In last blog we discussed the different cost heads for the development of Sports ground. Today we will see why sometimes it is a good idea to develop a ground in multiple phases. We will also quickly see the benefits, methodology and disadvantages of the phased development of a sports ground.
While there are many reasons to consider phased development but mostly it is required when the investor/owner faces a challenge in getting the required funding at the onset of the project. Phased development in Sports projects particularly Pay n Play for 5 a side football ground is possible because the phases are sequential in nature i.e. one phase is followed by the other.
Phased development might be required due to: –
- Paucity of funds
- Paucity of time
- Unavailability of Resources
- Completing only the revenue earning components – such as sub-base and synthetic football surface – in first phase could make the investment lucrative for the potential lenders or investors
- Enables the investor/owner to earn revenue from the completed parts of the playground
- Lower initial investment
- Development cost of a playground whether it be a 5 a side, or a Badminton ground can be spread over a longer period
- Enables the owner (or Pay n Play) to respond to the changing market dynamics
- Understand the desired outcome of the playground. Whether the owner is making the ground so that it can be a
- Direct source of income e.g. Pay n Play
- A source of Indirect Income e.g. a School or College for the purpose of attracting students
- Part of Regulatory requirement e.g. For opening a School
- Host to a Sports tournament (For instance a school wants to conduct a CBSE or any other tournament)
First phase should achieve the primary outcome of the playground
- Eliminate any non-essential functionality and push it to the next phase. Understand features of each cost-head and decide whether it is essential for the current phase or can be pushed for the next phase.
- No compromise is done on the safety of players
As always there are disadvantages which are associated with Phased development
- Overall cost will become higher than a single phased project
- Overall development time will be longer
In next blog we will discuss the importance to have a proper plan and design to start construction of a sports ground. We hope you liked this blog. In case you have further questions please do write to me at email@example.com .