DCS advisors provide bankable feasibility studies (BFS) and reports to our public and private sector clients across the core sectors that we focus on, including infrastructure, energy & utilities, oil & gas, industrials and real estate. In the case of a large-scale project financing for a new-build or expansionary capital project, a renewal/rehabilitation/retrofitting project or certain acquisition projects which involve financing, our BFS report will be relied upon as one of the key documents that we will use under our capital fundraising advisory and transaction advisory mandates when we enter into discussions and negotiations with prospective project lenders, credit rating agencies and investors. The BFS study will also become a foundation for the aforementioned financing parties when they conduct their due diligence on the project. The typical commercial lender engagement process that we will utilize is described within our commercial debt fundraising advisory page. Preparing a BFS is a multi-dimensional undertaking that requires DCS project management services, as it is the culmination of many different work product elements, including but not limited to:
Ultimately, the BFS will be used in efforts to ensure the greatest amount of interest in the project from potential financiers and to lead to negotiations (or competitive bidding) that will result in an optimal combination of lowest possible cost of capital and the most favorable terms and conditions for our client.
DCS advisors are able to provide a BFS on a stand-alone basis or as an element of the services we offer to public and private sector clients who also have mandated us to provide transaction advisory services and/or capital fundraising services. In most cases, as development of a BFS will be only one element of a larger project delivery program, DCS will also be providing other complementary services in relation to other transaction elements. Our preference is always to provide such comprehensive advisory services and coordinate all elements of the transaction, including BFS workstreams and services on behalf of our clients.
Under any BFS mandate, DCS will draw from our global network of veteran industry expert advisor affiliates and our relationship consultants in order to assemble the most appropriate and effective team to match the specific needs of the transaction at hand. This will always include leadership of DCS affiliate experts who possess decades of global transactional experience related to the specific sector and project type. In any BFS mandate, our preferred role is always to serve as the lead project/program manager. Within this role we are also able to assist in the selection and procurement (or subcontracting) and management of other independent advisors and consultant, including local and international legal, technical, economics, tax, commercial, environmental and other specialized advisors, as the specific transaction may require. To the extent that other third-party advisors are required, there are many value added advantages of allowing DCS to assist in the procurement of these advisors. First, DCS expert affiliates themselves possess many of the required legal, technical, economics, tax, commercial, environmental and other specialized skill sets and we are best positioned to determine which additional outside third-party skill sets are required and which firms or individuals should be hired in these roles. Secondly, preparation of a BFS is a very complex undertaking, requiring the management and coordination of many simultaneous workstreams. DCS advisors are experts inproject and program management services and are ideally suited to manage and coordinate a multi-dimensional advisory team most efficiently and effectively.
Integrated into or otherwise complementing our BFS services, DCS advisors offer the following advisory services that may be applicable, dependent on the specific needs of our client.
DCS experts provide comprehensive BFS services in the following sectors that we specialize in. Please click on the below links to learn more about the sectors that we cover:
DCS experts provide comprehensive BFS services to the following categories of clients: