πΈ Costs Section
The Costs section is where youβll enter all development-related expenses β from consultant fees to construction, council charges, and contingencies.
ποΈ Cost Categories are Customisable
You can tailor each tab to suit your projectβ for example, rename Infrastructure Fees to Headworks. Learn how to customise cost categories.
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Cashflow Icon
If actual payment dates are known, click the cashflow icon next to a cost to sync it directly to your cashflow.
π§βπΌ Professional Fees
Add consultant and advisory fees β such as architects, engineers, surveyors, or project managers.
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You can customise the tabs to suit your workflow β set them up by approval stage (e.g. DA Costs, BA Costs) or by discipline (e.g. Civil Consultants) β or just keep it simple with a single tab.
ποΈ Construction Costs
Construction Contract
Include your main construction contract amount here.
You can also add any variations now or update them later once the project is live.
π‘ Tip: Land subdivision projects may not require a formal construction contract β you can list civil works here or under Professional Fees instead.
Progress Payment Schedule
Feasly auto-generates a draw schedule β distributing the contract value across an estimated timeline.
Click Distribute to activate.
Use Redistribute to adjust.
Update with actuals as the project progresses.
Other Construction Costs
Capture construction-related costs not included in your main contract β e.g. demolition or site preparation.
π Development Fees & Charges
Include all government, industry, and local authority charges related to the development.
Infrastructure Fees & Credits (Headworks):
Government levies tied to development approvals. Use the Credits field to offset any applicable rebates or contributions.
βStatutory Fees:
Government or industry fees β such as council applications, land titles, or the Workers Levy.
π‘ Some costs may be GST Exempt. Select βExemptβ from the GST dropdown. Seek Professional Advice.
βOther Fees & Charges:
Utility or industry-related costs β e.g. water, electricity or NBN connections, service installations, or relocations.
ποΈ Land Holding Costs & Outgoings
Add all costs incurred while holding the land β either before construction or sale (Land Holding) or after development (Outgoings).
Land Holding Costs:
Costs to maintain the land β such as council rates and land tax.
βOutgoings:
Ongoing expenses such as insurance, security, body corporate fees, and pre-sale maintenance.
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β οΈ Contingency Allocation
Add buffers to account for cost risks and unknowns.
Construction Contingency:
Applies a percentage of Total Construction Costs.
βProject Contingency:
Applies a percentage of Project Costs.
βExcludes: Construction Costs, Construction Contingency, Funding Costs.
βIncludes: Sales Costs (excluding those remitted at settlement).
π‘ Tip: You can also add a contingency as a separate line item in any tab β helpful for unique or unknown cost risks.
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π Note: GST is not applied to contingency allocations in the GST Summary Report, as they are not actual costs.
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