Did you know that the Planning Secretary now mandates a new report prepared by a registered quantity surveyor for any State Significant Development (SSD) with an in-fill affordable housing component? This new report, known as the CIV and Employment Estimates, is a crucial part of your Environmental Impact Statement Submission during the Development Approval (DA) process.

Changes Effective from March 4, 2024

As of March 4, 2024, the Capital Investment Value (CIV) has been updated to Estimated Development Costs (EDC). For any SSD and State Significant Infrastructure (SSI) projects, these cost estimates must be prepared exclusively by a Certified Quantity Surveyor (CQS) from the Australian Institute of Quantity Surveyors (AIQS)like us.

Classification of SSD and SSI Projects

The new EDC thresholds for SSD and SSI projects are:

  • $75 million for projects within the Sydney metropolitan area
  • $35 million for projects outside the Sydney metropolitan area

These EDC estimates are now more detailed and must adhere to the newly released guidance from AIQS. Consequently, the CIV and Employment Estimates report has become more comprehensive, and it now includes a new employment estimates section.

Introducing Employment Estimates

The employment estimates section is a brand new requirement that provides a 10-year projection of the anticipated employment generated by the development during both the construction and post-occupancy phases. This detailed analysis is essential for understanding the long-term economic impact of your development project.

How We Can Help

If you need to meet these specific requirements, our team is ready to help! We service all property types and sizes and are one of the few CQS’ firms already compliant with all new guidelines, delivering high-quality, affordable reports.

Don’t face these changes alone—contact us today to ensure your development project meets all new requirements and maximises its potential benefits!