Technical Due Diligence of Commercial Properties PDF
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This document provides an overview of technical due diligence procedures for commercial properties. It covers the prior learning, the inspection, the post-inspection process, and different aspects of the survey itself, such as report formats and considerations for clients, survey preparation, and the inspection process. It also presents general guidance, including the different types of properties and the different steps involved in a technical due diligence survey, while discussing the importance of understanding the client's needs and ensuring a thorough assessment.
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Technical Due Diligence Commercial Properties Prior Learning (BS1) – Applicable Taking instruction Pre-inspection Property research Surveying equipment Health & safety Thorough (Elemental...
Technical Due Diligence Commercial Properties Prior Learning (BS1) – Applicable Taking instruction Pre-inspection Property research Surveying equipment Health & safety Thorough (Elemental + other) Holistic Inspection Note taking/record Time Specialist analysis General procedure Reflective thought Report – recommended format and layout Post The part which client sees and relies upon inspection Should be understood by lay person Though some technical language required Technical Due Diligence Survey Commercial property. Principally to advise on past, present and future risks associated with asset. Potentially huge amount of information. Highly bespoke document. Mix of skills – administration/checking, scientific, technical, legal, observational and reporting. SCSI / RICS guides. Several books on surveying buildings – residential focus? Consider book like: “Technical Due Diligence and Building Surveying for Commercial Property” by Adrian Tagg Technical Due Diligence Survey Acquisition Process Commercial due diligence. Legal due diligence. Technical due diligence. Environmental due diligence. Technical Due Diligence Survey Instruction Process Clear brief. Reporting Process Sometimes phased. Red flags. Executive summary / draft schedule. Final report. Technical Due Diligence Survey Final Report – Key Content Contract instruction/overview Executive summary. Potentially includes costings (categorised). Elemental breakdown. M&E. Legal/technical. Further investigations. SCSI Guide TDD Survey Introduction Commercial, industrial and large residential apartment buildings. General guidance - survey each property on its own merit. Not instruction manual – more ‘general principles’. Surveyor competence – knowledge and skill required. Benefits? So can be quite a powerful tool if implemented correctly. SCSI Guide TDD Survey Taking Instruction Clients may be unfamiliar with service offered. Ask questions. Key items (p. 10). Advise on practical limitations. Perceived priorities. Liability relating to sub-consultants. Vendor surveys - collating all due diligence documentation. Vendor surveys - contractual links. Client’s intentions (Life cycle chart). Proposed use. Tenure information. SCSI Guide TDD Survey Taking Instruction Report format. Co-ordination. Timing. The premises: ◼ Location ◼ Size ◼ Access ◼ Occupation ◼ Documentation/Information (p.14) SCSI Guide TDD Survey Taking Instruction Confirming the instruction. In writing: ◼ The brief (client requirements) ◼ Scope of services ◼ Terms and conditions (including limitations) ◼ Appointment agreement (formal acceptance) Disputes – lack of understanding. SCSI Guide TDD Survey Preparing for the Survey Administration - Who/When/Where? Occupiers & information. (p.19 list) Equipment - limited? (p.20) Health & Safety - risk assessment, the premises, activities, surveyor (p.21) SCSI Guide TDD Survey The Inspection General principles: ◼ Establish priorities. ◼ Methodical approach *. ◼ Inspect as much as is possible. ◼ Identify non-inspected areas. ◼ Repetitive items. ◼ Inter-relationship of components. SCSI Guide TDD Survey The Inspection Note taking & Reflective Thought: ◼ Permanent record. ◼ Site notes. ◼ Sketches. ◼ Photographs. ◼ Dictaphones. ◼ Reflective thought - preparation/inspection/analysis/reporting SCSI Guide TDD Survey The Inspection Main building elements. Building services. External areas. Health & safety Fire precautions. Accessibility. Environmental. Deleterious materials. Sustainability. Cultural heritage. Legal matters. SCSI Guide TDD Survey Reporting See Sample.
