Terminology of building investment includes notions of building investment process
cycle. The first term in Polish construction industry applies to the
stages of the preliminary analysis of economic efficiency of the investment, design
conceptions, then designing, which results in a complete design documentation and
receiving of all the necessary approvals and permits. The second phase of the
investment process is connected with a stage of investment realization, that is construction. This phase ends in admission to use and the possible start-up of the
facility. This is the time when building investment process is finished.