Overrun

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Related to Cost overruns: Budget overrun

Overrun

In the context of project financing, the amount of capital expenditures or funding above the original estimate to complete the project.

Overrun

The amount by which the actual cost of a project exceeds its budget. While this does not necessarily guarantee that the project will fail, it does make it more difficult to succeed. This is also called cost overrun or budget overrun.
References in periodicals archive ?
Cost overruns and projected final overruns are regularly reported on cost management reports prepared by the contractor.
The ongoing cost overruns are having a significant effect on the company's solvency and liquidity position.
The latest problem: A cost overrun of nearly $1 billion in 2011 dollars, according to groups that warned in February that the Vogtle expansion effort is a boondoggle that could hurt ratepayers and (depending on the status of a pending Solyndra-style federal loan guarantee) U.
Cost overruns will not affect Grosvenor's decision to complete the Liverpool One scheme
Cost overruns are not unique to such major projects, notes John Briscoe, a senior water advisor at the World Bank, which is a major lender to the developing world of funds for dam projects.
The press has been merciless about the Big Dig, daily bannering headlines about new corruption investigations, lawsuits, construction delays and cost overruns.
If this charge is not high enough, the price can of course be raised, and cost overruns are to be expected.
Appointment of Ernst & Young Would Mandate a Report on the Boleo Project Cost Overruns in Advance of Annual General Meeting
The lender is exploring prospects to fund projects that are yet to produce cash flows and have suffered from cost overruns due to execution delays.
The assessment of cost overruns is based on an evaluation of historic data from recent/similar projects undertaken by government contractors.
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.
Federal and state public records, obtained by Freedom of Information Act requests, document cost overruns, food safety problems and audit issues raising serious questions about Sodexo's handling of this largest-ever domestic military dining contract: