DEVELOP is designed to permit the rapid appreciation of the costs associated with construction development. The object of this program is to determine the viability of a proposed development.

The program is comprehensive covering both commercial and residential development. It will calculate the total development cost if all data is known or alternatively produce results of unknown elements of cost (i.e. Land) by the residual method of calculation.

The purpose of the Developers Equation is to undertake an investment appraisal of a construction development.

The concept of the equation lies in the reality that with most developments, the decision to proceed or not depends on how much can be afforded for one of the cost elements. In most cases this is the land purchase, but it could be the building cost, or situations occur where the degree of profit is the critical factor.

DEVELOP assists the surveyor as he seeks to take all the various factors involved in a development into account including:-

  • Land Purchase Price
  • Development Finance rate
  • Development Period
  • Site Acquisition rate
  • Demolition costs
  • Construction costs
  • Professional Fees
  • Building Finance rate
  • Developers Profit
  • Contingencies
  • Building Period
  • Legal and Marketing fees
  
DEVELOP uses the information provided to calculate the missing values and provides the user with a full financial analysis of the proposed project.

DEVELOP allows the user to calculate values using one of four methods:-
  • Residual Land Value
  • Residual Construction Budget
  • Residual Developers Profit
  • Total Project Costs
With DEVELOP complicated calculations to carry out residual valuations become a thing of the past and numerous options can be considered in minutes.
DEVELOP costs just £195 (+VAT) and includes a full help system.