Introduction
A construction feasibility study—often referred to as a Plan and Cost Review—is a vital tool for lenders and developers. It evaluates project plans, budgets, and schedules to determine whether a project is viable and financially sound. In this blog, we’ll explore the essential components of a feasibility study and how it helps safeguard investments.

What Is a Construction Feasibility Study?
A construction feasibility study assesses whether a project’s plans, budget, and timeline are realistic and achievable. It identifies potential challenges early in the process, allowing stakeholders to address issues before construction begins.
Key Elements of a Plan and Cost Review
1. Project Overview
This section outlines the project’s goals, scope, and timeline to establish a baseline for evaluation.
What It Includes:
Project description and location.
Objectives and deliverables.
Initial timeline and milestones.
2. Budget Evaluation
A feasibility study reviews the project budget to ensure financial resources align with goals and cost projections.
What It Includes:
Cost breakdown by phase and activity.
Contingency funds and reserves.
Cash flow projections.
3. Construction Plans and Documentation
The study assesses architectural and engineering plans, ensuring they are detailed and coordinated.
What It Includes:
Review of design documents and drawings.
Evaluation of material specifications.
Analysis of structural systems and construction methods.
4. Schedule and Timeline Feasibility
Delays can derail even the best-funded projects. A feasibility study evaluates whether the schedule is realistic and achievable.
What It Includes:
Milestone tracking and progress targets.
Review of phasing and sequencing plans.
Recommendations for managing potential identified delays.
5. Contractor and Vendor Analysis
The report evaluates contractor qualifications and vendor proposals to identify potential issues with performance or reliability.
What It Includes:
Contractor track records and references.
Vendor pricing comparisons.
Assessment of construction methodologies.
Why a Construction Feasibility Study Matters
A feasibility study offers numerous benefits, including:
Risk Identification: Highlights issues with plans, budgets, or schedules before they affect the project.
Budget Transparency: Ensures all costs are accounted for and realistic.
Informed Decision-Making: Provides stakeholders with clear, data-driven insights.
Project Efficiency: Reduces costly delays and change orders by identifying challenges early.
How KOW Building Consultants Can Help
At KOW Building Consultants, we specialize in construction feasibility studies, offering detailed plan and cost reviews to help lenders and developers make informed decisions.
Our Services Include:
Thorough plan evaluations and budget assessments.
Timeline and schedule feasibility analyses.
Contractor and vendor performance reviews.
With extensive experience and a commitment to accuracy, we deliver insights that keep projects on track and within budget.
Contact Us Today
Need expert guidance on evaluating your construction project’s plans and costs? Contact KOW Building Consultants today to learn more about our feasibility study services.
Our Office Locations
We proudly serve clients nationwide with offices in:
New York, NY
Rochester, NY
Queensbury, NY
State College, PA
Annapolis, MD
Boston, MA
New Jersey
Washington, DC
Charleston, SC
Greensboro, NC
Palm Coast, FL
Palm City, FL
Columbus, OH
Chicago, IL
Austin, TX
Sacramento, CA
San Diego, CA
Denver, CO
Nashville, TN
Conclusion
A construction feasibility study, including a detailed plan and cost review, is essential for identifying risks, evaluating budgets, and ensuring timelines are realistic. With expert guidance, lenders and developers can make informed decisions and safeguard investments.
Partner with KOW Building Consultants to get started on your project review today.
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