Geez, there's some interesting things been said.
I made a dually for my Yr 12 Major work in DT (design and Tech) many many moons ago. I was obsessed with riding at the time and had come up with s concept that was totaly unique and like nothing else on the market at the time. Come to think about it, I haven't seen anything like it ever.
It was a combination of carbon main frame and an Ally swing arm. The carbon frame had a very similar shape to the Old Trek Y frame.
I hated the literature side of things and I was a very last minute sort of person. I spent countless hours on my bedroom floor with a 1:1 scale drawing, with interchangable pieces of paper with different frame and swing arm designs. Finding the best arc of travel and front fork rake etc.
I eventually got the bike made in time, but limited funds restricted me from actually purchasing a rear shock.
There were a quite a few other hold backs with the frame manufacture.
-My extemely limited budget was the biggest factor.
-My extremely limited knowledge in carbon fibre and it's manufacturing process.
-My lack of mould making knowledge.
-Aluminium welding skills.
-Lack of machinery and tools to actually make the required parts.
That's just naming a few.
These problems resulted in the following,
-Budget, stopped me using the correct materials and components.
-I had to lay up the carbon instead of using pre-preg and vacuum moulding.
The bike ended up being quite heavy, but I did get it finished and it looked great.
The key to the major work I think is innovation.
Anyone can make a bike frame given the ability to actually construct the frame. But your real marks come from doing something that hasn't been done before. Or improving something quite considerably.
I believe if you want to get good marks for it, building a frame will be a massive ask. Not because of the construction aspect. Yeah, everyone is outlining the reasons why not to make the frame, and they have very valid points. But the point you need to think about is. Will is my design better than everything else on the market. Doing a HT is even worse. You have to make it rigid and light as hell, yet strong enough to handle massive abuse. Light and strong just don't go together. So, then look at dually's. There is alot more innovation possible due to the rear suspension. More options basicly.
What you want to do is choose a bike frame design. Then stare at the bastard. Look at it's geometry, find a weak point. Find soemthing on it that can be made better. What is a dually's biggest weak point (design wise)? What is it's strongest point (design wise)? Can they be improved? Can you improve it?
There is no point re-inventing the wheel.
DH1's advise is very good.
You will have to put the hours in.
Another guy in my class made a surfboard with a flexable tail section. The idea was to give better thrust out of turns or something. He did really well because of his innovation.
What ever you choose to do, best of luck with it. Make sure you put some pics up.