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Real Estate Development Forensic Assessment (REDFA)

Due Diligence

In the complex and rapidly evolving landscape of real estate, it's critical to invest in Real Estate Development Forensic Assessment (REDFA), as it not only gives you a comprehensive understanding of your project but also helps you mitigate risk and build a foundation of trust with your investors, partners, and customers.

Real estate development forensic assessment is a comprehensive examination and analysis of real estate development projects. It aims to uncover any irregularities or inconsistencies in project execution, documentation, or financial management.

The importance of real estate development forensic analysis stems from its potential to highlight areas of concern within a project. This could range from financial irregularities to non-compliance with building codes or statutory regulations. Such issues can lead to significant financial and reputational risk without thorough due diligence and analysis.

At ValuStrat, our team of specialist real estate development forensic assessment consultants offer a comprehensive proposition that includes a thorough analysis of project documents, meticulous assessment of construction costs, detailed project management and delivery investigation, and scrutiny of financial transactions. Our expertise also extends to Forensic Cost Assessment (FCA), an integral part of REDFA, which scrutinises construction costs for signs of overcharging, misallocation of funds or fraudulent activity. Our consultants have in-depth knowledge of the real estate sector and forensic assessment methodologies. They are equipped to highlight potential risk areas, providing you with insights for effective real estate development due diligence.

Our real estate development forensic assessment reviews cover the following:

Forensic review:

  • Reviewing of contract costs (sample & 100%)
  • Due diligence review of contractor processes
  • Validation of the accuracy of contractor invoices/claims

Forensic cost assessment:

  • Review of client and contractor processes
  • Review of actual costs (100%)
  • Commercial recovery processes

Governance and process review:

  • Reduction in transactional inefficiencies
  • Development of process risk mitigations
  • Process optimisation strategies around clear objectives (improved cash flow)

FCA-led Supplier Relationship Management (SRM):

  • Revealing opex and capex costs & developing product category improvement strategies
  • Practical solutions for supply chain process improvement