ELEVATOR DUE DILIGENCE
Acquiring or Disposing of Assets
Elevator due diligence, or vertical transportation due diligence, evaluations are a mandatory cost saving practice when purchasing, selling or refinancing a building with elevators or escalators. Your consultant must have the business acumen to clearly understand the importance, and ramifications, of this exercise.
When selling or buying a building, conducting a due diligence audit, elevator audit, or vertical transportation audit to verify that the equipment is in its best shape from a safety, reliability, code compliance, and performance standpoint is essential to protect you from various risks.
When Selling, Viciedo Consulting's audit will uncover elevator deficiencies that need to be addressed by the incumbant elevator service provider. These deficiencies are usually cured in a timely manner to meet the time-frame of your sale.
When Buying a building, bringing in an elevator consultant and not relying on the building data or personnel has proven to save clients millions of dollars. Viciedo Consulting is an industry expert who can determine the condition of the equipment, code compliance issues, and deferred maintenance. Viciedo Consulting will review historical elevator data for the building to assure you, the buyer, thoroughly understands any/all issues related to the elevator equipment allowing you to adequately negotiate the costs associated with repairing the equipment. We will provide full details on the proper escrow allocation necessary to protect you.