Overrun

(redirected from cost overrun)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia, Wikipedia.

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 ?
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.
In 1990, the full-scale development contract experienced significant cost overruns.
The agency may cut the rating if GLRL does not receive the annuity from NHAI on time for completion of the project, or there are further time and cost overruns in the project.
The agency may cut the rating if GJRL does not receive the annuity from NHAI on time for completion of the project, or there are further time and cost overruns in the project.
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.
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.
The Los Angeles lawmaker also said he wanted to know why lawmakers were kept in the dark about the cost overrun.
6 billion cost overrun on the International Space Station.
0 million) through a combination of new equity, capital cost overrun guarantees and subordinated debt.
The total cost overrun of projects with a budget of over Rs 150 crore (319 of 442) was Rs 1.