Whether investing in an existing asset or a developing from soil, owners, operators, investors, insurers and other stakeholders need to understand and mitigate a variety of technical, legal and socio-environmental risks before committing themselves to the undertaking.
Risks that might compromise on a project’s profitability in short, medium or long term, usually originate during the initial stages of project development.
In this context, independent technical advisors such as SGS assist clients in evaluating the technical feasibility of their project by means of a Technical Due Diligence.
Objectives of a Technical Due Diligence
This process entails identifying both the profitability of risk occurrence as well as their potential impact on the project.
The goal is twofold:
- To ensure the technical feasibility of the project makes for a sound investment
- To ensure that all factors have been accounted for in the development process
These objectives are achieved by reviewing all available assets thoroughly or provide data in order to reveal potential areas of concern.
How SGS can help
SGS conducts Technical Due Diligence for both new project developments and operating assets.
SGS approach on Technical Due Diligence is based on a 12-step approach:
While SGS’s Technical Due Diligence mandate generally follows the sequence illustrated in the chart above, the exact scope of each step is tailored to suit the specific verification needs of each individual project.
About SGS
We are SGS – the world’s leading testing, inspection and certification company. We are recognized as the global benchmark for sustainability, quality and integrity. Our 98,000 employees operate a network of 2,650 offices and laboratories, working together to enable a better, safer and more interconnected world.
Amman, Al-Jbeiha, Yajouz Street,
Caracas Building, Entrance No1, 3rd Floor, Office 311, 11193,
Amman, Jordan