| gen. |
cost overrun (cost in excess of that originally estimated or budgeted, esp. in a government contract: Additional funds had to be allocated to cover the cost overrun on the new fighter plane. RHWD. Alexander Demidov); overrun (1. also cost overrun ACCOUNTING an occasion when something costs more to develop and produce than was originally planned, or the amount of money involved in this: • The Pentagon is expecting overruns of as much as $2.6 billion on its cargo plane program. • Almost from the start, the cost overruns were as staggering as the project itself. 2. AmE MANUFACTURING an extra quantity of things that is produced, which may not be needed: • production overruns. LBED Alexander Demidov); budget overrun (A cost overrun, also known as a cost increase, underrated or budget overrun, involves unexpected costs incurred in excess of budgeted amounts due to an underestimation of the actual cost during budgeting. Cost overrun should be distinguished from cost escalation, which is used to express an anticipated growth in a budgeted cost due to factors such as inflation. Cost overrun is common in infrastructure, building, and technology projects. WK Alexander Demidov) |
