Initial Consultation: Understanding the client’s project scope and specific requirements.

Review of Project Documents: Analyzing blueprints, specifications, and other relevant documentation to understand the project’s design and requirements.

Quantity Takeoff: Measuring and listing the quantities of all materials and items required for the project.

Financial Assessment: A critical aspect of the feasibility study is to provide a detailed financial analysis. This includes estimating costs, potential revenue, and return on investment.

Cost Estimation: Calculating the costs associated with labor, materials, equipment, and other resources, based on the quantity takeoff.

Consideration of Indirect Costs: Including costs like overhead, insurance, permits, and other expenses that might not be directly associated with construction activities.

Risk Analysis: Assessing potential risks and uncertainties that may affect the project cost and incorporating contingencies to address these risks.