A Final Investment Decision (FID) is the final decision of the Capital Investment Decision (CID) as a part of the long-term corporate finance decisions based on key criteria to manage company’s assets and capital structures. In general, FID can be made after completion of permits and financial arrangements, and ready for commencement of the construction works at the site (EPC Contract). They are the points at which contracts for all major equipment can be placed, allowing procurement and construction to proceed and engineering to be completed.
Related Definitions in the Project: The Project Management; Project Controls; Project Cost; Economic Reviews