Property developer controlling I

Financing and selling real estate in the context of the property development business involves a series of risks for the financing bank. For these to remain under control, from the start of project planning through to completion of the undertaking, a database system is developed for recording and checking all the relevant data. This data includes: the jurisdiction and responsibilities for creating, selling and financing; buyers; building costs (entered in accordance with DIN 276 Costs in building construction); financial planning; and all incoming and outgoing payments. Various reports (e.g. for costing, invoices, overall assessment of the property) can be used to contrast the actual and target state of the project and to derive parameters from these for risk assessment.