Acronyms & Abbreviations

A
AH: Affordable Housing
AONB: Area of Outstanding Natural Beauty
AST: Appraisal Summary Table

B
BAU: Business as Usual aka Counterfactual
BCIS: Building Cost Information Service
BCR: Benefit Cost Ratio
BRE: Building Research Establishment

C
CBA: Cost Benefit Analysis
CEA: Cost Effectiveness Analysis
CORE: Continuous Recording of Lettings and Sales in England (DLUHC survey)

D
DAT: Development Appraisal Tool (Homes England)
DfT: Department for Transport
DLUHC: Department for Levelling Up, Housing and Communities (website)

E
EPC: Energy Performance Certificate
EUV: Existing Use Value

G
GCMA: Greater Manchester Combined Authority
GHG: Greenhouse Gas
GDC: Gross Development Cost
GDV: Gross Development Value
GVA: Gross Value Added

H
HE: Homes England (website)

L
LVU: Land Value Uplift

M
MV: Market value

N
NAO: National Audit Office (website)
NPSV: Net Present Social Value

O
OB: Optimism bias

P
PDL: Previously Developed Land
PoC: Profit on Cost
PPG: Planning Practice Guidance
PRP: Private Registered Providers
PRS: Private Rented Sector
PVB: Present Value of Benefits
PVC: Present Value of Costs
PWF: Preferred Way Forward

Q
QRA: Quantified Risk Assessment

R
RDA: Residual Development Appraisal
RICS: Royal Institution of Chartered Surveyors (website)
RLV: Residual Land Value
ROCE: Return On Capital Employed

S
SR: Spending Review
SRS: Social Rented Sector

T
TA: Temporary Accommodation
TAG: Transport Appraisal Guidance (Department for Transport)

V
VfM: Value for Money
VOA: Valuation Office Agency (website)

W
WMCA
: West Midlands Combined Authority


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