PAC (Provisional Acceptance Certificate)
May 1, 2026
A certificate confirming that the works have been substantially completed and are ready for provisional acceptance.
EPC
Milestone
Related Glossary Entries
Public
May 1, 2026
FAC (Final Acceptance Certificate)
A certificate issued after all contractual obligations have been fulfilled and defects have been resolved.
Public
May 1, 2026
TOC (Taking Over Certificate)
A certificate issued by the Employer confirming that the works have been completed and taken over.
Public
May 1, 2026
COD (Commercial Operation Date)
The date on which the project or facility begins commercial operations and starts generating revenue.