The Estimated Development Cost (EDC) is a key planning requirement used to:
- determine development approval pathways
- calculate assessment fees, and
- apply Development Application (DA) requirements for State-Significant Developments (SSD) and State-Significant Infrastructure (SSI) in New South Wales.
The Environmental Planning and Assessment Regulation defines the EDC of a proposed development as the estimated cost of carrying out a proposed development;
Including
- The design and erection of a building and associated infrastructure
- The carrying out of a work
- The definition of a building or work
- Fixed or mobile plant and equipment.
Excluding
- Amounts payable, or the cost of land dedicated, or other benefit provided, under a condition imposed under the EP&A Act, Division 7.1 or 7.2 or a planning agreement
- Costs relating to a part of the development or project that is the subject of a separate development consent or approval
- Land costs, including costs of marketing and selling land
- Costs of the ongoing maintenance or use of the development
- Goods and Services Tax (GST).
The NSW Department of Planning, Housing, and Infrastructure (DPHI) requires that SSD or SSI applications exceeding $3 million include an EDC Report prepared in accordance with the AIQS Practice Standard Construction Cost Assessments for NSW Estimated Development Cost Reports – Second Edition (available for download below).
For more information on requirements, legislation, webinars, and policy updates, visit the DPHI website.
Download the AIQS Practice Standard
Latest EDC News
Updates on EDC for State Significant Projects
The NSW Government Department of Planning, Housing and Infrastructure (DPHI) is hosting a webinar in collaboration with AIQS and RICS
Important notification regarding Estimated Development Cost (EDC) Reports
In helping to support timely and consistent project assessments, the Department of Planning, Housing and Infrastructure (DPHI) have asked AIQS to remind
Construction Cost Assessments for NSW Estimated Development Cost Reports (2nd Edition)
The Second Edition of the AIQS Construction Cost Assessments for NSW Estimated Development Cost Reports Practice Standard has been published
