to find the potential use and function of the adaptive reuse project for that segment of the market or region that the building owners wish to attract. In many cases, an adaptive reuse project might help stabilize a neighborhood which may be otherwise decaying or be at a threat of vandalism. This upward trend may create lucrative rent opportunities for building owners and dwellers of the neighborhood. This survey can be in the form of a physical inspection of the neighborhood and/or a detailed study of the zoning map of that region. Pedestrian activity, presence of sidewalks, street lights, benches and public parks and the presence of well-occupied shops and buildings can tell us a lot about neighborhoods. After the neighborhood has been established to be stable and safe and free of any infringing decay, the next step is to determine what amenities it has to offer in terms of roadways, public transportation, shopping and eating, hospitals, schools and libraries and so on. Financial considerations As discussed previously, adaptive reuse projects have the potential to work in phases or parts. A major advantage of renovating an existing building is that a refurbished portion of the building becomes suitable for occupancy before completion of the whole project. This provides as a huge advantage for private developers as it keeps the cash inflow during while the rest of the project undergoes construction. Keeping in mind the conclusions from structural and architectural survey, neighborhood survey and marketing survey, a budget is prepared. Building owners or developers can approach any of the financing sources such as insurance companies, foundations and funds, savings banks, building loan societies, endowment funds, Real Estate Investment Trusts, etc. Architect’s contract In most adaptive reuse projects, it is the architect who is the leader with the imagination of how an abandoned warehouse can become an office building or an abandoned hospital a condominium. Since the architect has a deep involvement in the success of a project, he must perform his work under a clearly defined contract. Under this contract, the architect and the owner are under the obligation of the contract and must abide by it. Progress of design, site visits and evaluation are some of the basic actions that the architect performs under this contract. There are different types of contracts, ranging from a fixed fee contract, percentage of construction cost contract and fee plus expenses contract. All stakeholders