ROMAN Consulting Group
Project Due Diligence
Independent due diligence exists to answer one question: does the project's technical, commercial, and permitting package hold up against reality, and where doesn't it? That's a narrower mandate than it sounds, the job isn't to redesign the project or second-guess every engineering choice, it's to verify assumptions and quantify the gap where they don't hold. ROMAN Consulting Group provides independent project due diligence, leading the estimating, scope, and risk verification directly, and coordinating outside technical and legal specialists where the review requires expertise beyond that.
What Is Project Due Diligence?
Project due diligence is an independent verification of a capital project's technical, commercial, and permitting assumptions, conducted on behalf of owners, boards, or financing partners ahead of a funding decision. It's a distinct role from ongoing owner's engineering oversight: due diligence is a defined, time-bound review focused on one question, does the credit-stage or investment package match what the project can actually deliver, not a continuous presence through execution. ROMAN leads the estimating, scope, and risk dimensions of that review directly, and coordinates outside technical, legal, and permitting specialists for the parts of the review outside that core expertise, consolidating everything into one prioritized report.
Our Approach
Estimate and Scope Verification — independently testing whether the project's cost estimate and scope definition match its stated maturity, the core of ROMAN's own expertise, not outsourced
Risk and Assumption Testing — identifying where technical, commercial, or schedule assumptions in the credit-stage or investment package diverge from what the underlying data actually supports
Coordinated Specialist Input — bringing in outside technical, legal, or permitting specialists for domains outside ROMAN's core scope, environmental review, specialized engineering disciplines, statutory clearances, rather than claiming that expertise directly
Consolidated, Prioritized Reporting — combining ROMAN's own findings with specialist input into a single report, with gaps between assumption and reality clearly quantified and escalated to whoever holds decision authority
This mirrors how independent due diligence is typically structured across the industry: a lead reviewer anchoring the estimating and risk core, supported by subject-matter experts for specialized technical, legal, and regulatory questions, rather than one generalist claiming expertise across every domain.
Built for Owners, Boards, and Financing Partners
Owners and boards preparing to commit capital to a project with unresolved technical, commercial, or permitting questions. Lenders and financing partners requiring independent verification before releasing funds. Joint venture partners who need confidence in a project's assumptions before co-investing.
Case Study
A lender preparing to finance a mid-size processing facility expansion required independent due diligence before releasing funds. ROMAN's review of the project's cost estimate and scope definition found the credit-stage package assumed a Class 3 level of definition that the underlying documentation didn't support, closer to Class 4. Working alongside outside permitting counsel ROMAN coordinated for the engagement, the review also surfaced that the assumed permitting timeline relied on an approval pathway not used successfully in that jurisdiction in several years. Both findings were quantified and escalated directly to the lender's investment committee. The lender required a revised estimate basis and a verified permitting timeline before finalizing terms, catching the gap before it became a funding problem instead of after.
Frequently Asked Questions
Q. What is project due diligence, and how is it different from an FID readiness review?
A. Project due diligence verifies a project's technical, commercial, and permitting assumptions against underlying data, often for an external party like a lender, and typically involves coordinated specialist input. An FID readiness review focuses more narrowly on whether scope, estimate, and risk maturity are sufficient to justify advancing through a stage-gate, usually for the owner's own governance process.
Q. Who typically requests project due diligence?
A. Owners, boards, lenders, and joint venture partners commonly request independent due diligence ahead of a funding decision, particularly when external financing or co-investment is involved.
Q. Does ROMAN perform every part of the review itself?
A. ROMAN leads the estimating, scope, and risk verification directly, since that's the firm's core expertise. For technical, legal, or permitting questions outside that scope, ROMAN coordinates outside specialists and consolidates their findings into one report, rather than claiming expertise across every domain.
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