Clients may seek the services of an architect to assist in the preparation of a report on the economic viability of a project through an analysis of the relationship between the cost factors of site, construction and building operation on one hand, and the estimated return from the project on the other.
In establishing project feasibility an architect may assist quantity surveyors, project developers, engineers and other construction professionals to establish project viability. It is important to ensure clear explanation of issues beyond the control of participants in project feasibility, which may affect the potential feasibility outcome. In this regard quantity surveyors will be of assistance. Architects’ additional fees for project feasibility assessment would normally be undertaken on an hourly rate, whether as team member or team leader.