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You could be opening a can of worms – unless you do some more homework.
SM is correct – there are a number of inspections/reports that can be done.
Be aware that litigant compliant reports are quite specific and are usually preceded by several inspections/reports from experts.
In our building we consulted with fire, building, mechanical ventilation, quantity surveyors and hydraulic experts. I have lost count of the number of opinions sought and the time taken – but it was years.
General defect inspections for a 200 lot scheme will cost about $50,000 – $100,000 depending on the detail of the inspection. If you are unlucky (defects exist) then that cost may be just the beginning.
In my humble opinion a defect inspection is a good thing to do but no guarantee of finding all defects – in our case a failed roof membrane was missed on the 1st two inspections because that was not being inspected (buried beneath tons of pebbles).
Your SM should be able to provide at least 3 different quotes detailing the specific inspections.