(redirected from cost overrun)
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia, Wikipedia.
References in periodicals archive ?
If the projected final cost differs from the total budget, the contractor is predicting a cost overrun at completion.
Given all of the partners involved in Vogtle project, the cost overrun would break down as follows: Georgia Power ($400 million); Oglethorpe ($263 million); MEAG Power ($199 million); and the City of Dalton ($14 million).
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.
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.
A one-year delay in the project timeline could lead to a loss in value of a quarter, and both a one-year delay and cost overruns of 10 to 30 per cent, project value would plummet by 43 to 78 per cent.
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.
LePatner & Associates is offering law firms in New York a new and informative seminar, "Defending Your Client Owner Against Unwarranted Construction Delay and Cost Overrun Claims.
This includes a US$50 million cost overrun facility from the bank group that is funded 50/50 with equity.
There has been some criticism over the cost overrun, since Los Angeles officials initially were told the city's expenses would be about $11 million.