After the construction schedule and completion date are established, an important potential customer indicates a willingness to pay a premium price for the new chemical if it can be made available earlier than scheduled.
Unless the construction or modification of the facility is completed by the completion date, the construction permit shall expire, and all rights thereunder be forfeited, unless upon good cause shown, the Commission extends the completion date.
Nonetheless, as the Indiana bridge began as a traditional procurement, the move to a PPP has generated savings of $225m on the proposed cost of construction and seen the completion date shorten by eight months, according to Indiana's Department of Transportation.The most interesting comparison between the bridges is over the longer term.
Mr. Smyth added that the expected completion date for construction of the office building was further away than initially expected, causing additional complications.
"We haven't set a completion date for construction," he said.
TVO announced in August 2007 that delays in construction had likely pushed the completion date into 2011.
The DOE review fixes the cost of the experiment at $730 million, $94.5 million of which will be provided by Michigan State, and the completion date for construction at 2022.
The long-term vision of the FinEst tunnel is to connect Helsinki to the fast line of Rail Baltica (250 km / 155 mph) which started construction in 2010 with estimated completion date set for 2026, which is set to connect Poland, Lithuania, Latvia and Estonia and eventually open up the Baltics and the Nordics to the European rail network.
Lawsuits and construction delays have pushed the completion date from 1998 to the end of August.
Most builder's risk insurance policies terminate on the date listed as the completion date for construction on the property.
