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Your contingency of $45k is only 3% of your construction & other costs. Is this a bit low ? Have you factored in interest rate rises on the holding costs ? How will you know when the right time will be to begin construction ? What indicators will you be looking for ?

Thanks for posting Michael. Very interesting to see what s involved in a development. Is this classed as a small or medium development ? May I ask what contingencies the $100k is for ? Is it interest rate rises, excavation blowouts like hitting hard rocks, time delays due to rain, time...