Word: overrun
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...cost overrun on the construction of Canaday Hall will absorb the $70,000 estimated surplus from the operation of the dormitory this school year, administration officials said yesterday...
...fast-track design of the dormitory, in which building began before plans were complete, resulted in a $300,000 overrun on the construction beyond the $3 million projected expense...
...Chase N. Peterson '52, vice president for alumni affairs and development, said yesterday that his office will not ask Ward M. Canaday '07 to finance the near-$300,000 cost overrun on the construction of Canaday Hall...
Peterson said that Canaday signed "what was in essence a contract" when he agreed in spring of 1973 to donate close to $3 million to build the freshman dormitory. That "contract" does not obligate Canaday to cover the overrun on the building, he said...
Canaday said late last week from Toledo, Ohio, that he was not told of the overrun on the construction, and that no "pressures" were placed on him by fundraisers while he was in Cambridge two weeks ago for the building's inauguration...