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

Ostensibly, the Justice Department is investigating whether Mr. Powell deceived Congress last summer in testimony related to cost overruns on the renovation of two Fed office buildings in Washington.

From The Wall Street Journal

Powell announced in a dramatic video statement on Sunday that the Fed had been threatened with a criminal indictment over his testimony to the Senate about cost overruns on the renovation of the Fed’s headquarters.

From MarketWatch

Fed Chair Jerome Powell said late Sunday that the Department of Justice had served the central bank with subpoenas related to cost overruns for an overhaul of the bank’s headquarters.

From Barron's

The Fed has said the cost overruns are due to part to unforeseen conditions like more asbestos than anticipated and a higher-than-expected water table.

From MarketWatch

The Fed has said the cost overruns are due to part to unforeseen conditions like more asbestos than anticipated and a higher-than-expected water table.

From MarketWatch