The Technical Due Diligence (TDD) Report is a technical document, which unveils all the potential risk when purchasing a property. It is also widely known as an Acquisition Report. The Due Diligence Report represents a meticulously made record of existing features of a property, emphasising both its highlights and drawbacks; its current condition, and a summary of potential maintenance work over the course of the life of the property, or at a specific time.
In practice the Acquisition Report is a compilation of thoroughly gathered information, analysis, analytical reports on the physical aspects of the property, land or both.
No matter if you’re trying to sell or buy a property, having a Due Diligence Report is a very practical asset. It is a vital project risk management tool, as it helps assess all risks associated with making a major financial decision.
As we mentioned above, the TDD report will detail all the positive and negative aspects of a property, as well as possible risks, both to you and potential investors. It is required for evaluating accuracy, commercial integrity, financial stability, and functional competence integrity. It provides the clarity of the risks that are associated with ownership and occupancy of property assets from a technical perspective.
The TDD report is primarily prepared in case of one of these scenarios:
TDD reports are made for specific use cases. For each property, the reports need to be custom-made to tackle that exact use case. To make sure that all the risks are detected, cost estimations are made and all the aspects of your future asset are addressed.
Our Technical Due Diligence Service includes: