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.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use cost overrun in a sentence
For years, it has suffered delay after delay, with billions of dollars in cost overruns.2021 could be a huge year for space. Here’s what’s to come from NASA, Elon Musk, Richard Branson and Jeff Bezos. | Christian Davenport | December 30, 2020 | 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.A journey to the bottom of the oceans — all five of them | Lucinda Robb | December 18, 2020 | 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.Maryland board approves $250 million legal deal to complete Purple Line construction | Katherine Shaver | December 16, 2020 | 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.Maryland will pay Purple Line firms $100 million by Dec. 31 under legal settlement | Katherine Shaver | December 11, 2020 | 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.Monorail between Montgomery and Frederick counties would generate billions in economic benefits, study says | Katherine Shaver | October 29, 2020 | Washington Post