- Author
- Construction Industry Institute
- Title
- Concepts and Methods of Schedule Compression.
- Coporate
- Construction Industry Institute, Austin, TX
- Report
- Publication 6-7, November 1988, 30 p.
- Keywords
- construction
- Abstract
- It is control of project time, along with cost and quality, that comprise the basic goals for project management. How important is time? The phrase, "time is of the essence," is often found in the contract documents of owners, and is intended as a strong reminder to the engineer and/or constructor that the time milestones in the project have economic significance for the owner and that control of time is expected. Time control is important for the contractor as well, however, since time savings can improve profits and loss of time is costly.