Judging Criteria - Contestants
Contestants. your submittal will receive a score from each Judge that reviews your project from 0 to 100. 100 being a perfect score. We have divided the scoring into four areas with some explanation on criteria we have given the Judges. The Judges have been given this same outline to base their scores on.
First – Submission Criteria
This section is worth 10 points. Does the Submittal follow the criteria set forth in the Executive Summary? The criteria that Submittals are required to meet are;
The Executive Summary is to include a cover page identifying the Team Name, the Team Number assigned by the Real Estate Challenge the name and address of the project. The body of the Executive Summary is to be 9 pages or less excluding exhibits. Exhibits are to also be 9 pages or less and can consist only of aerials, street maps, photos of the property, elevations, site plans. No financial analysis is permitted as an exhibit in this phase of the competition. The total Executive Summary then would not be more than 19 pages total.
Second – Content
This section is worth 25 points. The question to answer is did the contestant include the required information in the contest rules? The rules were as follows. The Executive Summary is to include sections and or information on the project of;
Salient Facts
Deal Economics
Property Description
Feasibility
Cost Summary
Originality – plan must be created by students
Third – Market Feasibility
This section is worth 50 points. Submittals are to be projects that would be feasible in the current marketplace. This section of judging should is broken down into the following categories;
Sustainability – Does the project address Sustainability? What level of Sustainability does the submittal achieve? How well do the Sustainability aspects of this project fit within the community?
Income Comparables – is the projected income projected for this project in sync with the market for the location the project is in and for the type of property being proposed?
Project Feasibility – is the type of project feasible at the location they are proposing it. Is there real market demand for this type of product where they are building it etc?
Cost Analysis – are the projected costs outlined in the Submittal in line with costs for the type of project being developed in the location being developed?
Design/Site planning –Are the buildings organized to make the best use of the property for the product type or to work well together in case of a mixed use project? Is the overall design of the project fitting with the area it is proposed in? Does the design fit well with the uses proposed?
Fourth – Acid Test
This section is worth 15 points. Contestants have been asked to present this Executive Summary as if they were giving it to an equity investor or banker to obtain funding for the project. The Acid Test asked of the Judges then is” would you be willing to invest in this deal”? The range for determining scoring here is based on the level of interest an investor would have in this proposal in today’s marketplace.
All submissions must be submitted online at the Challenge Website before Tuesday February 16th by midnight!
If you have any technical questions call Eli at 801-636-1122 for any other questions you can call Bob @ 580-0466 or call Fred @ 647-1300.
Have Fun