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.

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Example Sentences

The Artemis program has also been plagued by delays and massive cost overruns.

From Barron's

The government is to order the company building the project to consider lower speeds on the line from London to Birmingham, which has been hit by delays and cost overruns.

From BBC

Last week, a Department of Justice investigation into Powell over cost overruns related to Fed building renovations ran into an obstacle when a federal judge quashed subpoenas in the case.

From Barron's

Last June, Powell testified before the Senate Banking Committee about cost overruns on the Fed’s $2.5 billion Washington headquarters renovation External link.

From Barron's

She criticised the decision to toss out the subpoenas filed by her office, which sought to compel the central bank to produce information about cost overruns at renovations of its offices.

From BBC