This
is an invaluable feature/service our company offers our clients, to help
analyze the bottom line return on invested dollars, prior to committing
large sums of money to the project.
This feasibility study service allows our clients to
decide in the early stages of a project’s development whether it
would be economically feasible for them to proceed with the project’s
concept. Without this, a client could spend large sums of money in coming
to that same conclusion later on.
This service can be done on either a conceptual basis,
and/or on an actual basis, depending upon the project’s status,
and on how far along in its development it is at that particular time.
Some of the many benefits this service provides for our
clients are as follows:
1. Analyze the development costs (land development costs and
building costs) in the early stages of a project’s development,
to see if the project can or is falling within a budgetary level contemplated
by the Owner/Developer.
2. Use this feasibility study to develop a pro-forma
on the entire project to reflect the end user and return on investment
dollars, to see if the project is an economically viable one.
3. Supplement our study with a set of preliminary drawings
and an outline set of specifications (all of which can be developed
through our office) to present to the various lenders, in seeking proper
financing, or to potential equity investors, and/or other investors
that might be interested in investing in the project.
4. Use this feasibility study package to determine
pricing for lease and/or sale of property, and develop a set of promotional
drawings/package for pre-leasing or sale of property. This package can
now be presented/promoted on a conceptual basis (to be built basis),
and/or actual basis (turn-key/built basis), to potential investors,
tenants, and/or buyers.
5. This preliminary feasibility study analysis can
be done prior to the site plan review process, based upon conceptual
design plans, saving a client money and time on their project.
6. Our feasibility study package is normally customized
to meet our client’s particular needs, as well as their project’s
scope and its complexity.
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