A strategy value assessment, based on calculating the budget of the project. Discussion should not restrict itself to construction cost control but should consider the life cycle and phasing implications and the value balance between capital cost, quality, sales and life cycle costs for PHASE ONE.
Your appendix should show
This element of the project is NOT displayed at the crit.
Your report should critically evaluate the options and phasing and indicate how they can induce value into the scheme. Rationalise how you have managed the constraints and derived your income and expenditure projections. Show that you understand and justify the priority of benefits within an understanding of the magnitude of the cost of obtaining it.
You may use the gross floor areas of different types of use in PHASE ONE as stated in the accomodation schedule. You may use the cost schedule guidelines to work out a cost/m2 to obtain what you think is a competitive budget for the university. In assessing revenues and asset disposals this can be done qualitatively so you are not tempted to artificially raise values to make cash flows balance.