Due Diligence:

Carry out Due Diligence inspections and provide a
comprehensive report outlining any non compliance, and
providing advice on the best way to bring the building into
compliance.

Example 1:
Our organisation was engaged to carry out a due
diligence inspection on a commercial property for a client
who wished to purchase the property. The outcome of the
inspection showed that there were many compliance
issues with the building and when costed out by the
client’s quantity surveyors, the rectification work would
cost an estimated $500,000, the client then negotiated a
price $700,000 less than the initial asking price.

Example 2:
A client was interested in merging with another provider
in the Residential Aged Care Industry. The merger
involved the taking over the control of 35 Aged Care
Facilities Australia Wide. Under legislation all Aged Care
Facilities must be certified by the Department of Health &
Aging as being compliant under the Aged Care
Certification Guidelines. The facilities in question had
been issued with certificates from a building certifier,
stating that they met the requirements of the Aged Care
Certification Guidelines. As an Accredited Assessor for
the Department of Health & Aging, we were engaged to
carry out an assessment of 5 of the buildings. Upon
inspection from our organisation, it was evident that the
facilities did not meet the requirements and after reading
our report, the client rejected the merger. An audit of 3 of
the 35 facilities by the government found the facilities did
not meet the Aged Care Certification Guideline
requirements and the upgrade works to the 3 facilities was
estimated at over $2,000,000. The client in question
saved approximately $1,000,000,000.

Asset Economics Queensland’s premier Tax Depreciation and
Quantity Surveying firm is now providing the following services;

1. Sustainability Declaration

2. Tax Depreciation

3. Certification

4. Due diligence

5. Fire Safety Audits

6. Property Dilapidation Inspections and Reports

7. Building Audits, Surveys & Reports