A group of investors (the client) approached your construction project managementconsultancy requesting that you lead the group in preparing a feasibility study to redevelop aan existing school in an emerging area in Auckland. Your company will lead them into buyingthe property from Auckland City Council, design, build, finance and own the new facility.The City Council has specified that the purchaser is free to propose anything that fits with theexisting village community. The highly discerning villagers do not want any development thatis likely to generate too much traffic and attract many visitors. The villagers will be out tooppose whatever they do not consider to be appropriate for the village. Your company is freeto propose anything but there are additional considerations besides making profit from the site.The Council aspires that the new facility will be finished in a highly sustainable way, achievinga Green Star rating of “Excellent”.The property that your client will be buying is a single-story timber-framed building, with acapacity to serve 200 students, set within a quality masonry external envelope with spacesused for teaching, learning, social interaction outside of lesson time, administrative purposes,library, home economics and construction design and technology laboratories. The underlyingground conditions are excellent. Existing buildings contains asbestos. The council would preferthat they be renovated/refurbished rather than demolished but would not oppose any plan todemolish and rebuild as long as all the conditions in this brief are met. The property hasadditional land that may be developed as a second building. The total land area is about 2.67acres (10,805 m2).The initial budget for the project has been informally assessed as being in the region of $40million. The proposed project is expected to take 20-24 months to construct on site and mustbe completed in 2.5 years following acceptance of the investor’s tender. Given the investor’slimited in-house expertise it is clear that a complete design and construction team will need tobe assembled. The client is looking to your firm to recommend a procurement strategy that isappropriate for delivering the project.• You can make any assumptions that you wish, provided that the assumptions arereasonable and are clearly written down as part of your feasibility assessment.Questions:1. Outline step-by-step for the feasibility assessments of this project including what typesof assessments you would use and why. (20 marks)2. Discuss what types of input information will be needed to produce the required outputsto meet the clients’, villagers’ and City Council requirements. (20 marks)
Question
A group of investors (the client) approached your construction project managementconsultancy requesting that you lead the group in preparing a feasibility study to redevelop aan existing school in an emerging area in Auckland. Your company will lead them into buyingthe property from Auckland City Council, design, build, finance and own the new facility.The City Council has specified that the purchaser is free to propose anything that fits with theexisting village community. The highly discerning villagers do not want any development thatis likely to generate too much traffic and attract many visitors. The villagers will be out tooppose whatever they do not consider to be appropriate for the village. Your company is freeto propose anything but there are additional considerations besides making profit from the site.The Council aspires that the new facility will be finished in a highly sustainable way, achievinga Green Star rating of “Excellent”.The property that your client will be buying is a single-story timber-framed building, with acapacity to serve 200 students, set within a quality masonry external envelope with spacesused for teaching, learning, social interaction outside of lesson time, administrative purposes,library, home economics and construction design and technology laboratories. The underlyingground conditions are excellent. Existing buildings contains asbestos. The council would preferthat they be renovated/refurbished rather than demolished but would not oppose any plan todemolish and rebuild as long as all the conditions in this brief are met. The property hasadditional land that may be developed as a second building. The total land area is about 2.67acres (10,805 m2).The initial budget for the project has been informally assessed as being in the region of $40million. The proposed project is expected to take 20-24 months to construct on site and mustbe completed in 2.5 years following acceptance of the investor’s tender. Given the investor’slimited in-house expertise it is clear that a complete design and construction team will need tobe assembled. The client is looking to your firm to recommend a procurement strategy that isappropriate for delivering the project.• You can make any assumptions that you wish, provided that the assumptions arereasonable and are clearly written down as part of your feasibility assessment.Questions:1. Outline step-by-step for the feasibility assessments of this project including what typesof assessments you would use and why. (20 marks)2. Discuss what types of input information will be needed to produce the required outputsto meet the clients’, villagers’ and City Council requirements. (20 marks)
Solution
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Feasibility Assessment Steps:
a. Market Feasibility: This involves analyzing the local market trends, demand and supply of similar facilities, and the potential competition. This is important to understand the viability of the project in the current market scenario.
b. Technical Feasibility: This involves assessing the technical aspects of the project such as the condition of the existing building, the presence of asbestos, the quality of the underlying ground conditions, and the potential for renovation or new construction. This is crucial to determine the practicality of the project.
c. Financial Feasibility: This involves analyzing the estimated budget of $40 million, potential sources of funding, expected return on investment, and the financial risks involved. This is necessary to ensure the project is financially viable.
d. Legal Feasibility: This involves reviewing the legal requirements and restrictions imposed by the Auckland City Council and the concerns of the villagers. This is important to ensure the project complies with all legal requirements and community expectations.
e. Environmental Feasibility: This involves assessing the environmental impact of the project, particularly in relation to the Council's aspiration for a Green Star rating of "Excellent". This is crucial to ensure the project is environmentally sustainable.
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Input Information Required:
a. Market Data: Information about the local market trends, demand and supply of similar facilities, and potential competition.
b. Technical Data: Detailed information about the existing building, the presence of asbestos, the quality of the underlying ground conditions, and the potential for renovation or new construction.
c. Financial Data: Detailed budget estimates, potential sources of funding, expected return on investment, and financial risk assessments.
d. Legal Data: Information about the legal requirements and restrictions imposed by the Auckland City Council and the concerns of the villagers.
e. Environmental Data: Information about the environmental impact of the project, particularly in relation to achieving a Green Star rating of "Excellent".
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