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Feasibility study

An analysis to assess the viability of a construction project, determining budget, schedule, and requirements, often including conceptual design and cost estimates.

Feasibility studies evaluate the practicality and financial viability of a proposed project, examining factors like location, budget, market demand, and potential risks to guide decision-making.

Used in a sentence

A feasibility study is conducted to assess the viability and potential risks of the proposed development.

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Mitigating the Impact of Tariffs in Construction

The construction industry faces constant financial uncertainty, and the 2025 escalation of global tariffs mandated by executive order drew attention to their potential impacts. While no crystal ball can tell exactly when they will go into effect, how long they will last or how much they will fluctuate, one thing is certain: Tariffs can affect the […]

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