Feasibility Studies

Feasibility/Assessment studies in the construction industry can be simply defined as the evaluation of the viability of a development project. It is used as a tool for analyzing if a proposed task can operate under a given set of assumptions, such as the technology used and the monetary aspects of the construction work.

Feasibility studies focus on providing information to help investors decide whether to proceed or redesign a proposed development project or idea. They are mainly used in business ventures relating to the construction industry.