NBC3004 - Construction Economics Development of Leisure & Community Centre

Assignment Task

Economic Feasibility Study

Assume that your team has been appointed as the Construction Economist for the project listed below.

Project - Development of a new Leisure & Community Centre

Introduction

Your group has been appointed as Construction Economist by The Proprietary Very Limited Corporation (PVLC) to carry out development and feasibility analyses of the proposed Development of a new Leisure & Community Centre , and to provide a commercial justification to PVLC for the development of this property.

The Client owns the land (approx. 120 m long by 90m width of 10,800 sqm) with an approved budget of $18 million only for the Centre.

As the Construction Economist Team of the project, you are requested to submit a Financial Feasibility Study for this development.

Each team must develop a feasibility plan to manage the activities required to deliver the centre.

This Project will be executed in three stages:

Stage 1 - Develop Project Proposal or Scope.

Stage 2 - Conduct Economic Assessment.

Stage 3 - Prepare Final Report and Presentation to the Client .

Requirements

Developing a scope of this project.

• Developing a Stakeholder register for this project.
• Developing a Project Budget & Potential Income & Expenditure Estimates for the delivery of the centre and ensuring that the owner can provide the funds and are committed to funding the project.
• Develop procedures and documentation for obtaining planning permits and approvals from the relevant authorities.
• Develop a Project Plan or Schedule (Using MS Project or MS Excel) by identifying the major tasks around 10 to 15 activities from inception to completion and handover of this development.
• Develop a risk register at the project level

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