Pre-contract Studies: Development Economics and Estimating provides a comprehensive introduction to the property development process. It covers the level 2 module of the CIOB's Education Framework on pre-contract studies and is officially sanctioned by the CIOB as the recognised text for that module. The book addresses the issues involved in development with an emphasis on the financial analysis of projects in the context of development values and construction costs. The process of getting a project from inception to completion is thoroughly examined, while the different methods of development appraisal and the way that developers' budgets are calculated are further explored through worked examples. This book is a core textbook for the CIOB level 2 module on pre-contract studies, as well as BTEC HNC/D and degree courses in building and surveying. It is also useful reading for degree courses in estate management and architecture.