TECHNICAL DUE DILIGENCE
TDD
TECHNICAL DUE DILIGENCE
Are you planning to purchase or construct industry, warehouse or other type of space? If that’s the case, are you getting value for your money?
TDD
Technical Due Diligence of Buildings
Let’s say you’re looking to buy 60,000 square feet of office space in Delhi for Rs. 40 crore. Your facility manager claims that the space can accommodate 750 people. Is there enough electrical power provided by the developer to support all of those people? Is the building’s air conditioning and fresh air capacity adequate? Are there enough lifts, fire exits, and toilet facilities? Are the firefighting systems designed and built properly? Is the structure up to building codes and standards? While India has a solid and sensible set of construction rules, compliance is patchy at best, due to a lack of both knowledge and will on the part of developers and contractors. Developers frequently cut corners on these components in order to save money, and clients are typically unaware of this until after they have purchased and occupied the building.
The solution is to conduct a technical due diligence on your building. It’s possible to do it before or throughout the buying procedure. This is the process of thoroughly inspecting a structure to ensure that it is safe, efficient, and satisfies your criteria. The structure must also meet the standards of national construction codes as well as local government laws.
We have developed a rigorous system for completing due diligence on buildings at Shilpkaar Architects that includes all of the critical features of your project, including:
- Difficulties with statutory authorization and code compliance
- MEP (mechanical, electrical, and plumbing) design and construction
- Architectural design and construction
- Possible hazards on and near the site, such as flooding, traffic flow, and other factors
- Identifying operational hazards to health and safety
We can provide you with a technical due diligence report that includes an impartial third-party inspection of your building or premises, as well as extensive information on all of the above issues. You can then use this information to determine whether or not to buy and to negotiate a fair price. Code compliance checks or code compliance checking are terms used to describe technical due diligence. You can use the report to get the developer to fix gaps and non-compliances at his expense rather than yours if you’ve already rented or purchased the property.
Our team of professionals specializing in TDD building analysis has performed in-depth analyses for Major Indian and multinational corporations. We’ve covered premium commercial real estate, retail, shopping malls, and industries.
The report will also assist in identifying critical concerns, such as whether the building has a proper emergency plan in place and who will oversee and manage the procedure.
Are you a builder with a portfolio of existing structures? A complete TDD report will reveal the building’s strengths and weaknesses, allowing action to be made to correct and fix the flaws before they become severe problems.
For additional information or a quote on doing a technical due diligence of buildings (TDD) for your project, write or call us.