Work in Progress Review for Private Equity Due Diligence
Work in Progress Review for Private Equity Due Diligence
When evaluating a construction contractor or subcontractor for acquisition or investment, reviewing the Work in Progress (WIP) report is a crucial part of financial and operational due diligence. The WIP schedule provides a real-time snapshot of a company’s project performance, revenue recognition practices, and risk exposure. We help our clients identify potential red flags and perform project level assessment and review so that they can better understand their investments.
Our Services
Our services are intended to help private equity investors and lenders better understand the status of work in progress so that they can mitigate risk and understand thier investments.
High-Risk Project Identification
Review WIP schedule to identify projects that are high risk based on volume, status, or other factors.
Field Inspection and Interviews
An inspection that focuses on overall progress, constraints, and material delieveries. This includes interviews with key personell.
Work In Progress Monitoring
Periodic assessments to understand status of projects. Typically done every month for ongoing projects during critical stages.
Work In Progress (WIP) Review Process
Review WIP Report
Identify High Risk Projects
Perform Field Assessment & Personnel Interviews
Review Cost-to-Date and Forecast
Provide Summary and Recomendations
Monitor Project Performance
Company Types
We have experience in the review and audit of all disciplines of construction. This includes review of materials, progress, quality, and financial documents.
Site Utilities and Improvements
Subcontractors that handle grading, excavation, trenching, and installation of underground infrastructure such as water, sewer, storm drainage, and electrical conduits.
Framing and Building Envelope
Structural framing (wood, metal, or panelized systems) and exterior enclosure systems, including insulation, sheathing, cladding, windows, doors, and weather barriers.
Mechanical, Electrical and Plumbing (MEP)
Design, install and integrate critical building systems: HVAC (heating, ventilation, air conditioning), electrical power and lighting, and plumbing systems for water and waste.
Roofing and Waterproofing
Installation of roofing systems and waterproofing membranes, including flashing, sealants, and vapor barriers, to protect the building from water infiltration and weather-related damage.
Fire Protection and Fire Alarm Systems
Design and install fire alarm and suppression systems such as sprinkler and alarm systems for buildings.
Concrete and Steel
Foundations, slabs, and vertical elements like walls and columns. Fabricate and erection structural steel frames, stairs, and miscellaneous metals.
Interior Finishes
Including drywall, painting, flooring, ceilings, millwork, and specialty finishes.
Vertical Transportation
Supply and install elevators, escalators, and lifts. Their systems enable efficient movement of people and materials within multistory buildings.
Nationwide Services
Our office headquarters are centrally located in Dallas, Texas with regional offices in Texas, Florida, Illinois, Georgia, Colorado, Tennessee, Minnesota and New York. We have completed projects in nearly all U.S. metropolitan cities and states.
Explore Representative Markets
Request an Assessment
Discover the Impact of Our Work
Browse Our Website to Understand How Our Expertise Translates into Successful Outcomes for Our Clients.
Explore Now
Discover the Impact of Our Work
Browse Our Website to Understand How Our Expertise Translates into Successful Outcomes for Our Clients.
Explore Now