Acting as technical auditor, we co-ordinated the client’s professional team to review vendor’s reports.
Within our own report, we summarised key findings, budget costings and commented on the terms of appointment for the vendor’s team of consultants. We subsequently made a presentation to the client and their advisors to discuss the implications of our findings.
Following our recommendations, a meeting with the seller’s team was convened to discuss anomalies within their findings, specific timeframes and budget costings contained within the reports for elements of service charge expenditure.
Our advice enabled our clients to assess the full ramifications of the vendor’s reports and impact on service charge recovery, ensuring that their decision to purchase was wholly informed.