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What is the difference between cost over run and cost escalation

    By: usericon samuelkoroh  
   Date Posted: Nov. 18, 2017
  

2 answers:

Anonymous Nov. 18, 2017

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 escalation is defined as changes in the cost or price of specific goods or services in a given economy over a period.

 

Anonymous Oct. 8, 2020

Good answer.... thanks for the answer

 
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