Technical and cost-to-complete assessment requires real estate project evaluation before inviting expressions of interest from resolution applicants. Regulation 4G requires the resolution professional, with prior committee approval, to appoint independent qualified professionals for project-wise ... Summary
Technical and cost-to-complete assessment requires real estate project evaluation before inviting expressions of interest from resolution applicants.
Regulation 4G requires the resolution professional, with prior committee approval, to appoint independent qualified professionals for project-wise technical and cost-to-complete assessments of real estate projects. The assessment covers construction status, approvals, inventory, completion costs, funding needs, delivery timelines, and material risks. It must be completed before inviting expressions of interest, included in the information memorandum for prospective resolution applicants, and treated as an insolvency resolution process cost.
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