gap in the supply and demand. Recently concluded

Basic difference between developing countries and developed countries is the availability of infrastructure and technologies which play an important role in the quantity and speed including in the quality and non availability of the infrastructure and technologies further makes difficult to achieve these three in developing countries. But then the infrastructure comes at a cost and a developing country cannot cope up with the developed countries. Thus cost may be an important factor in the quality, quantity and speed of desired entity. Few years back, road work was being done manually at a very slow speed. Now mechanisation has come and the speed has gone up so also the quality and quantity. If the cost of manual construction is compared with latest mechanised construction, it has come at a cost. Delhi Metro has been constructed at a speed and Delhi Metro Rail Corporation tried to achieve quality and quantity and was successful to a large extent but at an additional cost. There are some people who are good in Mathematics and apply it in the works without considering its implications. If a work of ‘A’ quantities and ‘B’ specifications (quality) is to be completed in two years and its cost is ‘X’, as per their calculation, it can be completed in one year also at the same cost as there is no increase in the quantity or deviation in the quality. Thus according to their calculation, there is no cost to speed rather they show saving due to establishment cost required for a lesser time. Suppose a client says to construct a stadium and normally it takes one year but if the time is said to be compressed with high speed, does it not add to cost? Speed means earlier than the normal like an emergency situation. And we know that even a doctor and hospital charge more in case of emergency. It appears that speed has a cost even if other two i.e. quality and quantity are constant. Let