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Benefits of Modular Construction
Benefits of Modular Construction

Prefabrication of building elements, which can also be called modular construction, offers benefits for project owners that include lower costs, less material waste, and faster construction schedules. This method of construction can be especially beneficial on [...]

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Reducing the Carbon Footprint of Your Construction Project
Reducing the Carbon Footprint of Your Construction Project

The term carbon footprint refers to how much greenhouse gases (GHGs) are being released into the environment when using or manufacturing a product or performing an activity. Many gases can cause damage to the earth’s environment, [...]

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Pros and Cons of Green Building Certification
Pros and Cons of Green Building Certification

Much has been written about the benefits of building green: it is better for the environment, better for building occupants, and can save owners money on energy costs. Owners may wonder if it is worthwhile to [...]

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What is Construction Management?
What is Construction Management?

Professional construction project management is a super fine-tuned system designed to facilitate planning, coordination and control of a project from the early stages all the way to project closeout and completion. Qualified construction managers use specialized [...]

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Which Delivery Method is the Most Appropriate for Your Construction Project?
Which Delivery Method is the Most Appropriate for Your Construction Project?

A construction project's planning, design, and construction can be organized in several ways, also known as delivery methods. Like contract types, delivery methods dictate the contractual relationships between the client and the contractor, while adding the [...]

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What are Submittals in Construction?
What are Submittals in Construction?

Like the wheels of a clock, countless procedures work in concert to deliver a successful construction project. Construction submittals are one such process and are used to enforce a project's design requirements and fulfill the client's [...]

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Just like with any project management plan, the construction project process consists of a series of predetermined phases that begin with project initiation and end with closure: completion and delivery. Often, the first concrete steps of a construction project will be to choose a construction management firm and conduct a feasibility report or study. This study, one of the critical stages of the construction project management process, belongs to the planning phase. In some systems, the planning phase is considered to belong to the stage called preconstruction. The importance of this first phase can’t be overstated—excellent planning will make a project; faulty or substandard planning will break it.


What does a feasibility study look at?

Perched at the top of a construction project management process flow chart sits the feasibility study which will culminate in a feasibility report. This introductory analysis takes the spark—the initial idea—and compares it with reality. Without having the details and green light that the report provides, moving forward could be a perilous step—kind of like buying a ticket to an exotic destination without checking the political situation, weather forecast or health alerts. You might have the vacation of a lifetime, or you might be headed for disaster.

One commonly used acronym for this project management step in construction as well as in other fields (especially IT), is TELOS: Technology, Economic viability, Legal considerations, Operational feasibility and Schedule.

In terms of construction planning, further feasibility concerns will be aesthetic, environmental and cultural. Green though a yurt may be, how would the neighbors feel about having one officiating on the lawn next door?

Practically speaking, if this is a new construction project (rather than restoration), an engineering firm will carry out a land assessment that compares three elements: the client’s vision and needs; zoning/government ordinances; and the results of the topographic survey or site appraisal. This latter determines access, grade, soil, waste management options, resource availability, easements and restrictive covenants. Other factors for consideration might include planning permissions, infrastructure changes (including improvements: lightning-fast internet, improved water treatment, etc.), and the proposed yurt park or peacock farm next door. If there are no major obstacles in sight, the architects can set to designing early plan drawings. These will be used to give a ballpark estimate of project cost.

A detailed feasibility study can take time in accordance with the size of the project. It will let the team know if the project is viable, needs to be adjusted or is unlikely to succeed. If the stars align, and the general consensus is that the project is workable and wonderful, it will be time to move on to the next construction project planning step, preconstruction.