Jurnal Teknik Sipil
Vol 24, No 2 (2024): Vol 24, No 2 (2024): JURNAL TEKNIK SIPIL EDISI MEI 2024

FINANCIAL FEASIBILITY ANALYSIS OF THE PONTIANAK STATE CATHOLIC RELIGIOUS COLLEGE (STAKATN) SANTA MARIA LECTURE BUILDING PROJECT

Lestari, Nina Septia (Unknown)
Lusiana, Lusiana (Unknown)
Rafie, Rafie (Unknown)



Article Info

Publish Date
24 Aug 2024

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.  

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Journal Info

Abbrev

jtsuntan

Publisher

Subject

Civil Engineering, Building, Construction & Architecture

Description

Jurnal Teknik Sipil Universitas Tanjungpura merupakan publikasi ilmiah berkala yang diperuntukkan bagi peneliti yang hendak mempublikasikan hasil penelitiannya dalam bentuk studi literatur, peneltian, dan pengembangan teknologi sebagai bentuk penerapan metode, algoritma, maupun kerangka kerja. ...