completion test definition

completion test

Step by step evaluation of a completed project's ability to (1) meet its design specifications, (2) perform as planned, and (3) generate the expected cash flows. After the completion test, the project moves from recourse financing (construction loan) to non-recourse financing (permanent financing).

completion test is in the Agreements & Contracts, Banking, Commerce & Finance and Project Management subjects.

completion test appears in the definitions of the following terms: completion and completion risk

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