Quick RE Development Model: 2. Assembling the Model On-line
Once you are a registered and logged-in user, you can click ‘Assemble’ button within the description box for the Quick RE Development Model on the Models/Tools page of the site. Alternatively you can select Quick RE Development Model by launching assembler from your User Account page.
The online assembly of the Quick RE Development Model is completed in two input screens, or Steps.
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The first Step - as described below in section 2.1 of the Manual - deals with the structural parameters of the Model. Most of these cannot be easily altered once the Model is purchased;
- The second Step - as described below in section 2.1 of the Manual - allows entry of business assumptions. This data can be changed later off-line.
Unlike models from our Main Library, Quick RE Development Model has a free version you can gain immediate access to at the end of the assembly stage. Click ‘Request Free Model’ button to action the process. The Model is free, does not have a trial period and does not require any purchase or user payment details.
When assembling a model - proceed to next Step by clicking on ‘Next’ or return to previous Step by clicking ‘Back’. ‘Save’ button remembers all entered data. After saving you can leave the assembly Steps and continue later by clicking ‘Continue’ button at the top of the User Account page.
If you wish to globally restore default dummy values for any model navigate ‘Back’ to Step 1 and click ‘Restore Default’ button. You can always refer to on-line version of the Manual for more details by pressing the ‘Help’ button.
Step 1 configures key settings and parameters of the Model. Note that your choices of language, periodicity and timeline are structural and cannot be changed once the Model is purchased. The following table summarise the choices available to users at Step 1 of the online assembly:
|
Input field |
Comment |
|
Model's Language is |
Current available in English or Russian. Note that switching Model’s language would completely reset your language environment on our site. |
|
Start Date (Land/Rights Acquisition) is |
The Model assumes that any RE project starts when the land and related rights are acquired and there are no cash outlays prior to that event. Note that the assembler would only allow a first date of any month to be the Model’s start date. |
|
Model's Step is |
Period Step can be set to year, quarter or month. The benefit of selecting month or quarter vs. year is that you get a more accurate read on your peak funding requirements and cost of funding, if debt leverage is present (paid version only). |
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Number of Periods is |
Can be set to any integer value between 3 and 60. By definition, user selected combination of the number of periods and the Model’s step would set the timeline for your Model. |
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Project Gross Area, [sq.ft] is |
Input of total gross area to be constructed. Note it is your choice to measure in sq.ft, m2 or any other metric. The legend will automatically react to change in ‘Project Area is Measured in’ field to the right. |
|
Model's Currency is Customise Currency |
You can select currency from the pull down list or type in your own currency into ‘Customise Currency’ field. |
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Currency Units are in |
You can choose to scale your model in thousands or millions depending on the overall size of your project |
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Project Area is Measured in |
Input your metric for the Project’s Gross Area. Note that your choice is not restricted and can be sq.ft, m2 or any other metric of your choice. The legend for Gross Area will update automatically. |
|
Net to Gross Area Ratio is |
The Ratio is used to calculate how much constructed space you can actually sell compared to area you have to build. Default value is set to 80% but should depend on actual architectural parameters of your project. |
Step 2 requires entry of business and operating assumptions for your project. Both free and purchased versions of the Model allow changing any of these inputs off-line. Please refer to section 3 of the Manual for more details.
Note that Step 2 field legends react to your choice of inputs from Step 1. For example, if you configured the Model to be Quarterly, USD and in thousands, legends for Step 2 would incorporate your choices as shown in the table below (legends dependent on Step 1 are shown in [square brackets]).
At this Step you can:
|
Input field |
Comment |
|
Acquisition Costs [USD Thousands] |
Book total costs of acquiring land and related rights to develop the project. Note it is assumed that the cash outflow for this project occurs at the start of your forecast period (e.g. on the first day of the first month, quarter or year as per selected Step of the Model) |
|
Planning and Consents [USD] per [sq.ft] |
Input cost of planning and consents (permissions) per unit of gross project area. The entry form would automatically calculate total cost for this item based on Gross Area size booked at Step 1. |
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Planning and Consents, Start [Month] Planning and Consents, End [Month] |
Sets the length of time required to complete planning and consenting phase of the project. Note that the model assumes that this phase immediately follows land acquisition and work on this phase always commences in period 2 of the Model |
|
Construction Costs [USD] per [sq.ft] |
Input construction costs per unit of gross project area. The entry form would automatically calculate total cost of construction for the whole of the project based on Gross Area size booked at Step 1. |
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Construction, Start [Month] Construction, End [Month] |
Sets the length of time required to complete construction phase of the project. Note that the model assumes that you can not start construction prior to finishing planning phase. Hence, start period for construction would be automatically picked up based on end period for planning |
|
Sales [USD] per [sq.ft] |
Input assumptions for expected proceeds from sales of new property per unit of net project area (gross times the ratio of net to gross). The entry form would automatically calculate total expected proceeds based on Gross Area size and the Ratio booked at Step 1. |
|
Sales, Start [Month] Sales, End [Month] |
Sets the length of time required to sell off new real estate and wind down the project. Note that the model assumes that you can not complete any sales prior to construction phase. Hence, start period for sales would be automatically picked up based on end period for construction Please pay attention to the fact that end of sales can not go beyond the overall time line of the Model. If you attempt to assume sales end period which is not on your Model timeline determined at Step 1 the entry form would automatically replace your input with the last period of the Model |
With completion of Step 2 you are done customising your Model.
You can proceed to requesting a free version or to purchasing options as described in section 2.3 of the Manual.
At the bottom of the screen for Step 2 you can click on ‘Request Free Model’ button. The free model would be assembled and appear in your User Account available for download. You will receive a notification via email that your model is ready. Note that you can always convert any of your free or demo models stored in the User Account to full purchased versions by clicking on ‘Buy Model’ button next to its free/demo listing.
Alternatively, you can opt to purchase full version of the Model. In this case click on ‘Proceed to Buy Options’ and the next screen will take you to the payment options. Upon payment confirmation the full version would be assembled and appear in your User Account available for download. You will receive a notification via email that your model is ready. You can always download a copy of your model from your User Account archive.