The GIS Team Conducts Feasibility Studies To Be Certain Any Proposed Building Project Takes Into Account All Factors That Could Impact The Building Project

Our building projects begin with an in-depth feasibility study in order to identify issues that may have an effect if the building goes forward. The process includes the expertise of qualified professionals to assess the build location and reviewing the basic requirements of the planned build in relation to the topography and government ordinances.

The Purpose Of The Feasibility Study

The purpose of this study is to determine the factors that will make the business opportunity that was presented in the business case a success. The study will also assist in the process of evaluating the soundness of the building plan, working to ensure the building project is legally and technically feasible, and that the planned investment is economically justifiable.

One of the benefits of conducting a feasibility study is that it also helps decision makers formulate a more concrete plan of the proposed building. The process helps narrow the options and focus the project.

If You Are Considering Moving Ahead With A Building Project, Give GIS A Call And Let Us Help You Identify The Appropriate Steps You Should Take To Prepare

Our Development Services Include The Following:

When we conduct a feasibility study, we will assess the site in order to determine if the planned building is technically feasible at the intended site, whether or not the planned building is possible to be erected for the estimated budget, and if it is going to be a building intended to generate income, whether or not the building could potentially be profitable.  A feasibility study may also assess plans for development or construction in adjacent lots or near the site, and work to take into account the likely impact of the changes surrounding the lot.

Depending on the nature of the project, the feasibility study may also include details regarding financial expectations, cost vs. benefit analysis, and more.

The requirements of the study itself will depend on the nature of the project and the potential issues that the land presents.  It may be appropriate to ask the architect to furnish specifications for building parts and types of building materials, as well as a description of the facility’s mechanical and electrical systems. The initial plan drawings can provide information regarding intended building materials, anticipated allocation of resources and expenses, and land development needs.

A feasibility study may include details regarding potential offsite improvements required by the city or municipality, such as additional roads, parking, lights, or other changes.

A full feasibility study can take between 30 to 90 days, depending on the scale of the research required. Once the feasibility study is complete, we will review the finding with you and help you determine how the findings may impact your proposed building plans.

What Your Feasibility Study May Include And Reveal

When we conduct a feasibility study, we will assess the site in order to determine if the planned building is technically feasible at the intended site, whether or not the planned building is possible to be erected for the estimated budget, and if it is going to be a building intended to generate income, whether or not the building could potentially be profitable. A feasibility study may also assess plans for development or construction in adjacent lots or near the site, and work to take into account the likely impact of the changes surrounding the lot.

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If you are considering developing a site in the Seattle area and would like the opinion of an experienced professional, click the “Free Site Visit” button and we will schedule a time to meet with you.