Land Development Playbook

BUDGET DEVELOPMENT A Evaluate the project and associated scopes of work required to complete project due diligence, planning and entitlement, LD construction, and community closeout (including exonerating any sureties). A Segment the project into phased lot budgets as necessary: 9800, 9801, common, offsite, etc. A Segment every scope of work into Major Categories and Major Codes. A To ensure proper tracking of reimbursable expenses, separate reimbursable work from the standard scope for budgeting and contracting. A Ensure all scopes of work are budgeted to the appropriate cost codes and categories. For instance, the scope of the civil engineer’s work could encompass both planning and LD construction duties. To properly record the expenses in the relevant area, we need divide the budget and contract codes for various tasks. The planning scope would include engineering design, while the LD construction scope would include construction staking.

19 | Land Development Budget | LAND DEVELOPMENT PLAYBOOK

LAND DEVELOPMENT PLAYBOOK | Land Development Budget | 20