New Service – Financial Benchmarking for New Developments

DTP offers a tailored, data-driven approach to benchmarking for Registered Providers (RPs) facing challenges in developing new schemes.

Why might you need Financial Benchmarking?

• Informed decision-making: Benchmarking enables RPs to measure their performance against others in the sector, offering insights that enhance decision-making and reduce risks.
• Bridging gaps: Supporting communication and collaboration between development and finance teams, fostering better communication and alignment on objectives.
• Performance metrics: Providing clarity on essential performance metrics, enabling RPs to manage costs effectively and remain compliant with financial covenants.
• Increased board awareness: Enhancing understanding and assurance at board level to inform decision making around new developments.

What does Financial Benchmarking involve?

• DTP is able to collaborate with its wide client base to gather a wealth of data on development benchmarks, allowing for the assessment of critical parameters such as cost of build, rent levels and compliance standards.
• The process allows for these benchmarks to be integrated into both business planning and development appraisals, aligning financial realities with project goals.
• Our team can also support RPs in selecting and implementing development appraisal software, ensuring seamless integration with financial planning models to provide comprehensive insights into the financial impacts of development decisions.

What are the outcomes?

• Improved collaboration: Between finance and development teams through facilitated workshops, resulting in better understanding and alignment on objectives.
• Flexible and tailored support: The level of support can be varied, which includes light-touch project management, provision of continuous updates on development appraisals, supporting effective to the board.
• Benchmarking club membership: Establishment of an annual benchmarking club for clients, providing invaluable insights into development performance relative to peers.

What are the benefits of DTP’s support?

• Improved project viability: Ensures development projects are financially sound and aligned with best practices.
• Proactive risk management: Identifies potential risks early, enabling pre-emptive actions to mitigate challenges.
• Strengthened stakeholder confidence: Reinforces trust among stakeholders and regulators regarding effective development management.
• Optimised resource allocation: Informs better decisions on resource distribution to maximise investment benefits.
• Continuous improvement: Fosters a culture of learning and refinement for future development strategies.

For more information on how DTP can support your organisation, please get in touch with Andy Roskell, Managing Director or Andy Chapman, Senior Consultant.