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Due Diligence Survey Audits

Due Diligence Survey Audits

Due Diligence Survey Audits: These types of surveys are asked of a land surveyor for various large scale projects involving huge financial transactions. Typically any real estate project starts off with land surveys as first step & then moves on to the other aspects of planning. As a part of due diligence first the clients approach a lawyer to ascertain the legality of the plot or the project land under consideration & once this is fairly judged at this juncture the technicalities of the property documentation needs to be verified & this is where we play a role. Firstly we ascertain if the land area mentioned in the property documents are physically available or not & bring out the differences. Further we carry out a process called as cadastral mapping wherein the survey numbers of the plot are digitised superimposed over the physically surveyed land map & bring out the differences if any like ingress into the property or egress into a neighbouring property. Additionally we also identify the extents & limits of the Kharab land within the property. The due diligence exercise also includes surveys like As-built survey plans, conformity of the buildings within the property to the height restrictions imposed by the Airports authority of India.In summary it includes all the aspects of the services offered by us.

We as a land surveyor take pride in the immense expertise we have gained over the past two & half decades to aptly propose & execute the relevant land surveying contexts to the projects suitable so that our clients do not have any surprises during project execution & thus save them time, money & effort.

Therefore the adage “A precise land survey today translates to big savings tomorrow”.

Due Diligence Survey Audits

Due Diligence Survey Audits: The Importance of Thorough Investigation

Due diligence is an essential process for any business looking to make a significant investment or acquisition. It involves researching and evaluating the financial, legal, and operational risks associated with a potential transaction. One important aspect of due diligence is the survey audit, which is a comprehensive examination of a company’s physical assets, including buildings, equipment, and inventory.

Why Are Survey Audits Important?

Survey audits are crucial for identifying any potential issues or risks that may impact the value or performance of the assets being considered for acquisition. These audits provide a detailed analysis of the condition and functionality of the assets, including any issues that may impact their value or performance. This information is critical for making informed decisions about the proposed transaction and for negotiating the terms of the deal.

What Does a Survey Audit Include?

A survey audit typically includes a thorough inspection of the assets being considered for acquisition, including buildings, equipment, and inventory. The audit may also include a review of any related documentation, such as maintenance records, purchase orders, and warranty information. The auditor will also look for any environmental hazards or compliance issues that may impact the assets.

The auditor will typically prepare a report detailing the findings of the audit, including any issues that need to be addressed. This report can be used as a negotiating tool in the acquisition process and can also serve as a guide for future maintenance and repairs.

Benefits of Survey Audits

Survey audits provide numerous benefits for businesses considering an acquisition or investment. These benefits include:

  • Identifying potential risks and issues that may impact the value or performance of the assets

  • Providing a detailed analysis of the condition and functionality of the assets

  • Serving as a guide for future maintenance and repairs

  • Serving as a negotiating tool in the acquisition process

In conclusion, survey audits are an essential aspect of due diligence that provide critical information for making informed decisions about potential transactions. These audits provide a comprehensive examination of a company's physical assets, including buildings, equipment, and inventory, and help identify any potential risks or issues that may impact the value or performance of the assets. Businesses should consider conducting a survey audit as part of their due diligence process to ensure they make well-informed decisions about their investments and acquisitions.

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