As mentioned in its name, a construction feasibility study is conducted to determine if a construction project is “feasible”. It may sound simple, yet in fact, it is not. J & Partners’ professionals consulting team often breaks down the construction feasibility study into four particular reports: Real Estate Feasibility, Financial Economic Feasibility, Marketing Feasibility and Technical Feasibility and then deliver clients with a comprehensive report with results from the specific research.

Real Estate Feasibility Study

This paper studies land survey, construction license, governing legal framework, impact of the building on the surrounding environment, traffic, market opportunities, risks and potentials. This type of study is necessary for any construction projects, regardless of family homes or commercial buildings. It should be conducted prior to land acquisition and development.

Financial Economic Feasibility Study

this study deals with financial capacity of the investor against the amount of funding needed to complete the construction project. Despite a section of cost-benefit-analysis already available in any business plan, it is still required to carry out a financial feasibility study with more detailed statistics and numbers which should be done by a professional construction feasibility study company like JNP.

Marketing Feasibility Study

This type of study deals with market impacts and possibility to penetrate. Specifically, JNP study team looks at the local demographics, target market characteristics, and more. The study is important when investors want to penetrate in a locality or a country.

Technical Feasibility Study

This paper studies a wide range of micro studies, including schedule, technology, resources, culture, ethics, operations, v.v… to determine the viability of construction technologies and techniques used in the project.

 

From the aforementioned study results, JNPartners’ consulting service team will make recommendations to clients to facilitate their decision making for the project’s launch.