Building Project Appraisal

This study describes and explains the principles of the techniques that can be used to appraise the financial viability for a developer of undertaking the construction of a building project. It adopts an integrated approach that takes into account the roles of all the parties normally involved in the development process in the UK - the developer, the financial analyst, the property valuer, the quantity surveyor, the accountant, the building surveyor and the facilities manager. The book analyzes the two factors which determine viability: the value realized and the cost incurred by the project developer. Both factors are analyzed in an economic, financial and managerial context, using worked examples.