chapter  8
6 Pages

Methods of approximate estimating

Beforeaprospectiveclientcangiveapprovalfordetailedandcostly designworktoproceed,hemustfirstbesurethathisfundsare sufficienttocoverthefulldevelopmentcosts,includingthelegaland professionalfees,involvedintheprovisionofthebuilding.Ifatthis earlystageintheprocess,thedevelopmentappraisalprovesthe buildingtobetoocostly,thenamendmentstotheschemecanbe madeortheprojectabandonedwithaslittlewastedeffortandcost aspossible.