The primary goal of due diligence activities is to assess and mitigate technical, financial, environmental, legal and socio-economic risks associated with a project before committing further resources. In carrying out due diligence work, our highly experienced specialists work alongside client appointed financial, legal and insurance advisers to provide a comprehensive assessment of these risks, devise suitable risk mitigation strategies and ensure that the project represents a viable investment.
Due diligence assignments typically involve the review and verification of the findings of a feasibility study conducted for the project. Project aspects we assess during the course of due diligence assignments include:
As part of due diligence activities, we also review from a technical viewpoint:
McLellan specialists liaise with insurance advisors to ensure the validity of the assumptions used in calculating levels of marine cargo insurance and insurance during construction for projects. We also provide advice to the lenders in connection with performance testing and the structure of a final lenders test for industrial plants; a key component of project completion.