Project Value

  • Keith Hutchinson
Part of the Macmillan Building and Surveying Series book series (BASS)


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.


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Further Reading

  1. Britton W., Conellan O.P. and Crofts M.K., The Cost Approach to Valuation. RICS Research Report, 1992.Google Scholar
  2. Britton W., Davies K. and Johnson T., Modern Methods of Valuation, 8th edn, Chapters 2–7. Estates Gazette, 1989.Google Scholar
  3. Darlow C. (Ed.), Valuation and Development Appraisal 2nd edn, Chapter 3. Estates Gazette, 1988.Google Scholar
  4. Isaac D. and Steley T., Property Valuation Techniques Chapters 1–3. The Macmillan Press, 1991.CrossRefGoogle Scholar
  5. Marshal P.J.L. and Yates A., ‘Development appraisal’, in Quantity Surveying Techniques: New Directions (Ed. Brandon P.S. ). BSP, 1988.Google Scholar
  6. Yates A. and Gilbert B., Appraisal of Capital Investment in Property. Surveyors Publications, 1991.Google Scholar

Copyright information

© Keith Hutchinson 1993

Authors and Affiliations

  • Keith Hutchinson
    • 1
  1. 1.Department of Construction Management and EngineeringUniversity of ReadingUK

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