Elevator Due Diligence

Elevator due diligence or vertical transportation due diligence evaluations are a cost saving practice when purchasing, selling or refinancing a building with elevators or escalators.

When selling or buying a building conducting a due diligence audit, elevator audit, vertical transportation audit to verify that the equipment is in its best shape from a safety, reliability and performance position.

When selling, The Elevator Consultants audit can uncover elevator deficiencies that need to be addressed by the elevator service providers. These punch list deficiencies are usually cured in a timely manner to meet the time-frames of the property.

When buying a building bringing in an elevator consultant and not relying on the building data or personnel has proven to save clients millions. An elevator consultant is an industry expert who can determine the condition of the equipment, code requirements needed, and deferred maintenance. The Elevator Consultants reviews all elevator data for a building to make certain the buyer knows all the needs of the elevator to negotiate better price of a property or receive escrow for future elevator needs.

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