The Feasibility Study Clause Samples
The Feasibility Study clause establishes the requirement for conducting an assessment to determine whether a proposed project or action is practical and achievable. Typically, this clause outlines the scope, methodology, and timeline for the study, and may specify which party is responsible for preparing and delivering the report. By mandating a structured evaluation before proceeding, the clause helps parties identify potential risks, costs, and benefits, thereby supporting informed decision-making and reducing the likelihood of unforeseen obstacles during project execution.
The Feasibility Study. The Feasibility Study is intended to ensure that the Company’s system is sufficiently equipped to incorporate proposed DER in a manner that conforms with good utility practices and the National Electric Safety Code. The Feasibility Study Agreement states that no deposit is required because the application fee covers the deposit.
