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Economics

Assume nothing, question everything. All projects start with an economic impact assessment; developers and investors need to know that the figures stack up. Whether you are in the private or public sector, comprehensive cost-benefit analysis is essential when appraising or prioritising project proposals, bidding for funding or allocating funds.

Our specialists – in economics, economic development and research, urban regeneration and planning – provide clear, robust and relevant analysis to demonstrate the business case and assist decision making. They assume nothing and question everything. It’s an approach backed by extensive expertise across a range of sectors, from aviation and the built environment to international development and water, and our unique transparent economic assessment model (TEAM).

TEAM offers a different perspective compared with traditional cost-benefit analyses, which focus on the macro or national level impacts and fail to highlight the local benefits. By contrast, TEAM starts with a micro assessment, highlighting job creation, access to housing, education and healthcare, and gross value added to the local economy.

Increasingly, the social and environmental impacts of projects are under the microscope. TEAM assists decision-makers in understanding the effects over the lifecycle of a project on individuals, communities and societies as well as end users and the environment. Our comprehensive analysis ensures projects are inclusive, do not damage the environment and are commercially resilient. When it comes to cost certainty, our estimating and cost consultants provide accurate predictions of the capital cost of investment programmes and projects.

Sector experts perform assessments, analyses and studies, so you can be confident nothing will be overlooked. Examples from our aviation and energy teams demonstrate the range of capabilities. In aviation, we understand how airports and airline businesses interact and operate in regulated markets to provide robust financial analysis, demand forecasts, revenue models and business case insights. Similarly, our energy teams are adept at market analysis and forecasts, assessing economic costs and benefits, scenario planning, risk evaluation, and modelling costs and tariffs.

We work in both developed and developing countries. Health, education and social development issues are the main focus of our international development specialists. They understand the realities on the ground and the links between poor nutrition and disease, gender inequality and poverty, and education and economic growth. Programmes and projects delivered across Africa and Asia have benefited from our expertise.

As a multidisciplinary consultancy, our economic analysts have access to leading-edge technical knowledge and skills to help you develop the best solutions tailored to your local needs.

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