Estimated Development Cost (EDC) Reports (NSW Dept of Planning)
- Jun 5
- 2 min read
Updated: Jun 26
In March 2024, the NSW Department of Planning changed the way development costs are calculated for planning purposes. Outlined in circular PS25-004, the changes replaced the methodology for the calculation of "Capital Investment Value (CIV)" and "Estimated Cost of Development" with a new single methodology called "the Estimated Development Cost" (EDC).
An Estimated Development Cost Report in New South Wales (NSW) is a document prepared as part of a development application (DA) process. It provides an DA estimate and assessment of the estimated costs associated with a proposed development. This report is required by councils and NSW state government to:
Calculate Fees: Development application fees, levies and infrastructure contributions are often based on the estimated cost of the development.
Ensure Transparency: It provides a clear and accurate breakdown of the costs for the project, ensuring fairness in levying fees and contributions.
Regulatory Compliance: It helps ensure the proposed development complies with local planning and financial obligations.
Key Features of Estimated Development Cost Reports
Project Description: Details of the proposed development (e.g., residential, commercial, mixed-use).
Cost Breakdown: Elemental cost breakdown / cost summary table (depending on project value)
Professional Certification: Typically prepared or certified by a qualified professional, such as a certified quantity surveyor (CQS), architect or builder, to ensure accuracy.
Compliance with NSW Guidelines: The report must align with guidelines provided by Circular PS25-004.
Who Prepares the Report?
The report can be prepared by:
A Certified & AIQS Registered Quantity Surveyor for larger or more complex developments (typically over $1m value, but this can vary between councils).
A Builder or Architect for smaller projects.
For minor developments, a builder’s or applicant’s self-assessment may suffice, though this depends on local council requirements.
Why Is It Important?
Fee Calculation: Councils use the estimated development cost to calculate fees like development application fees, construction certificate fees, and infrastructure contributions.
Accuracy and Credibility: Overestimating or underestimating costs can lead to unnecessary expenses or compliance issues.
If you’re preparing a DA in NSW, ensure your cost report meets local council requirements, as each council may have specific formats or thresholds.
CPP Quantity Surveyors specialise in in preparing compliant reports for the NSW Department of Planning and all NSW Local Councils.
If you’re lodging a DA and need your EDC completed, we can help.
📞 (02) 9629 3495
