Techno Economic Viability (TEV) study of a project encompasses the evaluation of a project as per a systematic procedure for weaving the technical and financial information about the project, with relevant data about its technological and economic environment, into one or a few criteria on the basis of which the project is recommended for selection, modification or rejection.
A techno economic feasibility study/report (TEFS/TEFR) aims to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats present in the environment, the resources required to carry through, and ultimately the prospects for success.
Bicon Consultants – we help companies assess their projects and choose a new direction which utilizes the resources most productively. We are empaneled consultants with some of the leading and largest banks like State Bank of India (SBI) for conducting TEV studies.
project advisory approach
You can transform your business to a revenue-producing asset that lets you work as much or as little as you want.
business planning & strategy
A TEV study is generally required by Banks, ARCs and some other institution for the following purposes.
- Appraisal of project loans
- Project financing involving term loans
- Revitalising Distress Assets
- Hone sharp leadership skills to manage your team
- Cut expenses without sacrificing quality
- Automate your business, so you can leave for days,
research beyond the business plan
The technical feasibility of a project consists of an assessment of various requirements for its implementation, production technology, optimum utilization of installed capacity, availability of utilities and inputs, quality of products etc.
The Economic Viability is to be examined with reference to market demand – supply scenario vis-à-vis the project’s production capacity, market price of the product vis-à-vis unit cost of production, etc.
The Financial Feasibility of a project is to be examined with reference to the projected profitability, cash flow, Internal Rate of Return (IRR), Debt Service Coverage Ratio (DSCR), Sensitivity to adverse scenario etc.
The Managerial Competence is examined with reference to (i) business acumen and experience of the promoters, (ii) professional management team with defined work domain for implementation of the project, production, marketing, finance etc. (iii) competence of the promoters / management to mitigate implementation risk, funding risk, input risk, market risk, technology risk, regulatory risk etc.
A strong business plan requires going beyond intuition and experience, and supporting your idea with fact-based market research. Investors need to have confidence in your understanding of the market, so don’t let yourself down by skimping on research. We have access to fee-based, subscriber-only resources such as:
- Bloomberg – Company and Industry Research
- CMIE – Article and News research
- Capitaline – Company and Industry Research
- Crisil Research – Company and Industry Research
- EBSCO – Industry Research
- Factiva – Company, Industry, Market Research
- Venture Intelligence – Industry Research
- Wall Street Journal – market analysis report