"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.
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.
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.
Many of the completed nuclear power plants suffered
severe cost overruns, but the canceled plants were often even more expensive.
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
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.
Phrases with «cost overruns»