cost overrun

American  

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

Scott, a South Carolina Republican, also said he doesn’t think Powell committed a crime when he testified before the committee about cost overruns in the Fed’s renovation of its headquarters.

From MarketWatch

There’s a good chance that DOJ officials will find a way to wind down their investigation of Powell over whether he lied to Congress about cost overruns for the renovation of the Fed’s headquarters.

From MarketWatch

TotalEnergies had already lifted in October the force majeure it declared after the bloodshed and has sought compensation of $4.5 billion in cost overruns linked to the delay from the Mozambique government.

From Barron's

Kozeracki, the Energy Department official, said in her comments at the conference that she believes the government has already provided a financial framework that essentially acts as cost overrun insurance.

From Barron's

He is facing his own criminal probe related to cost overruns during renovations of Fed properties - concerns he has called "pretexts".

From BBC