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

For years, it has suffered delay after delay, with billions of dollars in cost overruns.

From Washington Post

No one who has ever built a house will be surprised by all the things that go wrong in the course of their journey, but the massive expenses do put home cost overruns into perspective.

From Washington Post

The initial contractor quit in mid-September over what it said were $800 million in cost overruns, leaving behind a 16-mile swath of ripped-up roads and mostly dormant construction sites in Montgomery and Prince George’s counties.

From Washington Post

It also resolves the state’s and companies’ lawsuits against each over what the firms had said were $800 million in delay-related cost overruns.

From Washington Post

However, he said, because a monorail wouldn’t require additional right of way or utility relocations, it would have a significantly lower risk of the kinds of cost overruns that have plagued the Purple Line project.

From Washington Post