Built Logic

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Agreed land offer to exchange of contracts

We take off your hands: checking heads of terms, chasing searches and surveys, pulling out abnormal costs and building the appraisal and board paper.

You get: heads of terms checked against your positions, a due diligence tracker, abnormal costs priced into the appraisal and a draft paper for your land committee.

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The problem

We keep finding expensive ground problems after we have already agreed the price.

How the steps join up

It starts when: the land committee approves an offer and heads of terms are being agreed with the vendor.

  1. Check land purchase heads of terms against the company's standard positions

    Your team checks and decides at this step.

  2. Track acquisition due diligence reports and searches until every item is back

  3. Summarise title registers and plans for a site and flag ownership, charges and restrictions

    Your team checks and decides at this step.

  4. Pull abnormal cost items out of site investigation and specialist reports

  5. Calculate a scheme's nutrient or water neutrality budget and secure mitigation credits

  6. Find and compare off-site biodiversity units to meet a scheme's net gain shortfall

  7. Prepare a first-draft development appraisal

  8. Run sensitivity tests on an appraisal and explain in plain words what moves the margin

  9. Draft the land board paper from the appraisal and site research

    Your team checks and decides at this step.

  10. Track overage and clawback on land you have bought or sold

What you end up with: Heads of terms follow the company's standard positions, every search and survey comes back, abnormal costs and mitigation are priced into a final appraisal, the committee approves exchange knowing the risks, and overage is tracked after completion.

Who signs it off: Your land director signs off heads of terms, your solicitor handles title and your land committee decides on exchange.

What it needs to work

  • Written standard positions for land contracts
  • The company's appraisal model
  • Consultants who send reports digitally

If those aren’t in place yet, you’ll hear that before anything gets built.

Who it’s for

  • Developers and housebuilders

Where this joins up

What would this cost for your team?

Answer questions about your company and how this work runs today. You see an indicative estimate of the hours back, what that time is worth and the price when you send your details.

Get a price for this

Or check first: Are we ready for AI?