Know what the work is before you price it.
A feasibility study is a defined first step, taken before the RFP. Your board sees the options, what each one costs at your building’s quantities, and decides where the money is worth spending.
What you receive
Four things, delivered as one document your board can work from.
A site walkthrough. We assess the building and measure the corridors floor by floor. Most preliminary numbers are built by walking one floor and multiplying, which works only if your floors are identical, and in a prewar building they rarely are.
A quantity takeoff. Verified quantities for every component: flooring, wall covering, lighting, doors and hardware, ceilings.
A line item budget. Each component laid out with its real options and what each costs at your quantities. Not a single number, but the choices behind it.
A presentation to your board. We walk your board through the options in person, so the decisions get made in the room rather than over email.
Why this comes first
A contractor prices one version of the project. A feasibility study prices your options against verified quantities, so your board sets the scope instead of inheriting one built on someone else's assumptions.
That changes what happens next. Contractors bid the same defined work, so the numbers compare. If you want proposals from several design firms, they all start from the same place. And when a shareholder asks how the number was arrived at, you can account for every line in it. The feasibility study is the first phase of the design work, not a separate purchase. Boards that continue with us move straight into design from what the study establishes. Boards that don't still own the document and can take it to any firm.
Where boards usually are when they call
You do not need a finished vision, and you do not need to know what the work costs.
What most boards do know is what they are prepared to assess their shareholders, and what the reserve or a financing package could carry. That is enough to build a scope around.
If your corridors are ten to twelve years past their last renovation, or the lobby has been done and the hallways now look older than they did before, this is the right moment for it.
Start with a walkthrough
KAID Design works with co-op and condo boards on corridor, lobby, and amenity renovations across New York.