Full Commercial Due Diligence
All seven chapters of the spine. The default sponsor commission on a competitive process.
Full CDD covers all seven chapters of the spine: market, customer, competitive, operations, financial-commercial bridge, risk, synthesis. Boutique mandates run £25-50k over 3-5 weeks; Big-4 deal advisory runs £75-150k over 5-8 weeks.
§ 1.1Scope
Every chapter of the spine, normally with 15-20 customer interviews, 5-8 win-loss interviews, a competitor map, an ops bridge tied to the QofE workbook and a one-page IC summary.
§ 1.2Fee anchors
Boutique: £25-50k. Big-4: £75-150k. Both are engagement-letter mandates, not list prices.
§ 1.3Timeline
Boutique 3-5 weeks; Big-4 5-8 weeks. See the day-by-day cadence at /playbook/.
§ 1.4When mandatory
Where the sponsor IC requires syndication-grade reliance, where lenders have CDD covenants in the financing pack, or where the chair simply will not sign off on a red-flag-only diligence.