LAND DEVELOPMENT SUPPORT FROM ACQUISITION TO CLOSE OUT
MARK SYSTEMS enterprise home builder software supports every residential construction process from land acquisition through warranty. Using the same single knowledge base as all of MARK SYSTEMS' software, the IHMS Land Development modules offer full budgeting, scheduling, complex contracting and job cost for land development and commercial construction projects. Pre-liens (Notice to Owners), detailed voucher requests in accustomed formats, and automatic joint-check processing gives the builder-developer the same tight cost control as MARK SYSTEMS' vertical construction products.

MULTIPLE DETAILED LAND DEVELOPMENT BUDGETS
WIth support for multiple Land Development budgets, builders using MARK SYSTEMS IHMS Land Development modules can track development projects from inception through close out. Voucher requests Voucher Requests tied directly to contract lines and tight budget control prevents overruns and ensures billing accuracty. By taking advantage of MARK SYSTEMS' inherent multi-company capabilities, developers can use any entity structure or combination of entities. MARK SYSTEMS IHMS Accounting software provides discrete company financial and cost reporting, while allowing cross-company allocations, inter-company postings and consolidated financial reporting. Using a single software product for every aspect of residential development and construction gives builders unmatched access to information and control over reporting.

Working Job Cost budgets for MARK SYSTEMS' IHMS Land Development update directly from accepted subcontractor agreements. MARK SYSTEMS' IHMS Complex Contracting modules allow simple, accurate entry and maintenance of quantity based and percentage complete contracts using industry standard formats. Virtually unlimited levels of detail lines for multiple cost codes, including change order information by detail line and cost code, is tracked directly in each contract. Extensive reporting on billed items, remaining balance, payments and contract status identify potential problems before they occur.
Whether land development costs exist in the same company as vertical construction costs or in an entirely separate entity, MARK SYSTEMS' IHMS Home Builder Software lets you assign land allocations directly to each house. MARK SYSTEMS' IHMS common knowledge base and multi-company capability lets you post costs, payments, expenses and cash receipts across entities, to both individual houses and to the land development project in the same transaction.

 

The LD Contract Management Module lets builders and developers enter and maintain multiple line items and cost code detail for large complex vendor contracts, typically for projects such as land development / site improvement. These contracts also have the ability to be tied to 3rd party vendor Pre-Liens which enables the user to process progress payments for the contract and produce joint checks in order to satisfy the pre-liens. In addition, this contract information may be used to update and maintain the project’s budget throughout the life of the project.

Each vendor contract can be entered and tracked in detail as agreed upon with the vendor with the ability to add line items to account for change order detail throughout the construction process. Investor partnership reimbursement dollars as a percentage of the total contract can also be automatically tracked as progress payment vouchers are processed.
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The Bottom Line: MARK SYSTEMS' IHMS Land Development modules help you take any project from initial concept through final close out.

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American Management Enterprises, Inc.