Estimating the genuine cost of development

When submitting a development application, we require an estimated development cost (EDC) to be uploaded with your application.

Who can prepare an Estimated Development Cost report?

Works under $3 million dollars

For development between $100,000 and $3M, the EDC must be prepared by a qualified person such as a:

  • builder
  • registered architect
  • quantity surveyor
  • person who is licensed, has the relevant qualifications and proven experience in costing of development works to a similar scale and type as is proposed.

Where the EDC is under $100,000, the cost estimate may be prepared by either the applicant, or a suitably qualified person and its method submitted with that application.

Works above $3 million dollars

An EDC report must be prepared by an appropriately qualified quantity surveyor who is a member of a relevant professional body, such as:

  • Australian Institute of Quantity Surveyors.
  • Royal Institution of Chartered Surveyors.

The EDC report must be prepared in accordance with Australian Institute of Quantity Surveyors practice standard.