A.A. Mensah, E.E. Duncan, M.F. Annku
Speculative developments on land areas given out for developments have posed great challenges to would be developers, be they mining concerns, schools and universities or any other potential enterprise for uninterrupted growth. Challenges that have dogged developers in any of these categories for development have been unprecedented, exorbitant post compensations to be paid for the land and what have been developed on them. This paper makes thorough analysis into these challenges that could have unpleasant repercussions for the developer in this case the University of Mines and Technology, (UMaT). The existing format of documentation is considered and an enhanced format evolved that will make the presentation of documentation for effecting compensations more transparent while eliminating unwarranted Speculative Developments (SpD) that have most often created heated arguments and rancor between individual land owners and the development agency.
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