| Backlog and pipeline | Shows future workload, revenue visibility, and project demand. | Signed contracts, proposals, expected awards, probability-weighted pipeline, and start dates. |
| Client relationships | Client continuity drives transferability and buyer confidence. | Top clients, repeat work, relationship owner, contract history, and client concentration. |
| Staff utilization | Utilization and billing discipline drive profitability. | Utilization reports, billing rates, realization, staffing mix, and project profitability. |
| Licensed professionals | Licenses and registrations support continuity after closing. | Licensed professional roster, registrations, tenure, discipline, and transition plan. |
| Founder dependence | Founder-led relationships, design review, or rainmaking can affect deal structure. | Founder role map, relationship map, transition plan, and second-tier leadership. |
| Market specialization | Sector focus can support buyer fit and strategic value. | Project portfolio by sector, awards, repeat niches, case studies, and proposal history. |
| Project delivery systems | Buyers want confidence that work can be delivered consistently. | PM process, QA/QC process, design review workflow, software stack, and templates. |
| Claims and insurance | Professional liability exposure affects diligence and buyer risk. | Insurance history, claims, disputes, contracts, and risk-management process. |
| Financial reporting | Buyers need clean historical and normalized earnings before serious offers. | P&Ls, balance sheets, tax returns, add-backs, AR/AP aging, WIP, and working capital detail. |
| Ownership transition | Buyer confidence depends on retaining staff and clients after closing. | Staff retention plan, client handoff plan, principal transition expectations. |