Specifications include, but are not limited to: Provide a comprehensive feasibility study to effectively evaluate the Holtan Hills development concept. Scope of Work to encompass the universal components that must be included in a real estate feasibility study report: Appraising project economic viability: A project is considered economically viable when the economic benefits of the project exceed its economic costs, when analyzed for society as a whole. The economic costs of the project are not the same as its financial costs-externalities and environmental impacts should be considered. Externalities (positive or negative) are economic impacts that affect persons who are not necessarily part of the project scope. The economic benefits are a measure of the value the project will deliver to society as a whole. The revenue a project will generate is usually a lower-bound estimate of its economic benefits; however, benefits can be much higher than revenues. Feasibility study to include consideration of the below factors: • Location of the property • Demographic influences like socio-political-economic conditions • Legal and economic considerations • Weather and environmental conditions impacting the development • Resource’s availability • Internal and external influences • Technical requirements • Competition in the market • Organizational capacity needed to kickstart the project
