Due Diligence

Due Diligence by Definition
Due diligence is defined in the Merriam-Webster's Dictionary of Law as:

"1 : such diligence as a reasonable person under the same circumstances would use : use of reasonable but not necessarily exhaustive efforts called also reasonable diligence

"NOTE: Due diligence is used most often in connection with the performance of a professional or fiduciary duty, or with regard to proceeding with a court action. Due care is used more often in connection with general tort actions.

"2 a : the care that a prudent person might be expected to exercise in the examination and evaluation of risks affecting a business transaction
b : the process of investigation carried on usually by a disinterested third party (as an accounting or law firm) on behalf of a party contemplating a business transaction (as a corporate acquisition or merger, loan of finances, or esp. purchase of securities) for the purpose of providing information with which to evaluate the advantages and risks involved <the greatest exposure…for failure to conduct adequate due diligence arises in the context of public offerings of securities —G. M. Lawrence>
c : the defense (as to a lawsuit) that due diligence was conducted"

Engineering Due Diligence
Have you thought of every scenario? Are you concerned that in one area, you may have a problem with no apparent method to test your hunch? Every method you have employed in the past is now inadequate for the new conditions. What do you do? You practice due diligence using the finite element analysis method.

Finite Element Analysis and Due Diligence
Applycon can help you perform your due diligence. Every evaluation brings with it the bias of the observer. We can be more objective observers because we don’t have the emotional investment that you have. We can take a fresh look and see the forest made up of your trees, or peer into the forest for that one tree you have overlooked.

Because we are experts in using FEA for due diligence, we can suggest approaches that will give you the means, and the confidence to forge ahead with your designs, or give you the hard analytical data that suggests you put on the brakes.

Do you want to limit warranty claims? Do you want to eliminate damage suits? Do you need an expert witness or an expert analysis that can be obtained in no other way? Then leave no stone unturned. FEA is inexpensive insurance, yet more than insurance; due diligence will make your products better and safer.

Due diligence as practiced by Applycon has saved one of our clients millions in warranty claims. Applycon's analyses have been used to buttress the testimony of expert witnesses. Contact Applycon for more information. We keep client information strictly confidential.