A construction feasibility study is a critical step in determining whether your project is set up for sustainable success. They are proactive assessments designed to uncover red flags that could potentially, derail, delay or doom your buildout entirely. Identifying roadblocks early and addressing them proactively can save you time and money, and ensure your project is set up for success.

By understanding potential red flags and addressing them early, you can streamline your construction process and avoid unnecessary setbacks. These are a few issues we see when conducting site feasibility studies in South Florida and how you can prevent them from derailing your project during construction. 

• Poor site conditions – Sometimes site feasibility studies will identify problematic site conditions, such as poor soil quality, contamination or flood risks. If these issues remain unresolved, they can lead to delays, cost overruns, and structural instability. Make sure your study offers clear mitigation plans to resolve any issues.

• Overly ambitious timelines – If the feasibility study sets an unrealistic construction timeline, it can lead to rushed work, quality issues or contractor burnout. By working with an experienced construction consultant, you can develop a realistic project timeline your project team can adhere to.

• Unrealistic budget – Accurately estimating costs, especially for materials, labor, or contingencies, is imperative to the project’s success. If money runs dry, your build may stall out or you’ll have to cut corners to make it to the finish line. Avoid this by conducting detailed cost estimates during the feasibility study and lean heavily on the expertise of your construction consultant. They can also offer value engineering guidance to identify cost-saving opportunities without compromising quality.

• Insufficient stakeholder engagement – Lack of stakeholder buy-in can lead to disputes, delays or project opposition, so make extra effort to engage them during the feasibility study and remain transparent throughout the project.

• Nonviable design expectations – If the feasibility study presents a design that exceeds budget, zoning or site limitations, revisions will need to be made during construction, and this can cause delays and increase costs.

A feasibility study is only as effective as the steps taken to address its findings. By identifying and resolving red flags early, you can minimize risks and set your construction project up for success. Engaging a construction consultant during the feasibility and construction phases ensures that potential issues are managed effectively and your project will be set up for success.

Need expert guidance? Contact Seacoast Consulting Group today to learn how we can help you navigate feasibility studies and construction challenges with confidence.