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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.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples for cost overrun
  • One surprise that happens in almost all cases is the dreaded cost overrun.
  • The funds will be used to cover a cost overrun for road improvements to a new industrial area.
  • The funds will be used to cover a cost overrun for road improvements to new industrial area.
  • When there is a cost overrun, the contractor absorbs this overrun.
  • The recipient must include an explanation of any cost overrun by budget object cost category.
  • Billing for any cost overrun must be pre-approved by customer.

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