Caution is good when making large investments. Not sure if the project is worth pursuing? You need accurate cost estimates, revenue forecasts and detailed financial analysis. Do you want to be sure that your investment project will be technically feasible? And in compliance with the law and the environment? In that case, before you give the green light to a new project, you should want to see a feasibility study.
A feasibility study is the first important step in any construction or development project. It is a document that comprehensively and in detail assesses the potential of an investment project and its return, yield, or profitability.
As it serves as a basis for investment decisions, it is carried out before the project starts. In addition to a detailed financial plan including total costs, revenues and return on investment, it also includes a risk analysis and an assessment of risk scenarios. This can save time, money and resources.
Imagine you are about to build and need to make a decision. A detailed feasibility study will compare the solution options, including costs and design specifications, energy performance, fire safety, sustainability and risks. You will receive a comprehensive assessment, in black and white, and it will be up to you to make a decision based on it.
If we were to write down some of the most common questions of investors and developers which can be solved in a feasibility study, it would be:
We work with the topic of feasibility studies on various departments, from Technical due diligence to DESIGN & ARCHITECTURE to Project Management.
A well-conducted feasibility study is the cornerstone of a successful project. It provides investors and developers with important information on which to make informed decisions.
If you as an investor embark on a construction without a general contractor (GC), you will usually save 10-20% of the cost just by doing this. However, there are other benefits to well-done construction management (CMA), especially for complex construction projects or renovations.
Read moreIdentifying the risks associated with buildings, projects or land, including assessing the feasibility of building modifications, operational efficiency and energy performance of the building, through to adaptation options and achieving the objectives of your ESG strategy. These are the objectives of the discipline called Technical Due Diligence (TDD). What are the benefits of TDD and what to look out for when creating an assignment?
Read moreWhichever way you look at Prague, you are likely to see a building that we are involved in. We will gradually introduce you to selected projects that make us happy – in the medieval core of the city, in the wider centre and on the outskirts of Prague.
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