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 ?
For example, at the 37 percent completion point, the A-12 contractors reported a cost overrun of $459 million and a projected cost overrun at completion of $354 million (Campbell & Fleming, 1991).
Despite being privately owned by the Duke, Grosvenor tries to match quoted company standards when publishing its annual report and accounts, meaning news about the cost overruns was bound to come out.
The contractor bears the burden of proving that "it could not have reasonably foreseen the cost overrun during the time of performance of the contract.
The project will be funded without the knowledge of the contractor's project cost-overrun percentage history and the potential unknowns surrounding project cost overrun.
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.
In 1990, the full-scale development contract experienced significant cost overruns.
a project is of Rs 100 crore, a cost overrun occurs amounting to Rs 10 crore.
LePatner & Associates is offering law firms in New York a free seminar, "Defending Your Client Owner Against Unwarranted Construction Delay and Cost Overrun Claims.
CRISIL believes that GJRLA[cent sign]a'[not sign]a"[cent sign]s project will continue to be delayed because of uncertainties in the quantum, and time of release, of annuity from National Highways Authority of India (NHAI; rated AAA/"stable" by CRISIL); GJRL proposes to use the annuity for funding the cost overrun.
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.
CRISIL believes that GLRLA[cent sign]a'[not sign]a"[cent sign]s project will continue to be delayed because of uncertainties in the quantum, and time of release, of annuity from National Highways Authority of India (NHAI; rated AAA/"stable" by CRISIL); GLRL proposes to use the annuity for funding the cost overrun.
Wednesday, Base stated that the debt financing comprises of $150-million of senior debt facility which will be paid out in two tranches and a $20-million cost overrun facility.