NVI Technical College Information

Technical Feasibility

Technical Feasibility

that no other individual or firm with the expertise necessary to make

Suitability of the selected site for the intended use including an

such a determination is reasonably available to perform the

environmental impact analysis. Report must be based upon

function. Commercial Replication. Risks Related: Construction,

verifiable data and contain sufficient information and analysis so

Production Regulation and Governmental Action.

that a determination may be made on the technical feasibility of

achieving the levels of income or production that are projected in

As presented in the Economic Feasibility section of this feasibility

the financial statements. Report must also identify any constraints or

study, the size and shape of the parcels are appropriate for the

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limitations in these financial projections and any other facility or

planned subject project educational facility – as evidenced by the

design-related factors which might affect the success of the

existing facility and site plan provided and existing improvements.

enterprise.

The subject project is in an unzoned zoned area, yet historically has

Report must also identify and estimate project operation and

operated as a vocational facility, thereby making it legally

development costs and specify the level of accuracy of these

permissible, also as evidenced by the current operations. There is

estimates and the assumptions on which these estimates have been

land for future development, and no constraint concerning land

based. Project engineer or architect may be considered an

availability for the expansion plans. The subject project site is also

independent party provided neither the principals of the firm nor

served by utilities and access sufficient for its continuance plans.

any individual of the firm who participates in the technical feasibility

Overall, the subject project site is suitable and there are no known

report has a financial interest in the project and provided further

adverse environmental conditions,

Source: USDA, Wert-Berater Feasibility Studies, LLC and the Management of the Company

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