And keeping track of the key performance indicators is essential. Listed below are 12 KPI’s that every property developer should track to ensure the build keeps to time, runs efficiently and ultimately makes a profit.

Out of these 12 KPI’s the one that often gets overlooked, (but holds great influence on decision making) is the Internal Rate of Return “IRR”. Simply put the IRR looks at the future value of income and expenditure to determine whether a development site is viable.

The formula can be taken further to set a minimum yield that a developer would be willing to accept in order to move forward with a project.

Needless to say, combine IRR with 11 other developer KPI’s and you can be well informed on the performance of your development site.