iSOL8 consultants have a unique combination of mechanical engineering and OHS degree qualifications with applied field experience.
This combination ensures a rapid and practical understanding of client work processes and scoping out the requirements of Due Diligence Assessments.
Prior to organisations buying out or insuring companies, they conduct a Due Diligence assessment on the quality, functionality of operating systems, facilities and OHS liabilities in order to determine legacy risks, remedial actions and associated costs prior to purchase or commencing work.
Due diligence studies conducted by Craig Power include:
- Potential buyer of a coal mining and processing operation in Queensland. The study determined there was a significant claims exposure for employees with “Black Lung” disease, with the potential to cost the buyer millions of dollars.
- Company had purchased an operating gas/diesel power station. The post-sale study revealed very poor records on maintenance/spares and operator training/competency resulting in significant costs to the company and potential exposure to litigation from the Regulator due to several major non-compliances with OHS acts and Regulations .
- The company; a manufacturer and installer of speciality products was looking to looking to sell the business and required a study be undertaken to determine physical and organisation OHS issues the may impede the sale with recommendations to address major issues.
Legacy OHS Risks includes:
- Worker’s compensation claims and private litigation; Latent Health effects from long term exposure to hazardous materials
- Prosecution by statutory authorities
- Plant and equipment failing to meet mandated safety standards
- Latent hazards and risks from plant process design and operations
- Inadequate records, inadequate operations, maintenance & OHS documentation
Labour hire companies must also conduct Due Diligence assessments to ensure that workers supplied to clients are protected by client OHS systems, procedures and actions.
When doing work as a contractor, the contractor will also do a Due Diligence assessment to satisfy themselves that there is appropriate alignment with client OHS management systems and procedures and client OHS systems, procedures and actions are sufficient to protect their employees from external client managed risks.
- Site surveys including interviews. These surveys include plant & equipment and observations of work conducted and how workers are lead and managed.
- Desk top and site review, matching and analysis of documents and records
- Written reports detailing identified gaps with recommendations and other areas of concern that require further scrutiny
- Expert Opinion reports for legal firms involving OHS litigation matters.