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cost overrun
noun
- cost in excess of that originally estimated or budgeted, especially in a government contract:
Additional funds had to be allocated to cover the cost overrun on the new fighter plane.
Example Sentences
For years, it has suffered delay after delay, with billions of dollars in cost overruns.
No one who has ever built a house will be surprised by all the things that go wrong in the course of their journey, but the massive expenses do put home cost overruns into perspective.
The initial contractor quit in mid-September over what it said were $800 million in cost overruns, leaving behind a 16-mile swath of ripped-up roads and mostly dormant construction sites in Montgomery and Prince George’s counties.
It also resolves the state’s and companies’ lawsuits against each over what the firms had said were $800 million in delay-related cost overruns.
However, he said, because a monorail wouldn’t require additional right of way or utility relocations, it would have a significantly lower risk of the kinds of cost overruns that have plagued the Purple Line project.
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