This is to take the form of a final project report to the client that provides comprehensive justification for your recommendation. A residual financial appraisal should be prepared to support your opinion as to the appropriate site acquisition price. For a cohesive report, it will be necessary to include evidence of market demand and the likelihood of obtaining planning permission and other consents; you may include salient points from the initial report but the evidence should be tailored to the final recommended scheme.
Your reasoned proposal should also address:
1. Development programme: You need to formulate a programme for the development project from site acquisition through practical completion to full letting/sale.

2 Financing: You should consider appropriate sources/methods of funding for the proposed scheme and identify a suitable funding route.

3. Marketing: You are to identify the target market and outline a marketing strategy to maximise revenue and profitability from the development.

4. Financial risk analysis: As part of the detailed financial evaluation, you should include a sensitivity analysis linked to the key areas of risk which you consider apply to your project.

Having carried out further detailed research, you may wish to change the scheme that was proposed in Assignment One. If you do, this should be noted and reasons succinctly summarised at the beginning of the final report.