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.

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 ?
Budget overruns can also be caused by an attorney's failure to engage in routine cost monitoring, such as a monthly review of bills that compares costs to the case budget.
Mr Quinn said the minister gave Cabinet members a "long e x p o s i -tion" of the health budget overrun, before saying he would address the personal assistants issue.
A rating or outlook revision could take place in case of any time and budget overruns considering the completion of the firm's project, the rater explained.
The council says a pioneering partnership with the private sector, established in 2004, has transformed its construction programme by ironing out inefficiencies, budget overruns and missed deadlines.
Avoiding Budget Overruns A performance-based, capped budget agreement creates high value for the owner and minimizes the price risk.
Any notable change in business scale, margins and revenue, as well as any time or budget overruns, could trigger an outlook revision, CRISIL said.
This increase comes because of increased support costs requiring more support from utility funds and budget overruns for contractual and professional services.
The two daytime programmes are the first major casualties as the station attempts to hack budgets following huge budget overruns.
If the company finishes its project successfully without any time or budget overruns and meets its occupancy level target, CARE might upgrade the rating.
The 2004 order book includes a previously undisclosed confirmation in late December of an order from Thai Airways for six of the A380 double-decker superjumbo planes which Airbus is building at a total development cost of some pounds 8.4 billion, including pounds 1.02 billion of budget overruns.
Any future outlook revision will be contingent on the company's capacity to complete the expansion of its unit in Industrial Estate Pantnagar, Uttaranchal, and the size of time and budget overruns, if any, the rater added.
Eurofighter, which finally got the go-ahead from its British, German, Italian and Spanish backer last year, was bedevilled by technical hitches, budget overruns and hesitating politicians since development started in 1988.

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