Abstract
The subject of this chapter is the determination of the value of the completed project to its developer and the methods and techniques that can be used to represent this value as a financial amount that can be included in the development budget. The project value is the developer’s credit element in the development budget account. It is the amount against which the forecast project cost (Chapter 5) is balanced in order to appraise financial viability of the project (Chapter 6) and to set management targets for the achievement of the project’s financial aims.
This is a preview of subscription content, log in via an institution to check access.
Preview
Unable to display preview. Download preview PDF.
Further Reading
Britton W., Conellan O.P. and Crofts M.K., The Cost Approach to Valuation. RICS Research Report, 1992.
Britton W., Davies K. and Johnson T., Modern Methods of Valuation, 8th edn, Chapters 2–7. Estates Gazette, 1989.
Darlow C. (Ed.), Valuation and Development Appraisal 2nd edn, Chapter 3. Estates Gazette, 1988.
Isaac D. and Steley T., Property Valuation Techniques Chapters 1–3. The Macmillan Press, 1991.
Marshal P.J.L. and Yates A., ‘Development appraisal’, in Quantity Surveying Techniques: New Directions (Ed. Brandon P.S. ). BSP, 1988.
Yates A. and Gilbert B., Appraisal of Capital Investment in Property. Surveyors Publications, 1991.
Author information
Authors and Affiliations
Copyright information
© 1993 Keith Hutchinson
About this chapter
Cite this chapter
Hutchinson, K. (1993). Project Value. In: Building Project Appraisal. Macmillan Building and Surveying Series. Palgrave, London. https://doi.org/10.1007/978-1-349-12983-6_4
Download citation
DOI: https://doi.org/10.1007/978-1-349-12983-6_4
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-57834-6
Online ISBN: 978-1-349-12983-6
eBook Packages: EngineeringEngineering (R0)