Overrun

(redirected from overruns)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.

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 ?
Average cost overruns at various contract completion points are compared with projected final cost overruns estimated by contractor and government personnel.
The claimed cost overrun is roughly half of Grupo Unidos por el Canal's original $3.
The time overruns are likely to be accompanied by cost overruns also and vice versa.
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.
When it comes to individual ministries, it's the railways where the cost overrun of projects is a whopping 82 per cent of the original cost.
Parties failed to reach an agreement on how the 11 million Euro cost overrun would be shared, at the last meeting on January 26, which was attended by Airbus President Thomas Enders and EADS President Louis Gallios and undersecretaries from client countries: Belgium, Britain, France, Germany, Luxembourg, Spain and Turkey.
From 2000 to 2007, auditors who examined major US weapons contracts found that cost overruns added up to $295bn - a 700 per cent increase during the administration of George Bush, Obama's predecessor - while delays rose from 16 months to 21 months.
One of the most significant overruns is the cost of demolishing the existing stadium and erecting recreational facilities in its place.
Technical complexity accounts for an ever-increasing percentage of weapons' cost overruns, according to Deloitte.
NR was fined a record u14 million by the Office of Rail Regulation (ORR) for the overruns, the worst of which was at Rugby on the busy London to Scotland East Coast Main Line.
The committee said the overruns were "unacceptable" and it was also "deeply concerned" about rising fares.