Feasibility Study

Because floating developments are relatively new, and require substantial investment, financiers might require proof to move ahead into the next phase. How to get to that proof? How to weigh risk versus benefits of the project? What adjustments, if any,  would create a higher chance of success?

A feasibility study assesses the viability and potential success of a proposed project or venture. It is a subsequent step after a location scan, a floating system, the design in a 3D model (incl. weight distribution) have been completed. There are several types of feasibility studies which our team can perform, e.g. technical, financial, market or legal feasibility studies. Depending on your choice of feasibility study and the number of studies needed, a customised quote will be provided.

• Technical feasibility evaluates the engineering and technological requirements of the proposed system. 
• Financial feasibility examines the estimated costs, including equipment, labour, materials, and operational expenses, to determine if the project is economically feasible and can generate sufficient return on investment. 
• The market feasibility analysis helps gauge the potential demand for the project’s end product or service, determining if there is a viable market and if the project has the potential for commercial success.
• Legal feasibility study evaluates the regulatory requirements and constraints associated with the project. 

The outcome of a feasibility study helps make informed decisions regarding project initiation, resource allocation, and risk management. It provides a comprehensive understanding of the project’s strengths, weaknesses, opportunities, and potential challenges, allowing for adjustments or course corrections before substantial investments are made.