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Nina Septia Lestari
University of Tanjungpura

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FINANCIAL FEASIBILITY ANALYSIS OF THE PONTIANAK STATE CATHOLIC RELIGIOUS COLLEGE (STAKATN) SANTA MARIA LECTURE BUILDING PROJECT Nina Septia Lestari; Lusiana Lusiana; Rafie Rafie
Jurnal Teknik Sipil Vol 24, No 2 (2024): Vol 24, No 2 (2024): JURNAL TEKNIK SIPIL EDISI MEI 2024
Publisher : Fakultas Teknik Universitas Tanjungpura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26418/jts.v24i2.78720

Abstract

In the era of globalization and rapid advancement in higher education, Indonesian institutions face challenges in providing adequate facilities to support learning. The State Catholic College of Pontianak (STAKATN) Santa Maria aims to address this by constructing a new lecture building. This study conducts a financial feasibility analysis of the project using Net Present Value (NPV), Benefit-Cost Ratio (BCR), Internal Rate of Return (IRR), Payback Period (PP), and Sensitivity Analysis. The analysis, based on a 25-year planning period, shows a positive NPV of IDR 12,949,362,911.15, an IRR of 9.36% (exceeding the discount rate of 5.1%), and a BCR of 1.231, indicating that the project's benefits exceed its costs. The Simple Payback Period is ten years, while the Discounted Payback Period is 14. Sensitivity analysis reveals that the project’s viability is at risk with significant decreases in benefits or cost increases. The project is financially viable, but careful management of risks and costs is essential for successful implementation.