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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