Due diligence and technical assessment services for projects and portfolios under construction
Strategy, LLC also provides due diligence and technical assessment services for projects and portfolios under construction. Strategy’s pre-construction services include:
Independent assessment of percentage completion, cash flows, and estimates-to-completion (EACs)
Project audits of contractor bids, formwork, requisitions, payments, fees, retention, and work complete to insure contractual compliance
Assessment of projected cash flows, including:
- Project funding commitments
- Adequacy of reserves and commitments to complete required construction activities
- Analysis of pre-sold units and property closing commitments
EAC Impact analysis:
- Permit Status: potential renewals and re-filings
- Design Professionals: evaluate need and impact of retaining new firm(s)
- Contract Reviews: possible re-assignment of agreements
- Independent concurrence of lender inspection records
- Concurrence review of entire permit package, status of property inspections, construction documents (including potential coordination conflicts and errors and omissions)
- Independent schedule analysis and critical path review
- Independent analysis of pending and executed change orders
- Budget reviews to assess adequacy, including consideration of project location and current market status of material and labor conditions
Review and/or evaluation Project:
- Building envelope
- Interior material selection
- Bid package and negotiated contract price
- Specifications and project manuals
- Applicable codes