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Housebuilder Land Appraisal Software from Tekton Group |
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SiteStream House Builder Software Land
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Land bank management, profit/land residual calculations, 'What if' scenarios, automated cashflows, sensitivity analysis, project cash funding, consolidation of cashflows.
Land is a dynamic budgeting and monitoring tool for all your development projects. It not only enables the fast production of detailed cashflows for current and future land opportunities but also allows continually updated forecasts of the final outturn for ongoing projects.
Land is highly configurable to the level of detail you require. It produces both detailed and summary information of the financial and physical attributes of your planned developments with all the criteria for board and funding approval. The system gives fast resolution of land value, or alternatively for a given land value, either profit or sales revenue projections.
Each cost and revenue item is automatically calculated from your own yardstick rates and cashflowed from user-defined 's' curves. This results in an extremely flexible financial model that requires minimal input yet is dynamic and sophisticated. The ability to easily vary any scenario allows you to consider many more options than with manual or spreadsheet systems. In-built goal seeking and iterative capabilities ensure that the optimum solution is found quickly and with high levels of confidence in the results.
Land's facilities can also be utilised for decision support during development to consider replans or other options for the balance of the project taking into account actuals to date.
 Cash and other resource requirements are highlighted not only for each project but can be summarised at regional or group level to ensure that finance facilities are not breached and for strategic planning and forecasting.
The system will store and catalogue all opportunities within your land bank, from options through to owned land at each stage of planning and development. Documentation and key dates associated with each land opportunity can be accessed easily to assist with resource planning.
 Land can be utilised independently or in conjunction with Build to provide budget detail that is derived from individually procured items e.g. a particular material or a supply and fix subcontractor. This will give increasingly accurate levels of forecasting as and when detailed design and scheduling information is available for each project. Similarly if used with Sales the system will provide updated revenue forecasts based on actual sales progressions and revised sales plans.
Using Land with other modules in this way will ensure that any cost overruns are highlighted at the earliest possible stage and that all cost and revenue projections consistently reflect the latest site position. Any sales/build conflicts are also highlighted for resolution to ensure that your rolling forecasts are realistic and based on all current known information.
Advantages
Fast, Easy and Accurate - Land's speed and inherent ease of use means that the land buyer can try many alternative scenarios and assumptions rapidly to determine the best and most profitable land bid.
Better Decision Support - Consistent data and methods reduce the likelihood of errors and omissions in the land study while 'what if' questions can be answered quickly and confidently at any stage of the development process. Consistent determination of financial targets, such as ROCE, IRR and NPV allow better decisions on, and between, competing projects or project options.
Security and Authorisation - Commercially sensitive data can be given authorised entry controls. Methods and assumptions can be agreed and protected from ad-hoc changes. Sign off procedures can be introduced, monitored and enforced by the system.
High Quality In-depth Reporting - Presentation of the land appraisal is of the highest quality and dependability while reporting is in-depth to the level of analysis required for study, board authorisation or financial sanction.
- Fast initial investment appraisal
- Scenario analysis
- Mix optimisation
- Automatic detailed cashflow
- Sales or build rate driven cashflows
- Financial and profit analysis
- Key statistical indicators
- Sensitivity analysis
- User-defined cost profiles
- Notional density and land usage efficiency reporting
- Unlimited 'what if' scenarios to compare effects of mix, cost, profit, land, speed of build/sales and selling price
- User-defined site costs with detailed build up for infrastructure, marketing etc.
- Site/plot specific house-type variants or house-types created on the fly
- Profit, land, revenue or cost can be residual
- Iterate profit, land, revenue or cost over a range and report the effect on another variable
- Automatic cashflow from sales or build rate with user's own build cost 'S' curves and interest rates
- Track variables over the life of the project
- Debt/equity split funding
- User-defined loan repayment profiles
- Calculates NPV, ROCE, IRR and house-type profit contribution
- Work in progress reporting
- Phased development
- Mixed use site evaluation
- Yield/rent facility
- Land sale facilities with cost of sale/cost write off
- Current costs updates from Build
- Revenue/Sales position updates from Sales
Automated Forecasts - The forecasting functionality allows Land Viability cash flows to be updated with actual costs, revenues and progress from other SiteStream modules in near real-time. Future cash flows can be re-forecast based on current progress and any changes to the development plan. Using the same basic format as the Land component, a direct comparison is possible between the original investment appraisal, operating budgets and actual up-to-date Forecasts. The forecast part of the cash flow can be subjected to ‘what if’ scenario assumptions as options for the balance of the site are considered. Changes in cash flow and profit are tracked over the life of a project giving invaluable feedback on the operating performance of against targets and a true picture of the cost to complete for each site.
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