Sales completion

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Sales completion

In the context of project financing, the state in which the project has reached physical completion and has delivered product or generated revenues in satisfaction of a sales completion test.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Sales Completion

In project finance, the time at which a project has been finished, functions, and has generated the expected revenue. Sales completion applies especially to construction and other infrastructure projects. For example, an oil company may build a series of oil pumps. The time of sales completion occurs not when the oil pumps are completed and are working, but when they have pumped enough oil to meet revenue expectations. Another example is a new apartment building that has collected enough rent to meet expectations for the owner(s). See also: Physical completion.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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McCarthy & Stone, which specialises in housing for retirees, has said its sales completions fell in the year ended August 31, down from 2,302 units to 2,134 units.
The firm's sales completions fell in the year from 2,302 units to 2,134 units.
A great asset to the team, Danielle has a good track record in sales completions and, together with the rest of the team at Blacks Estate Agents, Danielle knows that being a sales negotiator takes a lot of hard work, dedication and passion.
The group reported a 4% rise in average selling prices to pounds 160,700 over last year as sales completions rose by 5%.
The company followed on from the likes of George Wimpey and Persimmon when it reported higher sales completions and a healthy order book.
The company yesterday followed on from the likes of George Wimpey and Persimmon when it reported higher sales completions and a healthy order book.
The company said sales completions for the financial year ended June 30, 2006, were up 8% to 4,735, helped by a 9% gain for its core Signature range.
e company has seen sales completions and average selling prices rise as the UK's housing market has entered a period of better health over the past 12 months.
Barratt is bringing more of its recently acquired higher margin land into production and expects this to contribute more than a third of this financial year's sales completions. In the first half, it opened 80 sites, completed work on 57, and at the end of December, had 400 "active" sites compared with 366 a year before.
Wimpey's core private housing business was hardest hit last year although its smaller affordable houses saw sales completions jump 48 per cent and prices improve ten per cent.
Newcastle-based housebuilder Barratt Developments today said there were signs buyer confidence had returned to the market following a lift in sales completions and profits.
But chief executive Stuart Wright said the shortfall was due to the timing of building and sales completions.