Project Finance: What Shows Your Project Is Ready to Operate?
Does your project finance plan show what happens between construction completion and actual operations? Prepare a dated readiness plan that identifies the remaining technical work, responsible parties, supporting evidence, and cash needed before the project can perform its intended activity. A finished building or an installed asset does not, by itself, explain when customer receipts can begin. The useful answer is a clear sequence reviewed by the project’s technical and operating teams. Keep completed work, planned tests, outstanding decisions, and forecast income distinct. This guide helps sponsors organize that sequence for a funding conversation without treating a target opening date or future revenue as guaranteed. Define what “ready to operate” means for this project Describe the activity the project is intended to perform and the steps needed to begin it. Use language appropriate to the actual asset and sector. Identify who is qualified to confirm technical readiness and expl...