Course Information

This half-day course is designed to introduce delegates to the more advanced concepts and functionality of the SDS ProVal Private Finance module.

Delegates will be able to understand SDS ProVal in more depth and be able to model more complex schemes as a result.

Pre-requisites

Those attending this course should have a basic understanding of development and of the appraisal process, and have had prior experience of using SDS ProVal.

Course Objectives

By the end of the course delegates will be able to:

• Understand the layout of this module
• Configure the defaults file
• Create a complete appraisal
• Use the built-in tools to carry out sensitivity analysis and benchmarks
• Good understanding of the key appraisal outputs
• Understand how to create detailed development cashflows

Agenda:

• Introduction
• Setting Defaults
• Defaults validation
• Entering detailed fees and timings
• Creating custom development cashflows
• Loan:Value relationships in private finance
• Sensitivity testing
• Benchmarking
• Detailed explanation of NPV and IRR
• Understanding the long term cashflow
• Using residual asset values in NPV calculations
• Using the results to show how to make the scheme work
• How to deal with very large sites
• Advance rent income
• Cross subsidy
• Internal subsidy
• Selling units in the long term
• Receiving grant and other capital sums in the long term
• Receiving and selling ground rents
• Dealing with service charges
• Changing tenure in the long term
• Dealing with commercial units