Belfast·SPG002 Development Viability·Page 13·4.1.3
Principles of key assumptions
The key assumptions will incorporate reasonable developer profit and landowner return, account for risk and contingency, include all development costs, consider delivery methods and timescales, and reflect local circumstances.
In summary, the key assumptions will:
• Assume a reasonable level of profit for the developer;
• Assume a reasonable return for the landowner;
• Understand and allow for consideration of risk;
• Build contingency into costs;
• Take account of all construction, development and financing costs;
• Take account of the delivery method and delivery timescales, and
• Reflect local circumstances.
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