Gross Development Value (GDV) Sample Clauses

The Gross Development Value (GDV) clause defines the total estimated market value of a property development once all works are completed and the property is fully sold or let. In practice, this clause sets out the method for calculating GDV, often referencing independent valuations or agreed-upon formulas, and may specify when and how the GDV is to be determined during the project lifecycle. Its core function is to provide a clear and objective basis for financial calculations, such as profit shares, payments, or loan assessments, thereby reducing disputes and ensuring transparency between parties.