Technical Due Diligence assists the seller or buyer in Identfying the opportunities and limitations of an investment. It provides a basis of decision making in real estate transaction. And helps in determining price and establishing requirements for regulating the purchase contract.
Analyzing and evaluating a site to understand the suitability for a project. This also helps the project team make informed decisions and use the information to the best of their benefit and make the project a roaring success.
The first step includes conducting surveys that include but are not limited to topographical surveys, existing building surveys, historic use reports, contamination surveys, air quality surveys, archaeological surveys, local climate, and ecology survey
Before of the actual designing comes analysis of the site services such as position of the
i. Fire hydrants
ii. Electrical infrastructure
iii. Gas network
iv. Sewage
v. Stormwater drains
vi. Existing water supply infrastructure
The final step would involve planning to help facilitate the design. This would include
i. Impact reports
ii. Sustainability statements
iii. Traffic assessment
iv. Flood risk assessment
v. Noise pollution analysis
The applicability of each step and assessment depends on the type of project and the stage at which the project is being assessed.
The RICS guide describes it as “the systematic review, analysis, discovery and gathering of information about the physical characteristics of a property.
Types of TDD
i. While acquiring property
ii. While leasing property
iii. Sale of property
iv. Refurbishment or redevelopment
Key aspects covered but not limited to
i. Compliance with latest Codes and Standards
ii. Detailed review of Electro Mechanical Systems
iii. Detailed review Plumbing Systems
iv. Detailed review of fire protection and fighting system
v. Repair & Replacement cost details
