Construction Inspection Services
If your organization is interested in managing the risk associated with the purchase or sale of existing building assets as part of a business acquisition, you may want to consider Kline Rostocil Construction’s pre-acquisition construction inspection services.
Kline Rostocil Construction’s commercial building & pre-acquisition construction inspection services are designed to evaluate the condition of existing building(s) or facilities being acquired for business purposes and are typically used for:
- Determining the feasibility of purchasing or selling a structure
- Providing the documented information necessary to soundly negotiate the purchase or sale of a structure
- Estimating associated budget requirements
Kline Rostocil Construction’s Typical Pre-acquisition Inspection Includes:
- A physical inspection and evaluation of the structure’s existing condition
- A report of findings, including:
- A detailed description of the structure’s condition
- Recommendations for the repairs or improvements required to bring the existing facility to customer’s standards
- The projected cost of repairs / improvements
Example of Savings Achieved, or Costs Avoided, Through Our Pre-acquisition Inspection Services
An example of the value of inspecting structures prior to purchase is a hospital that Kline Rostocil Construction inspected in Waterford, CT. The prospective buyers of the building hired our organization to evaluate the condition of the structure’s roof, the integrity of which was suspect. As a result of the inspection, the state of disrepair was ascertained and documented, ultimately leading to the seller covering the cost of roof replacement as a term of sale. In this example, our inspection services saved the buyer $16,000.
In contrast to the above example, we once renovated a commercial structure in Berlin, MD for an organization that gained ownership of the structure through a business acquisition. During the course of the renovation it was discovered that the structure’s concrete slab had developed a significant void, the roof had been designed and built incorrectly, and the structure had once burned in a fire. The cost of the associated repairs was nearly $70,000 – a cost that would have been borne by the seller rather than the buyer, had the structure received a construction inspection prior to acquisition.