Technical Due Diligence of Buildings
Are you in the process of purchasing or constructing office or residential space? If so, are you getting what you are paying for?
For example, lets say you are purchasing 50,000 ft2 of office space in Mumbai at a cost of Rs. 35 crore. Your facility manager says she wants to fit 750 people into the space. Has the developer provided enough electrical power to support all those people? Is there sufficient air-conditioning and fresh air capacity in the building? Are there sufficient lifts, fire escapes and toilets? Are the fire fighting systems properly designed and constructed? Does the building comply with building codes and standards? While India has a strong and sensible set of building codes, compliance with these is spotty at best, as developers and contractors lack both the knowledge and the will. Developers will often cut down on these items to reduce costs, and clients only realise this long after they have purchased and occupied the building.
A technical due diligence of your building is the solution. It may even be done before or during the purchase process. This is the process of detailed checking of a building to ensure that the building is safe, efficient, and that it meets your requirements. The building must also comply with the requirements of national building codes and local body regulations. Some large MNCs require that all their premises comply with the British or International Building Codes.
Fire safety is a key aspect of these checks, as the lives and safety of your staff are your responsibility as an employer. In the United States, about 4,000 people die from fire every year, and the number is higher in other countries.
At SDM Architects, we have worked out a detailed procedure for performing due diligence on buildings that covers all the important aspects of your building, including:
A technical due diligence report from us will give you an independent, third party assessment of your building or premises, with detailed information on of all the above issues. You can then use this information to decide whether or not to purchase, as well as to negotiate a reasonable price. Technical due diligence is sometimes called code compliance checks or code compliance checking. If you have already leased or purchased the premises, you can use the report as a means of getting the developer to rectify gaps and non-compliances at his cost rather than yours.
Our team of experts specialising in TDD analysis of buildings has done in-depth analysis of over 20 million square feet of space for leading Indian and MNC corporate houses. We have developed custom software apps for our team to ensure high-quality reports. We have covered prime commercial spaces, retail, shopping malls, cinema theaters, and food courts.
The report will also help to identify key risks, for example, is there a proper emergency plan for the building, and who will oversee and manage this process?
Are you a developer with a stock of existing buildings? A detailed TDD report will identify areas of strength and weaknesses in the buildings after which, action can be taken to rectify and remedy the issues before they develop into serious problems.
Write to us and speak to Samir for more information, or for a quote for performing a technical due diligence of buildings (TDD) for your project.
For example, lets say you are purchasing 50,000 ft2 of office space in Mumbai at a cost of Rs. 35 crore. Your facility manager says she wants to fit 750 people into the space. Has the developer provided enough electrical power to support all those people? Is there sufficient air-conditioning and fresh air capacity in the building? Are there sufficient lifts, fire escapes and toilets? Are the fire fighting systems properly designed and constructed? Does the building comply with building codes and standards? While India has a strong and sensible set of building codes, compliance with these is spotty at best, as developers and contractors lack both the knowledge and the will. Developers will often cut down on these items to reduce costs, and clients only realise this long after they have purchased and occupied the building.
A technical due diligence of your building is the solution. It may even be done before or during the purchase process. This is the process of detailed checking of a building to ensure that the building is safe, efficient, and that it meets your requirements. The building must also comply with the requirements of national building codes and local body regulations. Some large MNCs require that all their premises comply with the British or International Building Codes.
Fire safety is a key aspect of these checks, as the lives and safety of your staff are your responsibility as an employer. In the United States, about 4,000 people die from fire every year, and the number is higher in other countries.
At SDM Architects, we have worked out a detailed procedure for performing due diligence on buildings that covers all the important aspects of your building, including:
- statutory permissions issues, compliance with codes
- architectural design and construction
- structural engineering
- MEP (mechanical, electrical and plumbing) design and construction.
- potential risks in and around the site, such as flooding, traffic flow, and the like
- identification of operational health and safety risks
A technical due diligence report from us will give you an independent, third party assessment of your building or premises, with detailed information on of all the above issues. You can then use this information to decide whether or not to purchase, as well as to negotiate a reasonable price. Technical due diligence is sometimes called code compliance checks or code compliance checking. If you have already leased or purchased the premises, you can use the report as a means of getting the developer to rectify gaps and non-compliances at his cost rather than yours.
Our team of experts specialising in TDD analysis of buildings has done in-depth analysis of over 20 million square feet of space for leading Indian and MNC corporate houses. We have developed custom software apps for our team to ensure high-quality reports. We have covered prime commercial spaces, retail, shopping malls, cinema theaters, and food courts.
The report will also help to identify key risks, for example, is there a proper emergency plan for the building, and who will oversee and manage this process?
Are you a developer with a stock of existing buildings? A detailed TDD report will identify areas of strength and weaknesses in the buildings after which, action can be taken to rectify and remedy the issues before they develop into serious problems.
Write to us and speak to Samir for more information, or for a quote for performing a technical due diligence of buildings (TDD) for your project.
