Turn Residential Development Financial Data Into Better Decisions.
Development accounting is entity-and-project accounting: land capitalized into basis, hard and soft costs accumulated by project, financing and interest carried, equity contributions and distributions tracked, and proceeds recognized at closing.
Bivvit does not replace development accounting. It analyzes the project-level information produced by your financial systems.
Free. Send one project to start.
Ten inputs that decide a development outcome
- Land basis
Acquisition price plus the costs capitalized into it. Basis sets the ceiling on what the project can earn.
- Hard costs
Sitework through finishes, by cost code, against the construction budget.
- Soft costs
Design, entitlement, permits, impact fees, consultants, insurance and closing costs.
- Financing
Construction loan, draws, interest reserve, fees, and leverage against cost and value.
- Equity
Cash actually invested, when it went in, and when it came back out.
- Carry
Interest, taxes, insurance and utilities during construction and while the project is on the market.
- Cost to complete
What remains to be bought on an open project, which is what makes a forecast real.
- Sales
Contract price, concessions, commissions and closing costs against the pro forma.
- Profit
What the project produced after every cost, including financing and carry.
- Timeline
Entitlement, construction and sales duration — the periods that consume carry.
Your last deal is the best input to your next pro forma
Most feasibility work is built on assumptions borrowed from elsewhere. Once a project closes, you own real numbers: what the site actually cost to develop, how long entitlement really took, what carry actually ran, and what the market actually paid.
The ledger and the analysis
- Records transactionsInterprets project performance
- Tracks job costsCompares job costs across projects
- Organizes cost codesFinds cost trends by category
- Produces financial reportsExplains what the project did
- Reports actual spendingExplains variance
- Focuses on individual transactions and projectsCompares your completed projects
- Records historyHelps you use history on the next project
You need accounting. Bivvit makes that data more valuable.
Related Guides
- Builder Accounting
What your books do well, and where they stop.
- Construction Cost Per Square Foot
How to compare cost/SF correctly.
- Builder Profitability
Where profit on a residential project comes from.
Put It Against Your Own Projects.
Send us the records from a completed project. Bivvit organizes the numbers, shows what happened, and helps you understand what to carry into the next one.
Free Project Snapshot. Every completed project makes your Project Pulse more useful.