Completion risk

Completion risk

The risk that a project will not be brought into operation successfully or be able to pass its completion test.

Completion Risk

The risk that a project may not be completed and/or produce revenue, either because the financing was cut off before completion or because the project's construction was done poorly. See also: Completion Test.
References in periodicals archive ?
months each to undertake a technical study to help establish a Project Completion Risk Guarantee
At the project level, project completion risk is mitigated by the strong track record of and back-to-back performance guarantees provided by the EPC contractor, Samsung C&T (KL) Sdn Bhd (formerly known as Samsung Engineering & Construction (M) Sdn Bhd).
The agility of Genesis to adjust construction activities based on construction issues is a favorable mitigant to completion risk.
The Bank previously attempted to work in this field, but was limited by the challenges of managing the completion risk of projects.
The completion risk of the project has been eliminated owing to successful achievement of Commercial Operations Date (COD) on June 09, 2010, though a little delayed.
In Parallel Istisna'a the IIFS may be exposed to completion risk when an advance payment has to be paid by the IIFS and the sub-contractor does not complete the work.
The Wild Oats share price barely went down and thus did not begin to reflect completion risk until two months later, when the arbs understood and sent it down 20% from its level prior to Mackey's candid statement.
When the leases are on Rolling Stock that has not been constructed, completion risk must be added to the risk equation.
Completion risk is the risk that a project is completed on time and within budget.
Scope of Work : The Asian Development Bank (ADB) is seeking to recruit two (2) staff consultants for three (3) person months each to undertake a technical study to help establish a Project Completion Risk Guarantee Facility for India (PCRGFI).
The track record and creditworthiness of the contractors and the reasonable construction schedule of 45 months offer moderate protection from project completion risk.
It comprises 1) completion risk, 2) market risk, 3) legislative risk, 4) force majeure, 5) operation cost risk, 6) inflation risk, 7) interest rate fluctuation, and 8) government subsidy as shown in Table 3.