Last edited 23 Jun 2017

Feasibility studies for construction projects

Feasibility studies are preliminary studies undertaken in the very early stage of a project. They tend to be carried out when a project is large or complex, or where there is some doubt or controversy regarding the proposed development. If an environmental impact assessment (EIA) is required, this may involve assessments best undertaken as part of feasibility studies.

The purpose of feasibility studies is to:

On large or complex projects, there may be a number of different feasibility studies carried out, sometimes requiring different skills, and considering issues such as:

Various stakeholders, statutory authorities and other third parties may need to be consulted in the preparation of feasibility studies.

The assessments carried out should be presented in a structured way so the client can decide whether or not to proceed to the next stage. Wherever possible, any information prepared or obtained should be in a format which can be readily shared and used, and should be stored and named in a way consistent with the long-term project and operational needs.

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