What is an Estimated Development Cost (EDC) Report?

An Estimated Development Cost (EDC) Report provides a comprehensive breakdown of the total anticipated cost to deliver a development project, covering everything from construction works and site preparation to professional fees, authority charges, contingencies, and infrastructure requirements. Prepared during the planning or early design stages, an EDC helps confirm project viability, supports funding and approval processes, and ensures stakeholders understand the full financial scope before moving forward. It serves as a critical foundation for budgeting, risk management, and informed decision-making across the life of the project.