Formwork, which holds and supports wet concrete till such time it cures, is a very vital element in concrete construction. With the globalization of Indian economy and introduction of multinationals in India for the construction and nations pride program of golden quadrilateral, it has become foremost to have speedy construction and timely completion of projects. Now days, low waste modern formwork systems for superstructure construction are commonly adopted. Formwork system effects on the cost, time, and quality of project delivery. But still these formwork systems are not much used in India and most of the contractors do not like to shift to the latest technology as they have the doubt of facing losses in the project and they are very much familiar with the existing formwork type, the conventional type. At the same time they believe that these formwork systems are bit expensive.

This paper aims to compare merits and demerits by using a conventional timber formwork system and modern formwork systems. The comparisons include costs, time, and quality of these systems. For better understanding of this topic, different construction sites are studied where most advance techniques in formwork are used and the data collected from these sites is presented in order to give comparison between modern formwork and traditional formwork system.