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Cross Council Assurance ServiceInternal Audit Report Land Charges Review of Planning Data Controls and Policies December 2020 To:Deputy Chief Executive Director of GrowthCopied to:Commissioning Lead
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Research the current market prices for materials and labor.
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Cost of residential development refers to the total expenses incurred in building residential properties, including land acquisition, construction costs, permits, and any other associated costs.
Developers, contractors, or property owners involved in the construction of residential properties are required to file cost of residential development.
Cost of residential development is typically filled out by providing detailed information on the expenses incurred during the construction process, including itemized costs for labor, materials, permits, and other related expenses.
The purpose of cost of residential development is to track and record the expenses associated with building residential properties for accounting and regulatory purposes.
Information to be reported on cost of residential development includes details of land acquisition costs, construction costs, permits, labor costs, materials costs, and any other associated expenses.
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