Preliminary Economic Studies
Our company understand very well the needs of our clients aiming at completing a preliminary economic assessment of their projects. This is often the first step of the development cycle of a project. We believe that it is important for a client to obtain a solid and credible report at this stage to facilitate the decision making process.
Other companies may consider the preliminary economic assessment report as a document that can be produced without much effort. It is important to understand that, even if the engineering level for a PEA is slow, the report delivered at this stage should be detailed enough to identify all risks relevant to the project. A preliminary economic assessment must be risk-driven. Risks should be identified, and whenever possible, they should be mitigated.
We also believe that it is worth investing some effort in preparing a solid costs estimate during the preliminary economic assessment. It is in the best interests of the client to have clear document providing details on the costs of the project. It has the benefits of being transparent, but it also provide a solid foundation to discuss the costs inherent to the project with the client.
It is also important to provide a solid economic analysis of a project at the preliminary economic assessment level. It is useful, according to us, to build a sound economic analysis model at the beginning of the project development cycle. To do so, the economic analysis must be developed with realistic values, as much for the preliminary costs estimate, for the operating expenses, and for the revenues estimate.
Our team has participated on several preliminary economic assessments. Our clients can use our experience acquired to ensure that the studies we work on are not only solid, but we also invest our effort to make sure that they are completed within reasonable costs and on schedule. We can take charge of your studies, including the management of sub-contractors, the management of documents, and the production of the final report.