Project Feasibility and Cost Studies
A realistic budget is an essential management tool for any project. Our clients have come to rely upon the timeliness and accuracy of our project cost studies to estimate the probable costs of the real estate and associated damages, the relocation exposure, business damages and goodwill exposure, and the myriad of incidental costs that will be encountered along the project.
Our studies start with an inventory of affected properties, and by using public Assessor’s Roll information, we investigate ownerships, lot sizes, and building sizes. Our research can also include visual inspections of properties to provide expert evaluation of the effects of a proposed acquisition, or the feasibility of the project itself.
Our analysts prepare estimates of probable costs using data sets created and also utilizing various real estate value databases. Our estimates may involve probable relocation assistance exposure, fixtures and equipment moving costs, probable loss of business goodwill, and incidental costs that may be associated with the real estate acquisition program (appraisals, acquisition and relocation agents, title/escrow, and legal services).
Our delivery of accurate and thorough cost estimates have saved governmental agencies hundreds of thousands of dollars by providing a ‘looking glass’ view of potential project issues, allowing for brainstorming and advanced planning to attain the best outcomes.