cost overrun

noun

1. 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

Hosting the international sporting event is already a financial risk because the city is responsible for cost overruns.

From Los Angeles Times

The company also has suffered cost overruns in building the Habitation and Logistics Outpost to house astronauts returning to the moon as part of NASA’s Artemis program.

From Los Angeles Times

Their only value is to the defense contractors who line their fat pockets with large cost overruns at the expense of our taxpayers.

From Salon

The net was originally scheduled to be completed in 2021, but infighting between builders and the government caused delays and cost overruns.

From Los Angeles Times

The two ferries were originally due for delivery in 2018 but have faced repeated design challenges and cost overruns.

From BBC