Development Contribution Plans (DCP's) are financial and legal arrangements between owners and local governments in which new infrastructure development costs within an area are shared.
The DCP's help to ensure that the requirement, cost, delivery and planning of the construction of the new infrastructure works is justified.
On occasion, the developer will require the construction of the infrastructure to progress however the local government does not have the funding in place to share the costs. Alternatively, the local government may request the developer to carry out the construction as part of overall development convenience. In either scenarios, the developer and local government may seek a pre funding agreement.contact us
This agreement allows the developer to take on the local governments share of costs for the infrastructure developments and then claim the proportion of work as a reimbursement or rebate once the construction is complete. Usually this involves proportioning the approved and agreed infrastructure costs from the overall development costs.
As Quantity Surveyors and Construction Cost Experts, Rawlinsons provide Development Contribution Plan Cost Reconciliation Valuation Services for local governments.
Please read on below to learn about what our service includes;