Technical Due Diligences (Technical audits of buildings)
Technical Due Diligences (TDD) are typically carried out when Client intends using the existing buildings or complexes for future projects. We are able to provide a detail Technical Due Diligence of these buildings. TDD particularly consists of a review of the actual buildings technical state including a cost estimation of identified defects and designs of their removal.
- As part of TDD services we offer site review, assessment of its current condition from the various points of view such as architectonical, constructional, static, MEP, fire safety and external façade checking. All of these are being reported including a photo documentation.
- All identified defects are being assessed as per their seriousness and are being added with a qualified investment costs estimation for their removal.
- TDD can also cover a building review from legal point of view (building conformity with valid construction standards). This is being provided by creating a summary and analyse of the most important issued permits including identification of possible neglects or related risks.
- Our services may also include assessment of environmental risks. This is being provided by commenting the project in terms of possible site contamination risks and environmental impacts assessed on the basis of available documentation.
- TDD my also include analyse of Energy Performance Certificate and issue of this certificate according to §6 Act No. 406/ 2000 Coll. in amended regulations and Public notice No. 148/2007 Coll.
- As part of our services we may also carry out preliminary assessment if the building is environmental friendly and a possibility of obtaining one of the international green buildings certificates BREEAM or LEED. If requested our specialists may deliver BREEAM or LEED certificates.
- Technical audit can further control actual measurements of lease or other areas and revise related contracts and guarantees.
- Technical audit / feasibility study can be also conducted during the Project preparation phase based on the evaluation of Project documentation and other available documents.
EC Harris provide Project monitoring services when client intends financing a project by means of a bank credit. Basically, Bank monitoring is an independent part of the project. Bank monitoring monitors and checks fulfilling of the conditions that were defined within the provided bank credit in order to ensure project financing and its realisation.
Generally said, main areas watched within the Bank monitoring services include construction work process in connection with requested invoicing and contractual programme of works on the project, quality of performed construction works, evaluation of basic law aspects and full information service to the bank about all possible changes and project risks.
The exact scope of services is usually defined in the Credit Contract between Client and Financing Bank. A standard scope of common and fundamental services is described further.
- The report describes and analyses the initial state of a project; it includes especially:
- Commentary and basic analyse of design documentation, mainly in relation to origination of possible risks during the development or after the completion including suggestions for elimination of such risks
- Brief technical description of the project
- Analysis of contractual background of the project (Contract for works, warranties, etc.)
- Analysis of legal background of the project (Permits, Authorities opinions, etc.)
- Warranties and insurances analysis
- Detail analyse and evaluation of project cost plan including cost resume and cost comparison with similar projects
- Organizational assurance of the project – project structure analyse, team leader, responsibilities distribution etc.
- Plan for quality control analysis, sampling, technical supervision methods etc.
- Programme of works control, analysis of projects feasibility within the technical documentation
- Works process analysis, compliance with the programme of works, actual percentage of performed work
- Checking of bill of quantities, comparison with design documentation
- Checking and approval of performed works including billing for performed works and other costs on the project
- The report describes project progress in the particular month; it includes especially:
- Possible risks description (e.g. contractual cost excess, works delay etc.) and their cost impacts
- Description of actual progress of works, compliance with programme of works
- Confirmation of performed works, i.e. legitimacy of financial means supply
- Quality control of performed works and materials including their compliance with valid design documentation, building permits and other legal regulations.
- Site and all buildings on the site checking, assessment of their compliance with valid legal regulations and standards
- Checking compliance with Health and Safety regulations
- Identification of any variations or changes in contractual cost plan, cash-flow, programme of works and their possible impacts
- Overview of invoicing and their approval in relation to real performed works, separate analysis of “hard” and “soft” costs, risks warning of exceeding approved costs
- Analyses of additional costs and time impacts of all amendments in the Contract for works.
- The report recapitulates the project history and development; it includes especially:
- Project recapitulation – if implemented within contractual cost plan, in set dates and in accordance with programme of works and approved cash-flow
- Current description of the finished building, its condition, commissioning conditions (including information about tenants)
- Analysis of completeness and correctness of all necessary certificates and approvals of the finished project
- Checking of issuing all approvals and use permits necessary for commissioning the finished project
- Checking of all financial commitments and their fulfilment to general contractor or direct, nominated sub-contractors
- Confirmation of total real performed works and authorisation to drawdown the final amount within the particular project
- Review of completeness and correctness of as built drawing documentation including documentation part, such as handbooks, service contracts, operating instructions, operating rules, etc.
- Review of handing over protocols, comments to mentioned conditions
- Review of Snags and defects list, checking of their removal.