How to Use Delay Analysis Methods in Construction
Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your construction bond needs. Time Is Money There are few industries in which the old saying, “Time is money” holds as true as it does in construction. Construction delays can have a significant impact, which raises immediate concerns about how long, how much, what went wrong, and who’s responsible. The answers to questions like these are not always clear-cut, and thorough analysis may be required to resolve delay claims—a process referred to as forensic delay analysis. Critical vs. Non-critical Activities The starting point is determining whether the delayed activities are critical or non-critical. That determination is based on how many days an activity can be delayed (the “float”) without delaying the entire project. Critical activities have zero float, meaning a delay of even one day will delay the whole project. Non-critical activities only become critical when a delay exceeds their float. Common Causes of Construction Delays Causes of construction delays generally fall into these categories: Contract errors or omissions (e.g., missing, incorrect, or...
Read more
