cost overrun

noun

1. cost in excess of that originally estimated or budgeted, especially in a government contract.

   Additional funds had to be allocated to cover the cost overrun on the new fighter plane.

Example Sentences

His experience at Exelon was instructive in how construction delays and cost overruns can push power companies into debt spirals.

Read more on Barron's

Without clear accountability, those in charge of completing construction throw discipline to the wind and treat cost overruns as inevitable rather than unacceptable.

Read more on The Wall Street Journal

Efforts over the past decade to build simpler LNG carriers in the U.S. have run into delays and cost overruns.

Read more on The Wall Street Journal

But the city government will have to cover the first $270 million of any cost overruns or revenue shortfalls — and where on earth would that money come from?

Read more on Los Angeles Times

Legal experts have said cost overruns on the construction project would not typically meet that bar.

Read more on BBC