Sentences with phrase «cost overruns»

"Cost overruns" refer to situations where the actual expenses of a project or task are greater than the expected or planned costs. Full definition
WFIRST was the top priority in the 2010 Decadal Survey, but its implementation was delayed for several years because of cost overruns on JWST.
Toshiba is seeking a minimum of $ 18 billion for the world's second - biggest producer of NAND chips and wants to get the deal done as quickly as possible to help it cover billions of dollars in cost overruns at now - bankrupt nuclear unit Westinghouse.
Sbeih said that Socotra requires a second opinion on the feasibility of any rehab project and adds 10 percent to every budget to account for cost overruns.
Plagued by cost overruns on its own satellites, NOAA has been pressured by Congress to explore commercial weather satellites, which included a mandate for the commercial weather pilot in its 2016 appropriations.
But at $ 109,000 each the Roadsters are not cheap, and like more established car makers Tesla has been hit hard by the recent turmoil in financial markets as well as by cost overruns and production delays for the car.
She added that details on how the agency will fund a massive cost overrun in the James Webb Space Telescope won't be ready until this summer.
The report did not address the clear and voluminous evidence presented two years earlier by Williams and the coalition that not only were there significant technical and environmental problems and huge cost overruns at the incinerators, but that safer alternative disposal methods were available.
By then the 2003 destruction of the space shuttle Columbia, coupled with cost overruns in several of NASA's big science missions, put tremendous strains on the agency's funding.
But just two years later, the department announced in another press release that Nova Scotia was abandoning the P3 system, citing huge cost overruns for many of the projects.
In a decision that may threaten funding for other European science efforts, the European Union's 27 member states look set this week to formally decline a request from the European Commission, the union's executive body, to provide extra money to cover cost overruns for the $ 16 billion ITER fusion reactor project.
Republican legislators who are championing the bill (HR 5049) say it's needed to curb abuses in a system that led to an $ 80 million projected cost overrun for NEON and forced NSF to fire the contractor on the $ 433 million project.
But it does not delve into several near - term issues that senators are likely to raise with Bolden, such as cost overruns on satellite projects, retirement of the space shuttle, and an expensive new human launcher now in the works.
NASA continues to suffer from cost overruns on science missions, most recently the James Webb Space Telescope, and faces questions about the future of human space exploration.
Considering nuclear power plants already have problems with construction cost overruns, any additional costs are likely to meet resistance.
Subcommittee chairman Brian Babin (R - TX) warned in his opening statement today of potential cost overruns on the program.
Landqart may not be on the mend, despite the significant capital expenditures to date, Thurso may have continuing operational problems and LSQ may see the same kind of significant cost overruns that we saw at Thurso (a 30 % overage in the capex conversion costs).
Enhanced facility services, safety, and quality, while preventing cost overruns by developing vendor contract specifications, tracking / evaluating project risks, and controlling processes.
He said misconceptions about funding probably arose when the Park Board had to refinance the original 1994 bond issue after archeological, weather and contractor problems created cost overruns that went beyond the original $ 6.2 million revenue bond issue.
The design - build process permits an expedited construction schedule compared to traditional state contracting, and offers significant cost savings with less risk to state taxpayers of design changes and resulting cost overruns.
Although the AP1000 is an intrinsically simpler design than the EPR, they both have also faced cost overruns because they are first - of - their - kind deployments.
«I am feeling better than I have in quite a while,» says Thompson, who resigned last spring just days after testifying before Congress on large cost overruns in the new information technology system.
In late 1968, the structure of the consortium took a major shift when the British government decided to pull its support in the wake of the massive cost overruns associated with the Concorde program.
Environmental disasters, such as the offshore spill in Santa Barbara and the water quality problems in Flint, Michigan, coupled with more aggressive government regulation (prior to 2017), have also led insurance companies to demand higher premiums and deductibles, and to refuse types of coverage that used to be routinely available, such as «cost - cap» environmental coverage, which protects against cost overruns for the remediation of polluted sites.
But cost overruns mean it will likely run out by early 2017.
What to write: «Increased EBIT $ 3.6 M by negotiating cost incentive clause and motivating workforce to contain expenses; turned around project experiencing cost overruns to an $ 11Msurplus, a 28 % improvement.»
Cost overrun cases necessitate a close review of the agreements and the documents relating to the work done and payments made.
«The final catalyst for gold shares may well be intense investor pressure to contain cost overruns and focus on efficiency,» observes BCA Research.
The expected cost overruns in the next 10 years alone amount to # 16bn... The simple truth is that Gordon Brown as chancellor was never willing to fully fund Tony Blair's wars.»
The Japanese group said cost overruns at U.S. power projects handled by the CB&I Stone & Webster Inc business it acquired last December from Chicago Bridge & Iron Company NV (CB&I) would be much greater than initially expected, potentially requiring a huge writedown.
«We can see that senseless and wasteful cost overruns on construction projects are destroying New York City's subway system and harming other public infrastructure priorities,» Sampson continued.
This in turn reduces cost overruns and unnecessary delays.
Such agreements have drawn criticism lately, following a New York Times article published in December that detailed some of the perils — including cost overruns and delays — of exclusively using union labor on Metropolitan Transportation Authority projects.
Skanska was having trouble building, costs were rising, and change orders were flying, I wrote that «It looks just like a classic construction dispute over cost overruns, the kind that generate jokes like this photo.»
A good deal of the audit focused on a new simulcast center and sports bar going in at Aqueduct which has suffered cost overruns.
«They have had continuing cost overruns, and the satellites are consuming a bigger share of the NOAA budget.
Many of the completed nuclear power plants suffered severe cost overruns, but the canceled plants were often even more expensive.
And that's before the almost inevitable cost overruns... This is
It did not cause cost overruns or schedule delays.
Acted as counsel to the project manager and designer involved in a dispute with the project owner concerning cost overrun, delays and responsibility to obtain permits in respect of a hydro electric project.
In Europe and the U.S. cost overruns and delays raise questions about the market for a new generation of safer nuclear reactors
JWST has experienced many cost overruns and schedule delays over its history.
Successfully resolving multimillion - dollar cost overrun claims against a team of design and engineering firms concerning the construction of a National Football League stadium.
One respondent commented that while cost overruns were increasing, firms would rather take on work and risk not making a profit than have too many lawyers not working at all.
The company's share price had stalled amid concerns around cost overruns at its Pascua - Lama mine in Chile.
Bombardier's commercial jet project has been beset by delays and cost overruns since it began in 2003, and orders have been few and far between.
a b c d e f g h i j k l m n o p q r s t u v w x y z