Page 50 - CIJ Dec 2023 - Digital Edition

Facilities ManageMent

An Expert Analysis
Technical Due Diligence (TDD) in

Facilities Management

Technical Due Diligence (TDD) in facilities management has

emerged as a crucial process in the evaluation of facilities. Its
significance has increased notably since the 2008 financial crisis,
becoming a vital practice for consultants in the field. This article
aims to provide an in-depth analysis, integrating insights from
Nithin Bhandari of Embassy Services Pvt. Ltd., Aniket Sheth of

SILA, and Wg Cdr Srikanth Balagandar of Pegasystems. Their
contributions offer invaluable perspectives on intricate processes,
emphasising its critical role in decision-making in real estate and

facilities management.

Evolution and Importance
Initially, TDD was a relatively overlooked
aspect of real estate operations. However, its
importance has grown exponentially in recent
years. Real estate operations, especially in
the commercial sector, involve substantial
investments, necessitating a thorough and
disciplined approach. This process serves as
a risk assessment tool, guiding investors on
liabilities, obligations, contracts, operations,
and other project aspects. It provides a non-
judgmental overview of both the positive
and negative elements of a project, aiding in
informed decision-making.

Understanding Technical Due
Diligence

TDD in real estate and facilities management
is the process of analysing the technical
aspects of a building or facility. This analysis
includes examining a company’s technical
assets, such as specialised equipment,
production facilities, building structures, and
overall operational functionality. It offers
an independent, third-party assessment to
highlight potential risks and threats associated
with a project. This process is crucial
for planning future costs associated with
management, maintenance, and repair.

DECEMBER 2023•Clean India Journal
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