Construction costs can be scheduled using standard curves which have been prepared on a monthly or quarterly basis depending upon the type of project. As many different accounts as desired can be used.
As construction is completed, expenditures to date are recorded, and remaining funds are spread using the remaining portion of the standard distribution curves. The user also has the option of making up his own distribution curves.
These curves which schedule out construction expenditures are called QTR. QTR can be used in several ways. A simple way of simulating construction draws with ProCash© provides for eleven development cost accounts plus land and financing fees. The easiest way to use QTR is to schedule all costs (except land and financing fees) by these eleven categories (in this order).
Categories for Scheduling Costs by the Easiest Method
Commercial Projects Residential Projects
Field Expense Depreciable Assets Acquired Land Development Land Development Building Cost Building Cost Tenant Improvements Service Structures Architecture & Engineering Architecture & Engineering Elevator/Escalator Elevator/Escalator Furniture & Equipment Furniture & Equipment Misc. Administration Misc. Administration Dev. Costs Expensed Dev. Costs Expensed Grants & Reimbursements Grants & Reimbursements Contingency Contingency
|AVI||Periods from Start of Analysis to Opening(MV)||426||3|
|QTR||Input:Schedule of const. expenditures (by item by period)||426||2|
|MV||Periods/Year for Development (for QTR,see MV) COSTMV||426||2|
|viewtype||case study||view||file size||complexity||help#||comment|
|Inputs||BHP II Limited Partnership : LIHTC||(construction schedule)||4098||185||426|
|Belle Glade 72 Units Deal A||(construction schedule)||5005||403||426|
|St. Lucie Warehouse||(construction schedule)||5536||436||426|
|601 Liberty St. (office)||(construction schedule)||7120||462||426|
|601 Liberty St., Hotel Joint Venture||(construction schedule)||7124||462||426|
|Executive Plaza (Pre-Const., office)||(construction schedule)||7633||539||426|
|Executive Plaza (Under Const., office)||(construction schedule)||7697||612||426|
|Demo Mixed Use Facility||(construction schedule)||12127||872||426|
|ABCO Joint Venture (office)||(construction schedule)||11191||1002||426|