Get BUILDING COST PRO-FORMA FOR PRIVATE SECTOR DEVELOPMENTS IN

A development cost definition will tell you it's the cost a company incurs while researching and developing a new product or service. General practice dictates the research and development costs should be immediately expensed when costs are incurred.

BACKGROUND: Under the United States Housing Act of 1937 (“1937 Act”) (42 U.S.C. 1437 et seq.), the construction cost limits were called Total Development Cost limits, informally referred to as TDCs.

Total Development Cost (TDC) is the sum of all costs for a project including all undertakings necessary for administration, planning, site acquisition, demolition, construction or equipment and financing (including payment of carrying charges) and for otherwise carrying out the development of the project, excluding off ...

The total development costs can be calculated as: Total Development Cost = Land Cost + Development Cost + Sum of Interest and Commissions.

The maximum sales price for a property sold to an individual as a primary residence is limited to the total development costs, which includes the acquisition cost plus rehabilitation or redevelopment costs necessary to rehabilitate the property.

Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves.