Technical and Engineering Due Diligence
Introduction
These services are provided for large operational properties / assets for all aspects of building, engineering, and services for proposed investment projects.
Scope of Services of Technical and Engineering Due Diligence
. Create a list and details for all statutory approvals needed for the project.
• Review and validation of approval status by verifying obtained approvals and estimating time for remaining approvals
• Remarks on approval status and the acceptability of remaining approvals
• Risk Assessment for Approval
- Visual inspection of the building, architectural and planning aspects of the building’s condition
- Structures are compared to approved building plans, and any deviations from the approved plan are noted (OC Or BCC plans)
- Provides utilisation of FSI, potential, and balance FSI, as well as checking TDR entitlement and loading of the same, Zoning regulation, compliance, and any other findings.
- Examine the building for handicapped accessibility.
- Code compliance and review of fire escape and fire compartmentation.
- HVAC: Examine the entire HVAC system for functionality, adequacy, and excess capacity. Assess the functionality and current code requirements for upgrading.
- Plumbing: Inspect the plumbing system for functionality, adequacy / surplus capacity, any leaks, pipe and tank corrosion, and so on. Assess the functionality and current code requirements for upgrading.
- Inspect the fire protection and fighting system for functionality and compliance with fire and safety codes. Provide a cost comparison between current regulations and what may be required to meet newer regulations. Examine the safety and suitability of CO2 and other gaseous suppression systems, such as the Main Electrical Switch Room, among others.
- Electrical System: Check the condition of the electrical system (feeders / substation, RMU, transformers, DG, at type of panels, UPS, earthing, lightning arrester, etc.).
- Provide a thorough description of the Civil Engineering system.
- Building inspection, C&S system condition, building code compliance, and that all seismic requirements were met when the building was built.
- Identify all building defects, areas of non-compliance with code / regulation, and good practises, estimate the cost of repair, and summarise in a separate section.
- Recommends that tests be performed if necessary.
- Waterproofing: Inspect all roofs for waterproofing condition. Provide advice on quality and any necessary repairs.
- Inspect the curtain wall and external facade and advise on the condition of the curtain wall system and external facade, as well as the absence of leaks and water seepage into the building.
- The condition and serviceability of the gasket or sealing system, sealant bonding, and whether or not the sealant was properly applied.
- The condition of the facade windows’ rivets, safety catch, roller, and rubber gasket that holds the glass pane, as well as any corrosion of its components.
- Estimate the costs and proposed method for replacing the glazing.
- Confirm the previous use of the land and surrounding area using historical registers on the site.
- Provide an opinion if the land is likely to be contaminated with substances that may have an impact on the health of the building’s occupants.
- If there was contamination, determine whether the contaminants were cleaned up and the standard to which the cleaning was performed.
- Inspect the building for any hazardous materials stored and provide cost estimates for removal.
- Identify and comment on noise, flooding, and other disturbances affecting the building.
- Look into whether or not asbestos is present.
- Check the tenants’ trades and advise if they comply with the building’s allowable usage.
Identify all building Civil, Structural, M&E, and Facade system defects, areas of non-compliance with code / regulation, and good practises, and estimate and summarise the cost in a CAPEX section for repair and implementation of these items, cost for system upgrade with new technology, and cost for system upgrade to comply with current codes and practises if required.
- Tenant Interviews: Interview selected tenants about the quality and dependability of building services such as air conditioning, heating, and electrical power supply. The interview will provide an additional source of information for the building’s physical evaluation.