ABSTRACT
The development process is initiated principally by either a project looking for a suitable site, or an available construction site looking for a project. Development can be broadly classified as undertaking construction works, such as building and engineering, or making a material change of use to the land or property. When the speculative development project is to be disposed of after completion, then its promotion and marketing become an integral part of the development process. Developers need to construct projects in areas where there is the expected demand. Some developers work on a national basis, others confine themselves to a close geographical area with which they are familiar. The production information is issued to the contractor, and arrangements are made in respect of handing over the site to the contractor. Upon receipt of the documentation, the contractors enter their estimating phase, since the awarding of the works of construction is most frequently done through some form of price competition.
