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Technical Due Diligence

Make better business decisions with a digital checklist by having all information at your fingertips.

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General Technical Due Diligence Checklist

A due diligence template is used by investors to evaluate a product or property they wish to acquire.

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Technical Due Diligence Checklist for IT

Use this template to check IT investments for important factors in advance using a technical due diligence checklist.

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Technical Due Diligence Checklist for Commercial Real Estate

Use this technical due diligence checklist for commercial properties to list all factors and requirements to help you make an acceptable investment decision.

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Why is a technical due diligence checklist needed?


Technical due diligence is part of the so-called due diligence. Due diligence refers to a technical assessment of the condition of a property. In technical due diligence, the technical side of a potential purchase object is closely examined and investigated. This term describes the detailed investigation of a potential purchase, or investment object in all areas. As a rule, it is an analysis of the strengths and weaknesses of the object.



This article deals with:


1. 4 best practices for technical due diligence checklist


2. 6 benefits of the technical due diligence checklist


3. A digital solution for your technical due diligence checklist



What are the components of a project completion report?


To get the best out of technical due diligence, investors can apply best practices to enable an objective assessment of the investment objective. Insufficient due diligence may cause the investor to overlook critical factors that may be regretted after an investment decision is made. Therefore the following are the three components of a technical due diligence:


1. Prepare tailor-made technical due diligence checklist

The technical due diligence checklist is carried out by investors from many industries. In the IT industry, for example, a technical due diligence checklist is performed to evaluate factors such as scalability, code quality and security of the product. In the real estate industry, on the other hand, the process is used to assess the technical and physical feasibility of a commercial property. Adapting the technical due diligence checklist to specific circumstances helps investors to develop a tailored list of questions and requirements to help them make an acceptable investment decision.


2. Prepare investment target according to your own expectations

It is more productive for all parties involved in the representative of the investment target is allowed to prepare documents and other requirements in advance. This helps to avoid delays in the technical due diligence examination. The investor will then find it easier to study the company in detail.


3. Going through the technical due diligence checklist

Although the technical due diligence checklist is only a list of requirements for the investment, this does not exempt investors from carefully going through each item on the checklist. Time should be taken to interview all key stakeholders in the investment target. The checklist may include notes of the interviews and photographs of the documents submitted. If necessary, follow-up meetings should be arranged. It should be ensured that each item on the checklist is well-founded to ensure a comprehensive technical due diligence process.



6 advantages of the Technical Due Diligence Checklist


If you use a comprehensive checklist for technical due diligence, you can benefit in many ways. You see all the risks transparently in front of you and can thus make safe decisions. The main benefits of technical due diligence are outlined below.

Make safe decisions


  1. Identify a property's strengths and weaknesses
  2. Estimate technical and economic performance
  3. Evaluate opportunities and risks
  4. High transparency regarding the target property

  5. Comparability between transaction targets
  6. Intensive exchange with experts


A digital solution for your technical due diligence checklist


The assessment and implementation of the objectives of the final report form the basis for project closure. A checklist is helpful in the sense that it documents all the details about activities and interruptions of the project. Lumiform, the powerful app for inspections offers project managers the opportunity to avoid the hassle of disorganised documents, manual tracking of project deliverables as well as the cumbersome handover of project completion reports.




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