Why a Feasibility Study is the Smartest First Step in Any Build
Most developers and homeowners jump into design too quickly — only to find out later that their project isn’t financially viable. By the time a Quantity Surveyor gets involved, money has already been wasted on drawings that don’t match the budget.
That’s where a feasibility study comes in.
What is a Feasibility Study?
A feasibility study is an early-stage cost and risk assessment. It answers the simple question: “Can this project be delivered within the budget, on this site, under current market conditions?”
It typically includes:
High-level construction costs (civil + build).
Benchmark rates per m² for comparable projects.
Allowances for siteworks, services, and contingency.
Risks that could impact budget (materials, delays, design complexity).
Why Start with Feasibility?
Save money on design
Architects are brilliant at design, but it’s easy to spend $30,000+ on plans that later need rework because costs don’t align with reality. A feasibility study ensures the concept and the budget match before design fees pile up.Secure land or funding with confidence
Whether you’re purchasing a site or negotiating with a lender, having feasibility-level numbers gives you leverage and certainty.Avoid false starts
Countless projects stall after resource consent because no one validated the cost-to-build early enough. Feasibility is about making sure the project stacks up before you commit.
How Feasibility Helps Architects
Architects love working with clients who have realistic budgets. When a QS provides feasibility numbers early:
The design can be shaped around a cost framework.
Fewer redesigns are needed.
The client stays confident, because numbers back the concept.
This makes the whole process smoother for everyone involved.
Why Use Measured Consultancy?
Registered QS with 12+ years’ experience across residential and multi-unit developments.
We know current market rates (we’re pricing projects weekly for builders and developers).
Independent advice — we don’t push products or suppliers.
Clear, bank-ready reporting if you progress to funding.
Next Steps
If you’re considering a project — subdivision, new build, or development — talk to us before you engage full design.
Contact us today for a feasibility discussion – we’ll make sure your project is viable from the start.