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If the projected final cost differs from the total budget, the contractor is predicting a cost overrun at completion.
Turkey announced that it would not pay extra money for the cost overruns.
This lack of certainty and knowledge makes it difficult or impossible to make informed funding decisions, which often leads to cost overruns and schedule delays.
The cost overruns will not affect Grosvenor's intention to complete the scheme.
Moshman responded that prior to the end of the contract, it could not have known of the subsequent cost overrun.
With the modeled cost overrun percentages and fractiles, the total estimate, and cost factor division estimates, the DCM computed the lowest total expected cost contractor for the construction project.
Australia's coal seam gas operations will have to work together to avoid cost overruns and meet tight project completion goals as key resources are in short supply, a Wood Mackenzie executive said.
BERLIN, Jan 26, 2010 (TUR) -- Talks on Airbus A400M military cargo plane project cost overruns, between the client countries and European Aeronautic Defence and Space Company (EADS) resumed Tuesday in Berlin.
SANTA CLARITA -- Spurred by a report of millions of dollars in cost overruns on modernization projects, the William S.
The dispute related to cost overruns in connection with the rebuilding of the drilling rig Borgland Dolphin.
BERLIN, Jan 22, 2010 (TUR) -- European Aeronautic Defence and Space Company (EADS) and client countries failed to reach agreement at the meeting on announced cost overruns in Airbus A400M military cargo plane project.
Their strategy was, ostensibly, to come in low with the full understanding that some cost overrun would be inevitable later.