If the conversion requires an EIA, to ensure positive results and the completion of the development changes to the materials sourced may be required. The use of locally sourced renewable, energy efficient natural components, that will have less of an effect on the surrounding environment such as the use of timber …show more content…
This may mean contractors and materials may have to be adapted.
Although cost can be planned and estimated, unforeseen changes can occur during the project causing significant changes to the cost plan, and as a result a change to the project may occur. Through successful cost-planning the standard of materials can be determined; (whether they are to require large or little amount of maintenance).
The feasibility of a project is ultimately determined by the cost of the works and the finance available and whether the budget available will cover the works needed. As the client ultimately provides the project with funds, the budget which is created must be adhered. It must be determined as to how finance for the project is to be raised, as shown on the budget funding model, funding can be classified as loans, grants and self-funding. Each source of finance brings advantages and disadvantages especially when specifying the selection of