Overrun

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Overrun

In the context of project financing, the amount of capital expenditures or funding above the original estimate to complete the project.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Quijano said the expansion of the canal had reached 96%, but the GUPC, which is led by the Spanish construction company Sacyr and also includes the Italian company Impregilo, the Belgian company Jan de Nul, and the Panamanian company Cusa, has threatened to bring the project to a standstill yet again if the ACP fails to pay for the budget overruns.
The budget overruns are now likely to force the HSE to generate further cost-savings, possibly by treating more people as day patients.
According to Audy, the Commission is very much responsible with ITER facing budget overruns and delays.
"Using Tekla's BIM solution construction companies can streamline their project cycle, effectively cut costs, and manage waste that otherwise could jeopardize the existence of a project, and avoid potential time delays and budget overruns," said Reza Mashayekhi.
Technical problems and delays have caused budget overruns on Europe s biggest defence project.
Budget overruns - an artist's impression of the Airbus A400m
Countries building nuclear power plants in the Mena region must have a clear strategy in place and also plan early on safety and operational aspects to avoid double work and budget overruns, said a study by leading consulting firm AT Kearny.
IN these days of economic crisis, budget overruns, earmarks, and multibillion-dollar bailouts, when Americans are being forced to tighten their own belts, one of the most automatic earmarks - a bailout by any measure - goes to a foreign government but is little understood by most Americans.
Obama said defence budget overruns were particularly severe in Iraq - where around 150,000 private contractors are working for the US military - saying too much money had been paid out "for services that were never performed, buildings that were never completed, companies that skimmed off the top".
The federal money to the project would appear to solve what has become one of the transit authority's most public failures, even on a list of projects that appear to be in tough financial straights due to budget overruns and the MTA's difficult fiscal situation in general.
A former associate administrator at NASA says budget overruns have become a "cancer ...
Voices: Tinker Bell Mae Whitman Rosetta Kristin Chenoweth Iridessa Raven-Symone Silvermist Lucy Liu Fawn America Ferrera Fairy Mary Jane Horrocks Terence Jesse McCartney Clank Jeff Bennett Bobble Rob Paulsen Vidia Pamela Adlon Queen Clarion Anjelica Huston After enjoying immense success with direct-to-video sequels and prequels to classic toon features, Disney hunches a new DTV franchise with "Tinker Bell," a kinda-sorta spinoff from the Mouse House's 1953 version of "Peter Pan." Despite reports of creative differences and budget overruns, the finished CG-animated product is a polished, pleasant trifle that should enchant wee ones during hours and hours of repeat viewings; pic qualifies as the homevid equivalent of a pacifier.

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