Land Development Playbook

KEY TAKEAWAYS

LAND DEVELOPMENT BUDGET

A Once Land Development has started, schedules should be updated weekly. A Update schedules with the best, most up-to-date information available and for realistic task timeframes no less than once per month. A Schedule development is a process that requires collaboration between internal and external team members. A Schedule management involves updating all current and future tasks always based on the best information available. A Schedule management should track critical path milestones and proactively manage critical task durations to stay on schedule. A Multiple phase communities are made up of individual phase schedules and can include a common phase schedule. To guarantee on-time individual phase delivery, land development professionals must make sure that all development phase and common phase schedules are managed

Budgeting is a continuous process of reviewing and updating scopes of work, quantities, and unit prices based on the most current and best information available. Land Development Budgets (or “LD Budgets”) are created by using the quantities of materials and labor required to deliver each development task and the associated unit costs charged to us by the vendor or contractor. LD, like vertical home construction, is segmented into multiple category scopes of work, each with its own unique section in our budgeting system. While every project is unique and subject to different scopes of work and sequencing costs, it is critically important to use Century’s standardized LD Budget template and tools. These tools allow different divisions, regions, and corporate teams to accurately track budget data over time and create standardized LD Budget reports that will allow LD Professionals to actively develop and manage budgets using category and cost codes.

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LAND DEVELOPMENT PLAYBOOK | Land Development Budget | 18