Pre-acquisition surveys are vital for identifying opportunities and managing investment risks.
We tailor the pre-acquisition service to the clients’ appetite for risk and to the legal context of the transaction. Identification of technical risks and opportunities is key to the approach together with the assessment of maintenance requirements and associated repairing liabilities.
We will review leases to identify gaps in recoverability or other risks so these can be managed. We will also apply our contract experience to review construction information and documentation with the client’s solicitors. This enables any gaps in liability to be identified and addressed.
Using strong links with specialists, we provide a single point of contact to provide a comprehensive technical, legal and contractual assessment of the property to assist the transaction.
Clients who are funding or developing projects require the process to be handled diligently, safely and in line with all legal obligations and arrangements.
We will advise on the controlling contractual arrangements and continue to provide post-contract support through monitoring of project progress, quality and finances.
Benchmarking project activity against the terms of a pre-letting or other legal agreements is the cornerstone of the process to ensure the client’s contractual and commercial interests are protected. The scope of services include:
- Reviewing construction information
- Recommending specialist investigations
- Coordinating specialist sonsultants
- Preparation of budget costings
- Reviewing documentation
- Advising on contractual arrangements
- Monitoring performance and progress
- Monitoring quality and cost
- Monitoring warranties and documentation