How To Conduct Technical Due Diligence

Table of contents:

How To Conduct Technical Due Diligence
How To Conduct Technical Due Diligence

Video: How To Conduct Technical Due Diligence

Video: How To Conduct Technical Due Diligence
Video: Technical Due Diligence (TDD) Webinar 2024, July
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Technical expertise is usually carried out after an accident to assess the damage caused, when buying or selling a car, and in a number of other cases when there is a need to check the technical condition of the car, assess its value and the possibility of further operation.

How to conduct technical due diligence
How to conduct technical due diligence

Necessary

  • - a copy of the vehicle registration certificate (STS);
  • - a copy of the accident certificate;
  • - a copy of the vehicle passport (PTS);
  • - a copy of the insurance policy;
  • - a copy of the passport of the owner of the car;
  • - a copy of the power of attorney to drive a vehicle (if any);
  • - an agreement with an expert organization;
  • - certificate of technical inspection and expert opinion.

Instructions

Step 1

In case of an accident, a technical examination is appointed by the court, as well as by the insurance company, but you have the right to conduct an independent examination. Often a judge can propose an expert organization that has already proven itself well.

Step 2

When choosing a forensic institution, pay attention to the number of auto-technical experts - this is one of the most important indicators of the professionalism of this expert institution, as well as the availability of documents on the professional training of its employees as forensic experts-auto technicians in the Russian Federal Forensic Center of the Ministry of Justice or in the State Standard RF.

Step 3

Having decided on the organization that will conduct the examination, conclude an agreement with it and agree on the place, date and time of the expert examination of the car. Also, be sure to send a return receipt telegram to the other party. In the telegram, indicate the date of the examination and invite for an examination.

Step 4

After the inspection, draw up an appropriate act with an expert, sign it together with all the participants in the technical examination, be sure to photograph all detected damage, then receive from the expert a calculation according to which the damage caused to the car was determined, and an expert opinion.

Step 5

On the basis of this opinion, you have the right to claim damages from the insurance company in the event of an accident. These examinations are also taken into account by the court as evidence to establish a causal relationship in the event of an accident and to determine the amount of compensation by the other party for the damage caused.

Step 6

Technical expertise is also carried out when evaluating a car for inheritance on behalf of notary bodies (notary), in case of violation of consumer rights by order of the Society for the Protection of Consumer Rights, etc.

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