What is a Feasibility Cost Estimate?

A Feasibility Cost Estimate provides an early snapshot of a project’s likely costs before detailed design begins. Prepared during the concept or feasibility stage, it helps stakeholders determine whether a project is financially and practically viable. Rather than focusing on precision, it offers a high-level overview that considers construction costs, consultant fees, approvals, contingencies, and potential escalation. This early estimate supports informed decision-making, allowing clients to compare design options, plan budgets, and assess funding needs before committing to the next stage of development.