cost overrun

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  • noun

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excess of cost over budget

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References in periodicals archive ?
Rider Levett Bucknall's research indicates that national activity for construction put-in-place jumped by nearly 12 percent between the 3rd Quarter 2014 and the 2nd Quarter 2015; the unemployment rate for construction laborers decreased during the same period; and cost escalation nationally sat at 3.
The sub-committee of standing committee on finance that met here on Tuesday with Senator Fateh Muhammad Hasni in the chair resented the cost escalation of coal Pur bypass where cost land cost was 0.
The revised guidance is based on cost escalation since the June, 2011 project control estimate driven mainly by higher key consumable input and labour costs, updated infrastructure requirements and increased expenditures to maintain the production schedule.
The potential cost escalation for already strapped state budgets was clear.
Bulgaria has a contract concluded with Atomstroyexport to construct its second NPP for EUR 4 B, but this has previewed the possibility for cost escalation due to inflation, and more impotantly, delays in the project.
As a result CDA not only provided 1,000 tons of iron under the material cost escalation, but also twice increased the deadline to complete the project that could not be completed even in 2009.
This important milestone in the development of the aeroplane will take place just over a month after South Africa cancelled its order for eight A400Ms "due to cost escalation and delivery delays" The A400M programme has been bedevilled by delays - originally, initial deliveries of production aircraft to customers were scheduled for the end of this year, but are now due to start in December 2012.
Rand concluded that the biggest contributors to cost escalation are the sophisticated features and unique specs that the government requests.
Summary: Morocco has become an attractive destination for European investors thanks to its relocation sites "Casashore" and "Rabatshore", and to the very rapid cost escalation in Eastern Europe, Vice chairman of the "Groupe d'impulsion E[umlaut]conomique France-Maroc" (GIEFM) said here Monday.
Our objective is to smooth the cost of fuel and de-risk the cost escalation as far as possible,"chairman Jim French said.
How has cost escalation changed your relationship with contractors over the last few years?
Due to the unprecedented cost escalation we have experienced over the past six months, we have implemented additional price increases and surcharges, which went into effect July 1.
The report attributes private hospital cost escalation largely to the increasing concentration of private hospitals in the three main hospital groups--Netcare, Life Healthcare and Medi-Clinic.
With cost escalation going so high, this an opportunity for the district to recover from its financial woes," Rivas said.
Material prices continue to drive cost escalation," said Karl F.
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