Economic Feasibility Study Project for a New Leisure and Community Centre

Economic Feasibility
Study Project

Table of Contents
INTRODUCTION...........................................................................................................................1
Stage 1: Develop project proposal or scope.....................................................................................1
Stage 1: Requirements............................................................................................................1
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................4

INTRODUCTION
The construction economics is branch associated with the general economics and
consists of the application of the technique and exercises in the field of economics to effectively
study the feasibility level of construction firm (Himri & et. al., 2020). The current project is
based on development and feasibility analysis for a new leisure and community centre. An initial
discussion about the project budget, potential income and estimate expenditure has been
provided in this project proposal report.
Stage 1: Develop project proposal or scope
The current project proposal is based on carry out and analysing the feasibility level of the
development of a new Leisure and community centre. The current project comprises of the
Client own the land (approx. 120 m long by 90m width (108,000 Sq. meters)) provided in with
an approved budget of $18 million only for the Centre.
Thus, based on the above budget and description, it has been decided that the development
of the current new Leisure and community centre would comprises of a large sports hall, squash
courts, cafeteria, licensed bar, fitness suite, aerobics studios, outdoor grass and/or artificial
pitches for football and hockey. The current idea of making of leisure and community centre is
seemed to be feasible and justifiable as a new leisure and community centre would supports an
improvement in the balance and strength of community through supporting healthy games and
yoga for peace of mind. Further, the development of the new leisure and community centre
would also develop string and more positive relation between the members of community and
also build stronger bonds and sharp mind through providing a place where people can enjoy
leisure time while paying games and interacting with other people.
Stage 1: Requirements
The key requirements and main heading of proposal comprises of estimation of budget
along with possible income and expenditure to effectively analysis and evaluate the feasibility
level of a project. The main requirements of the current new leisure and community centre has
been provided as below:
Project Budget
A project budget is basically a written document that provides a total sum total of the
money that is being allocated for a particular purpose and activity or specific task of a project for
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