ABSTRACT
In the present economic climate it is imperative that development projects are accurately appraised. Simple back-of-an-envelope calculations together with intuition are no longer sufficient to assess viability. Nowadays, whilst experience remains important, sophisticated techniques of market research, feasibility, estimating, appraisal and management are required. Financial appraisal will form a crucial part of this assessment: it will be needed to assess the price to pay for a site; the viability of a project; and expected costs and profit. In our case we are also interested in how archaeology may affect these matters.
