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Physical Completion

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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.


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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.
 
 
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