After having used a developer’s agent for viability appraisals for many years, Livin has brought the function in-house following the implementation of ProVal from SDS.
Wayne Harris, executive director of property and development, Livin, said, “We wanted a supplier of industry-recognised appraisal software that was easy to use and flexible enough to meet changing development parameters. Our developer’s agent was already using ProVal so although we looked at what other housing providers were using, it was any easy choice to go with the system.”
Once ProVal was being used regularly at Livin, testing began on SDS Sequel for the project management and cash flow monitoring of their developments. Both systems are now used for all developments from site appraisals at the feasibility stage through to managing the entire HCA AHP 2011/15 programme, including the HCA empty homes programme. In addition, Sequel is used for project managing Livin’s HCA mortgage rescue scheme.
Andrew Kitchen, development manager, Livin, said, “ProVal enables us to carry out all our financial appraisals in-house without the need to appoint a consultant and gives us greater freedom by having as many scenarios as we need. We’ve also been able to see how the effects of changing parameters can make us more competitive.”