Cost Benefit Matrix from the Business to Business website
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Cost Benefit Matrix

Factor Max. Score Property A Property B Property C
Location 15 - - -
Size 15 - - -
Cost 25 - - -
Image 15 - - -
Amenities 15 - - -
Parking / Transport 15 - - -
Totals 100 - - -


This will give a matrix that can help order each property on the shortlist. However the process is capable of manipulation, both by the maximum score possible for each category and the way each property is rated. What it does tend to show is the most popular property when assessed honestly by a committee (even a committee of one or two!).

A cost analysis can provide a more scientific comparison, however t is important to assess the specific leas implications such as lease length, break penalties, fit out and dilapidations costs as well as rent and taxes. If each property is available on similar terms for the same lease length this is much easier; if not a Net Present Value comparison should be undertaken for each property / lease commitment that will give you an average annual cost, both in terms of the total commitment and on a pro rata basis.

You may well find that the most favoured property under the matrix analysis does not provide the best value on a pure cost analysis basis, but this could then be the basis of some hard financial negotiations!

Previous>> Comparing alternative properties: The Property Cost and Benefit Matrix
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