Physical completion

Physical completion

The state in which a project is physically functioning, but not yet fully generating cash flow.

Physical Completion

The time at which a project has been finished and functions, but is not yet generating revenue. Physical completion applies especially to construction and other infrastructure projects. For example, an oil company may build a series of oil pumps. The time of physical completion occurs when the oil pumps are completed and are working, but have not yet pumped any oil. Another example is a new apartment building that is ready for tenants, but in which no apartments have yet been rented.
References in periodicals archive ?
This will result in physical completion of infrastructure projects that have been held up.
The physical completion of the Mexico complex, made by the subsidiary Braskem-Idesa, reached 95% completion and the pre-commissioning activities continued to progress, with the startup of the first steam generation boiler.
While the physical completion of the building was completed at the end of May, Irvine Sellar, the founder and CEO of developer Sellar - Qatar's partner in the project - told Building.
So for the FMC expansion project, when we were still a year away from mechanical completion, we wanted to take advantage of that experience and focus on training of the entire team to ensure that the baton wasn't dropped between the physical completion of the project and the start up of the manufacturing environment," says Skibo.
Mr Kinsella added: "This wonderful facility has remained empty since physical completion in March, 2009.
The projects range from consulting to actual physical completion of projects and to marketing/disposition.
45 billion facility arranged in 2005 to finance physical completion of the Dolphin gas project.
The contractor plans to finish the physical completion portion of the cleanup at Rocky Flats in late October 2005.
Aside from periodic verbal briefings, senior management did not receive regular financial status reports, and there were no formal reports on the physical completion status of the project.
If Euro-aid is to mean anything to the residents of this region, it must also be marked out by efficiency of purpose, a measurable momentum of progress, and the manifestly physical completion of projects which actively contribute to the feel good factor in people's lives.
Berkeley said the changes, which now reflects the sales of homes on their physical completion rather than legal completion, will also hit backdated pre-tax profits for the year ending April 2001 by pounds 8.

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