Feasibility Study Phase
For expansion of an existing site, establish the capacity of undeveloped portions
of the property within the existing zoning codes and the infrastructure's capacity.
External stakeholders play
Consider the potential to acquire additional adjacent land.
critical roles on the
Examine Capital Costs:
Feasibility Study team.
Prepare cost estimates to provide a basis for review and approval by GSA officials.
GSA invited city and
Benchmark or parametric-level cost analyzes (using gross-square-foot costs) may
Imperial County officials,
be used as follows:
Caltrans, Cal/EPA, and their
Mexican counterparts to
GSA's General Construction Cost Review Guide (GCCRG) provides data
study upgrades for the
border facilities at Calexico.
and calculation procedures to establish Feasibility Study phase cost estimates.
The stakeholders shared
Identify unique project/site conditions and related costs. For courthouse
land use and infrastructure
and border station construction, there are project-specific construction bench-
plans, aerial photos, and key
marks and models to develop construction costs.
data and helped shape and
review alternatives. As a
result, the viable alternative
Where alteration estimates are not appropriate, the Feasibility Study should
was identified, two south-
cite cost-per-square-foot estimates (UNIFORMAT II, Level 3) or other reliable
bound lanes were created
estimates based on prior studies (e.g., BERs, seismic, hazardous material studies).
to eliminate a 2-mile backup
that had paralyzed
These projects may require market rent appraisals and lease scoring analysis for
Calexico's main street, and
strong support of local
swing space leases and lease alternatives.
officials was gained.
Capital Cost Breakdown for Costs Amortized in Rent
In this project, the external
Shell, TI, and security costs (as defined in the GSA Pricing Desk Guide) must
be separated to allow for rent structuring of project alternatives. To determine
resources and longer
the TI allowance, the Feasibility Study team can use the agency's general and
budget cycles enhanced
customization allowance or benchmarks (if available), or obtain a cost estimate
their value as Feasibility
for functional space. Estimates are also required for joint-use space to complete
Study team members.
the project's budget. Non-market comparables (costs such as security and
raised floors that are amortized in the rent) should be denoted separately from
Evaluate Life-Cycle Cost:
Evaluate each alternative based on its total life-cycle costs, including the
comparative costs associated with the original construction/alteration, ownership,
maintenance, and disposal. An alternative is the most cost-effective if it has the
lowest life-cycle costs, expressed in net present value terms.