Step 1: Information gathering: The due diligence service provider will gather information about the interested party and the transaction. This information may include the name and contact details of the parties involved, the purpose of the transaction, and the type of due diligence required.

Step 2: Proposal submission: Based on the information gathered, the due diligence service provider will submit a proposal outlining the scope of work, timeline, and cost for the due diligence process.

Step 3: Agreement execution: Once the proposal is accepted, the interested party and the due diligence service provider will execute an agreement outlining the terms and conditions of the engagement.

Step 4: Due diligence review: The due diligence service provider will conduct a thorough review of the transaction, including financial, legal, and operational due diligence, as per the scope outlined in the agreement.

Step 5: Reporting: After the review is completed, the due diligence service provider will provide a detailed report of its findings, including any potential risks or concerns identified during the due diligence process.

Step 6: Follow-up: Based on the findings of the due diligence report, the interested party may take corrective actions or negotiate different terms for the transaction. The due diligence service provider may also be involved in follow-up activities to ensure that any identified risks are mitigated or resolved.