What is slippage in construction terms?

In construction terms, slippage refers to the difference between the planned progress of a project and the actual progress achieved over a specific period. It often indicates delays or deficiencies in work completion, which can lead to increased costs and extended project timelines. Slippage can arise from various factors, including labor shortages, unforeseen site conditions, or supply chain issues. Monitoring slippage is crucial for project management to ensure timely completion and adherence to budgets.