Construction Loan Milestone Terms Set

From Open Risk Manual

Definition

Construction Loan Milestone Terms Set. An agreed point at which an amount is advanced to the lender on completion of some pre-agreed scope of works on the construction.


Issues and Challenges

From review of a separate question, where we identified the need for this term:

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

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