The industry of construction involves various contracts, bargain deals, work completion promises, material purchase, brokers and what not. In simple words, the work of construction consists of numerous complex activities and operations. Not only this, construction projects require heavy investments, and therefore, financial matters are also involved. Proper recruitment of human resources, acquisition of tangible and intangible assets demands professional skills and interpersonal capabilities to deal with potential risks. However, risk factors are always to be kept in mind while dealing with the projects of construction. Sometimes, a situation arises when things go beyond the hands of contractors in terms of low-quality work, fixation in projects and delay in the completion of activities in the scheduled time. In such a situation, disputes arise owing to delays in project completion. It is imperative for construction projects to be completed in time. So, construction