All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.

SOUTH AFRICAN QUALIFICATIONS AUTHORITY

REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE:

Understand and apply property development principles

SAQA US ID	UNIT STANDARD TITLE
115455	Understand and apply property development principles
ORIGINATOR
SGB Building Construction
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-
FIELD			SUBFIELD
Field 12 - Physical Planning and Construction			Physical Planning, Design and Management
ABET BAND	UNIT STANDARD TYPE	PRE-2009 NQF LEVEL	NQF LEVEL	CREDITS
Undefined	Regular	Level 7	Level TBA: Pre-2009 was L7	9
REGISTRATION STATUS		REGISTRATION START DATE	REGISTRATION END DATE	SAQA DECISION NUMBER
Passed the End Date - Status was "Registered"		2004-08-11	2007-08-11	SAQA 1055/04
LAST DATE FOR ENROLMENT		LAST DATE FOR ACHIEVEMENT
2008-08-11		2011-08-11

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.

This unit standard does not replace any other unit standard and is not replaced by any other unit standard.

PURPOSE OF THE UNIT STANDARD

The qualifying learner is capable of: Managing multiple construction projects on more than one construction site, incorporating different construction disciplines A person credited with this unit standard will be able to present a pragmatic approach to real estate development focusing on the development process, the role players, financial modelling, factors that need to be taken into account when preparing the viability report and the presentation of the viability report. This unit standard will contribute to the full development of a professional community of Construction Managers The skills, knowledge and understanding demonstrated within this unit standard are essential for social and economic transformation and upliftment within the construction environment

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

The following knowledge, skills attitude and / or equivalent: FETC Mathematical Science NQF Level 5 English Language & Communication

UNIT STANDARD RANGE

The typical scope of this unit standard: The viability report for a real estate - development includes the following: Market research report The environmental assessment report The risk assessment report Financial viability report

Specific Outcomes and Assessment Criteria:

SPECIFIC OUTCOME 1

Demonstrate an understanding of the factors that impact on real estate development.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

The impact of macro economy on property development is explained

ASSESSMENT CRITERION 2

The impact of micro economy on property development is explained

ASSESSMENT CRITERION 3

Factors that impact on the economy are discussed

ASSESSMENT CRITERION 4

The role players in the development process are identified

SPECIFIC OUTCOME 2

Demonstrate an understanding of the real estate development process.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

Typical milestone activities in the development process are identified and explained

ASSESSMENT CRITERION 2

The inputs required by the various role-players for each milestone activity identified in the development process, are explained

ASSESSMENT CRITERION 3

Legal and regulatory requirements that need to be addressed to ensure that each milestone activity identified in the development process is achieved, are explained

SPECIFIC OUTCOME 3

Undertake a financial viability analysis for a real estate.

OUTCOME NOTES

Undertake a financial viability analysis for a real estate - development by applying the relevant financial modelling technique

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

The financing options available to the developer are identified

ASSESSMENT CRITERION 2

The financial elements that make up the viability report are discussed.

ASSESSMENT CRITERION 3

The project income statement is produced.

ASSESSMENT CRITERION 4

The impact of change on the financial statement is demonstrated.

ASSESSMENT CRITERION 5

Relevant financial ratios are explained.

SPECIFIC OUTCOME 4

Produce and present a viability report for a real estate development.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

The need for the market survey report is explained.

ASSESSMENT CRITERION 2

The need for the environmental assessment report is explained

ASSESSMENT CRITERION 3

The need for the site selection report is explained

ASSESSMENT CRITERION 4

Risk management principles are applied during the preparation of the viability report

ASSESSMENT CRITERION 5

The concept of value management and life cycle costing is applied during the preparation of the viability report A viability report is produced

ASSESSMENT CRITERION 6

The salient items discussed in the viability report are identified and presented

UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS

Anyone assessing a learner or moderating the assessment of a learner against this unit standard must be registered as an assessor with the relevant ETQA for The Bachelors Degree in Construction Management, NQF Level 6 Any institution offering learning that will enable the achievement of this unit standard must be accredited as a provider with the relevant ETQA The relevant ETQA or other ETQA's, who have a Memorandum of Understanding in place with relevant ETQA, would be responsible for moderation of learner achievements of learners who meet the requirements of this qualification.

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE

The impact of the micro and macro economy on real estate development Factors that impact on the economy Role-players in the development process and inputs required Typical milestones in the development process Legal and regulatory requirements during the development process Financing options available for real estate development Financial modelling techniques Financial elements that make up the viability report Different elements to include in the viability report Rationale for the different elements in the viability report

UNIT STANDARD DEVELOPMENTAL OUTCOME

N/A

UNIT STANDARD LINKAGES

N/A

Critical Cross-field Outcomes (CCFO):

UNIT STANDARD CCFO IDENTIFYING

Identify and solve problems Specific outcome Demonstrate an understanding of the real estate development process Assessment criteria Risk management principles are applied during the preparation of the viability report Legal and regulatory requirements that need to be addressed to ensure that each milestone activity identified in the development process is achieved, are explained

UNIT STANDARD CCFO WORKING

Work effectively with others Specific outcome Produce and present a viability report for a real estate development Assessment criteria The inputs required by the various role-players for each milestone activity identified in the development process, are explained

UNIT STANDARD CCFO ORGANISING

Employ self management Specific outcome Produce and present a viability report for a real estate development Assessment criteria Typical milestone activities in the development process are identified and explained

UNIT STANDARD CCFO COLLECTING

Manage information Specific outcome Undertake a financial viability analysis for a real estate development by applying the relevant financial modelling technique Produce and present a viability report for a real estate development Assessment criteria The project income statement is produced The salient items discussed in the viability report are identified and presented

UNIT STANDARD CCFO COMMUNICATING

Communicate effectively Specific outcome Produce and present a viability report for a real estate development Assessment criteria The salient items discussed in the viability report are identified and presented The inputs required by the various role-players for

UNIT STANDARD CCFO SCIENCE

Demonstrate scientific and technological competence Specific outcome Demonstrate an understanding of the real estate development process Assessment criteria The need for the environmental assessment report is explained Typical milestone activities in the development process are identified and explained

UNIT STANDARD CCFO DEMONSTRATING

Understand Contextual world-systems Specific outcome Demonstrate an understanding of the factors that impact on real estate development Assessment criteria Factors that impact on the economy are discussed Legal and regulatory requirements that need to be addressed to ensure that each milestone activity identified in the development process is achieved, are explained

UNIT STANDARD ASSESSOR CRITERIA

N/A

UNIT STANDARD NOTES

N/A

QUALIFICATIONS UTILISING THIS UNIT STANDARD:

	ID	QUALIFICATION TITLE	PRE-2009 NQF LEVEL	NQF LEVEL	STATUS	END DATE	PRIMARY OR DELEGATED QA FUNCTIONARY
Elective	48700	Bachelor of Construction Management: Built Environment	Level 6	Level TBA: Pre-2009 was L6	Passed the End Date - Status was "Reregistered"	2012-06-30	CHE

PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD:

This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.

NONE

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All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.