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Due Diligence Audits: Building Surveyors

Many clients have required HENDRY building surveyors to provide due diligence audits to establish answers to questions under Building Acts, Building Regulations and the Building Code of Australia. Some due diligence audits questions to building surveyors are;

• What parts of the building do not comply with the Regulations and Building Code of Australia?
• Do due diligence audits provide costings to bring the building up to full or partial compliance?
• Can due diligence audits include compliance obligations needed to be met to facilitate a change of use or change of occupancy within the building?
• Is there an alternative fire safety package that can be agreed upon which complies with the intent of the regulations while being cheaper to implement?
• What protection works for the adjoining property apply if I build on my property?
• Is my essential safety measure compliance up to date?

While full compliance may not be the objective in due diligence audits, an owner may want a fall-back position in terms of a minimum fire safety package relating to the major fire safety items as recommended by the building surveyors and listed in the Building Code of Australia for the building. Due diligence audits can cost these items (as recommended by the building surveyors) for an owner and use, if necessary, in negotiations with a prospective purchaser or insurance company.

Where required, HENDRY building surveyors can include in due diligence audits strategies for upgrading an existing building to achieve an acceptable degree of BCA compliance, commensurate with community expectations.

HENDRY building surveyors due diligence audits provide the necessary information for buyers to make informed purchasing decisions. Due diligence audits allow sellers to maximise their property value potential.

Depending on the size of building and its complexity, some due diligence audits can take time to perform by building surveyors. It is in the best interest of the client to gather as much technical information on the building as possible before due diligence audits are commenced by building surveyors.