Common use of – Project Concept Consideration Clause in Contracts

– Project Concept Consideration. In order to minimize risk to the developer, this step should be completed prior to securing financing, advancing in architectural design, and possibly even before acquiring land for new development or existing properties for redevelopment. On the “Project Concept Consideration” form, the developer will provide basic contact information, outline the general scope of the project (location, number of beds, parking, timelines, etc.), and provide a brief narrative of his/her understanding of BYU-Idaho and its overarching mission. The form will then be submitted to the Housing & Student Living Office. The Housing & Student Living Office will assess the concept and consider the needs within the approved housing market and, upon consultation with other university officials, render a decision whether or not the developer may advance in the approval process. Advancing in the approval process is not a guarantee of final approval.