Torrance, CA—Partner Engineering and Science, Inc. is pleased to announce that it is a founding member of a new association, the National Engineering and Environmental Due Diligence Association (NEEDDA), a non-profit organization formed to promote the common interests of engineering and environmental consulting stakeholders who provide due diligence for real estate transactions.
NEEDDA was incorporated on December 19, 2012 and over the last year Partner, along with six of the nation’s top engineering and environmental due diligence providers, have met to form bylaws and lay the foundations of the organization. Membership is open to firms that provide both engineering and environmental due diligence services and meet the membership criteria.
While participation to date has been limited to founding member firms, we welcome participation from new member firms, clients, vendors, and attorneys.
One of NEEDDA’s primary goals is to promote greater consistency and quality in the practices of due diligence consultants through establishing voluntary best practices. Future plans for NEEDDA include creating standard contract language and providing education, publications, conferences, and research as well as accreditation and certification programs.
An important first project within the educational component is to create standardized “NEEDDA-Approved” contract documents that will serve as a resource for firms delivering environmental and engineering due diligence services and their clients.
Informed by the combined experience of NEEDDA members, these templates will be available for engineering and environmental due diligence contracts starting today, October 8th. For industry partners interested in such templates, available templates include:
- Master Services Agreement
- Terms and Conditions
- Reliance Letter
- Non-Reliance Letter
These documents are available for review, as well as more information, at NEEDDA’s website.
