Feasibility
The purpose of a Feasibility Study is to identify the likelihood of one or more solutions for your site. It is an analysis of possible alternative solutions to a problem and a recommendation on the best alternative.
The Feasibility Study for a New House can be defined as the preliminary study that is being conducted to examine whether a certain project is capable of being granted Planning Permission in principle by the local authority.
In a commercial environment, the feasibility study includes site assessment, regulatory compliance, market analysis, financial viability assessment, and conceptual design proposals, ensuring that the proposed project aligns with both the client’s vision and market demands.
