Land Development Playbook

LAND DEVELOPMENT SCHEDULE

Land Development Schedules (“LD Schedules”) should encompass all activities from the start of the development process through being able to start and close homes. LD Schedule Management is a continuous process of updating and adjusting various LD tasks through the development cycle of a project from Land Acquisition, Planning and Entitlement, Land Development, Home Construction, and Community Completion (including surety release and HOA Turnover/Acceptance). LD Schedule creation requires all Land Development disciplines (Land Acquisition, Planning and Entitlements, and Land Development) involvement to create, complete, and manage an accurate schedule. SCHEDULE DEVELOPMENT A Use Century’s LD Schedule Template to create a project-specific schedule for any new or existing LD project. Include individual schedules for each phase of development and common infrastructure improvements (if applicable). If a project has multiple phases, it requires multiple schedules. If a template does not fit your LD project, please contact National Land Development (NLD) for assistance in creating a template for use. A The LD Schedule should be created during project due diligence and be updated regularly, but no less than monthly if it is in or past the pre-development portion of the project. Once Land Development has started, schedules should be updated weekly, as discussed in the schedule management section below. A LD schedules are unique to each community and are adjusted to fit the scope of the project. All project tasks within the schedule are required to drive and accurately roll up to the milestones, which are used for reporting. A LD Schedule start date task should be based on the Purchase and Sale Agreement (PSA) or Letter of Intent (LOI) execution date. Every task after the start date should be based on a duration tied to a critical path predecessor. When building a schedule for a project already underway, use the start date for the current date and skip over tasks already completed by using 1, -1 for duration and lead time. A Asset Management Committee (AMC) approval dates included in the LD Schedule must represent the latest schedule dates approved by AMC.

Best Practice: Once Land Development has started, schedules should be updated weekly.

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