Learn your risks before you buy!
A Technical Due Diligence Report (or Acquisition Report) is a detailed report of an existing property highlighting its condition, identifying any elemental defects and includes a summary of the likely capital expenditure and maintenance works required at the specific point in time or over the life of the asset.
Whether you are purchasing or selling a property it’s critical to both you and your investors that you understand all the potential risks and liabilities that come with the acquisition. Further more the maxim of ‘caveat emptor’ (let the buyer beware) is still a guiding legal principal in all property transactions. A professional Technical Due Diligence report by Washington Brown will show clarity of the asset, and identify any possible risks and likely costs prior to you or your Client commits to the property transaction.
Technical Due Diligence Services include:
- Clarifying the Client’s brief and required service
- Advice on what building components should be inspected
- Documentation review including all technical and legal documents
- Detailed property inspection
- Co-ordinating sub-consultants
- Liaising with other members of the acquisition team such as lawyers, agents, investment advisers etc
- Preparation of the Technical Due Diligence report in accordance with the RICS Best Practice Guidance notes
- Client after service including any additional questions or concerns or re-inspections to identify any major concerns as required
- Attending Client meetings and post report advice
- Liaising with the Client’s Legal team required
Why Washington Brown?
- We are committed to excellent client service. We will undertake the survey within five working days of Client Instruction and will have the report complete within ten working days.
- Our Building Consultancy Division has extensive experience in Technical Due Diligence on all property types including commercial, retail, industrial and warehouse properties.
- We are members of the Royal Institution of Chartered Surveyors (RICS) and members of the Australian Institute of Quantity Surveyors.
- We follow the RICS Best Practice Guidance notes for the Technical Due Diligence of commercial & industrial Property Australia.
- Established for over 30 years, we have built up an extensive database of knowledge and experience within the construction industry.
How much does a Technical Due Diligence Report Cost?
The cost of preparing a Technical Due Diligence will vary depending on the type of property, location, size, complexity and the extent of the detail required. We will usually be able to provide you with a fee quotation within the same day as the enquiry.
Talk to one of our experienced building consultants now! For an obligation free discussion call 1300 99 06 12 or email us.