Runway Overrun definition
Runway Overrun means a graded area beyond the Runway Threshold to accommodate aircraft in the case of an overrun on landing and to accommodate certain landing aids used during aircraft landing approaches;
Cost Overrun means an obligation exceeding the maxi- mum capital expenditure authorized by an approval.
Construction Phase means that Phase of the Project which shall commence after the Authority provides the Trade Contractor with written Notice to Proceed with the Construction Phase.