the financial appraisal
Close behind a feasibility study comes the financial appraisal. Correctly prepared this document unlocks the funds required to undertake a development.
What is is and how does it work?
- The financial appraisal is a snapshot of the funds required at each stage of a development.
- It can be used to obtain bank or private funding
- It shows the cost of borrowing
- It shows the expected duration of the project
- Professional fees
- Cost of building
- Costs of purchase
- Costs of sales
In our projects it is just the start, once agreements have been reached the financial appraisal turns into a financial tracking master that monitors how the spend is going and it highlights potential problems. It starts off as a projection and then compares the projection with actual costs on a regular basis