F

The time where all documentation for a project has been executed by the relevant parties, and all Conditions Precedent have been satisfied or waived. At financial close, the borrower (generally the Principal) may obtain the finance for the project as negotiated with its Financier.

A 'financing statement' supports the registration of a security interest under the PPSA. A 'financing statement' is defined in section 12 of the PPSA.

A bank, credit union, building society, mortgage broker or other financial institution.

A certificate that a building has complied with all necessary requirements in relation to fire precautions and is therefore, fit for occupancy.

The process of planning, managing, maintaining and accounting for one or more of the facilities, whilst seeking to reduce the associated overall costs. Facilities management is primarily concerned with providing the optimum level of facilities for the least financial outlay.

An agreement between a bank and a company that grants the company a line of credit with the bank (can be committed or uncommitted) or between an issuer of short-term securities and underwriters who commit to buy a security.

The circumstances in which a contract is made, including the commercial background and the object(s) of the contract.

A streamlined Arbitration process which attempts to avoid delay and formalities associated with this form of Alternative Dispute Resolution. Some measures include allowing written statements in place of lengthy oral ones and placing strict time limits on various discussion.

A delivery method which attempts to shorten the time required to complete a project by commencing construction before the Design and documentation of the Design is complete (which may necessitate managing increased risk associated with the project).