What is a feasibility study?
Undertaking any building project is an expensive process. The feasibility study is a short analysis of financial, practical and legal viability of the project, to understand the whether the project is feasible, before you commit to significant expenditure.
How we do feasibility studies
We will meet with you to discuss your ideas and to draft an initial brief for the project. We will listen to your ideas and use them as the basis of our research.
We will draft several layout options with a short discussion of the pros and cons. We will discuss these options with you, and then develop a preferred proposal. This will not be a finished scheme, but will be a fair representation of what you want / need and will be adequate for preparing a preliminary budget estimate.
The budget estimate may be prepared in house, or we may recommend using a quantity surveyor. This outline cost estimate can be used to decide if the project is affordable, or if it needs to be revised to suit your budget.
The estimate can be considered a “shopping list” of the items you would like to include or omit.
Feasibility Study Report
Following the study you will receive a sketch scheme and a feasibility report, which answers questions such as:
- What are the best internal layouts for our proposals?
- What consultants/design advice will be needed?
- What could the building look like?
- How much roughly will the project cost?
- Can the building work be phased?
- Are there any tax issues?
- What are the key planning and legal considerations?
- Are other consents needed (Conservation Area, Listed Building Consent, Ecclesiastical Exemptions)?
- Other requirements and statutory consents (BREEAM, Code for Sustainable Homes, Building Regulations)