- General - Diligence efforts on new technologies can be challenging because often these technologies have not been applied.
- Experience - Typically, once per year we will review some type of new or non-standard technology. These reviews are either from a lender who is intrigued by the potential of the project or by a developer looking to get an IE perspective of the technology.
- Role - We perform a standard IE evaluate of the project and provide a report/memo to support our findings. Depending upon the progress made with the development, we will review the technologies and the associated contracts for the project to assess the risks to the project if it were to go to financing.
- Risk Mitigants - Ensure that the new technology and/or process follows sound engineering principles and that the project has the appropriate contractual margins to account for any delays in bringing the project on-line.
Please feel free to Contact Us if you have any questions or if we can help with your New Technology project.
