Financial and technical audit
This is a set of measures aimed at determining the possibility of implementing an investment project in the stated parameters, and the volume of investment with the borrower's funds at the current stage.
As a rule, this service is used by investors to decide on the possibility of lending to an investment project.
Stages:
- Analysis of title and initial permits for sufficiency for project implementation with the stated parameters
- Analysis of the project’s contractual binding for the sufficiency of the concluded contracts and for implementation and their compliance with the budget, schedule and market conditions and goals of the project
- Assessment of current contract implementations at the reporting date, analysis of the possibility of further implementation and their impact on the budget, and the timing of the project
- Expert assessment on the degree of readiness of the project, compliance analysis of the planned degree of readiness based on the results of a site visit
- Technological expertise of the project
- Assessment on the adequacy of the project implementation schedule
- Estimation on the amount of funds invested by the borrower into the project as of the current date. This is carried out on the basis of the provided documentation and full-scale measurements at the facility
- Assessment on the adequacy of the project budget. The sufficiency of the budget is confirmed either by checking / developing estimates, or using analogues, taking into account the investments already made and other parameters.
Result:
A detailed report with an analysis on each stage of work with the identification of risks, recommendations for their elimination, cost of their elimination, and a clear conclusion about the possibility of implementing the project in the stated parameters. The report is supplemented with up-to-date photographs of the current state of the object. The financial and technical audit, along with the report, should be done once concurrently.