|Posted by AV GOLF INTERNATIONAL on September 2, 2013 at 6:45 AM|
Before the initiation of a golf project, prior understanding of the potential financial and commercial viability of the proposed facility ensures an opportunity for greater success.
The Feasibility Study, Analysis & Report have become a critical component in developing a new golf facility, helping the client to better assess the proposed product offering and to identify potential opportunities, hurdles and rewards in the development process. Basically, a credible and impartial feasibility study is essential when attempting to secure financing and/or attract potential partners; moreover, it helps in giving developers a better insight into what they are getting into and what they can get out of it.
Feasibility reports are preliminary plans of action that usually address a number of primary points which are of utmost importance to the developer prior to the initiation of a project. These points and their elaborate explanations allow easy decision making and avoid unnecessary delays in the way to go about the golf project. Some of the crucial points that are taken into consideration while compiling a feasibility report are as follows:
While the study parameters will be slightly different for each type of golf facility, the key elements addressed in a feasibility study include the following:
Contents of a Feasibility Report:
The specifics of a feasibility report should cover each and every aspect of the proposed project. Basically, as it has been reiterated many times before, the feasibility report helps the developer in the decision making process, therefore the content should outline every aspect whether positive or negative giving a clear view of what the developer is proposing to do.
Generally speaking, a Golf Feasibility Report is drafted on the following lines:
Categories: DESIGN & DEVELOPMENT