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How is Gross Development Value defined in a legal contract?

• Gross Development Value means the anticipated value of a projected development on a particular site, assuming its completion, estimated by a certified valuer. Seen in 3 SEC filings
• Gross Development Value means the total value of a project upon completion of the development and construction process. Seen in 1 SEC filing
• Gross Development Value means the estimated market worth of a planned development on a targeted site, assuming the project is finished and necessary permits are issued, as determined by an independent valuer. Seen in 1 SEC filing
• Gross Development Value means the estimated development value of a project or a phase of the project at a particular time. This value takes into account factors like requisite profit, construction costs, legal costs, site purchasing cost, and funding needs. Seen in 1 SEC filing
• Gross Development Value means the Market Value of a Property, assuming that the construction has been completed, minus related overheads and adding back any deductions made from the latest valuation for periods of vacancy, commission for leasing, any type of tenant incentives, to the extent these deductions are covered by corresponding amounts available under the financial arrangements. Seen in 1 SEC filing

Please note the definitions above do not mention any numbers, clauses, appendixes, schedules, agencies, companies, associations, individuals, or specific locations to facilitate easy integration into a broad range of contexts.

Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Gross Development Value means the anticipated worth of a development on a designated site, factoring fulfilment, estimated by an approved valuer.

Relevant Contract Types

• Real Estate Development Agreement
• Joint Venture Agreement for Property Development
• Land Development Contract
• Commercial Lease Agreement

Relevant Circumstances

• Construction and development of new properties.
• Renovation or redevelopment of existing properties.
• Financial planning and assessment of potential real estate investments.
• Negotiations for investment in new property developments.

Relevant Sectors

• Real Estate
• Construction
• Urban Planning

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Genie Definition 2

Gross Development Value means total value of a completed project, inclusive of construction costs, legal expenses, purchase costs, and required profits.

Relevant Contract Types

• Commercial Construction Contract
• General Contractor Agreement
• Renovation Contract
• Project Management Contract

Relevant Circumstances

• Evaluation and estimation of construction or renovation jobs.
• Planning and executing large-scale commercial projects.
• Assessing the financial viability of a project.

Relevant Sectors

• Construction
• Finance
• Project Management

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