What this is
Document checks compare what your documents say with the Financial Model, the offer and the deal. SolarQuant reads the documents. Fixed rules with set tolerances do the comparing, so the results are not AI guesses. Results also feed the risks section of memos.
Who this is for
Anyone working a deal. People who can act in the workspace can resolve results. Anyone who can see the deal can run the checks again.
What is compared
- PPA tariff : the same as the model. - PPA escalation : within 0.1 points of the model. - PPA term : the same number of years as the model. - PPA currency : the model's currency, with a note when the PPA is paid in another currency. - Minimum take : within half a point of the accepted offer. - EPC price : within 2% of the model's EPC and equipment cost. - EPC schedule : fits the construction months in the model. - Yield (P50) : the model no more than 1% above the yield study's P50. - Insurance cover : the sum insured covers capex. - Permit : still valid at COD. - Roof lease : at least as long as the PPA. - Grid letter received and O&M agreement uploaded.
On a funder's deal, the checks read the documents the developer shows you in an unlocked shared room, and compare them with the figures the developer published on the Deal Marketplace, never the developer's private model.
Steps: review the checks
1. Open a deal, click Documents , then Document checks . 2. Use the tiles to filter: Mismatch (needs a decision), Check (close, worth a look), Matches and Not read yet (a document the rules expected but SolarQuant has not read). 3. Click a check to see the document value, where it came from (file and clause or page), and the value it was compared with. 4. Click See the 13 rules to read every rule.
Steps: resolve a mismatch
1. Ask someone to fix : creates a task linked to the check for a team member. 2. Accept with a note : say why it is fine, for example "The PPA was signed at 75%; the model moves at the next run". The check then shows as accepted with your reason. 3. Update the model : open the Financial Model, change it, choose Done, I updated it , then click Run checks again .
Use Undo to take back a choice. If the compared values change later, the check runs again and your earlier choice is cleared.
When a committee records an approval with conditions, open mismatches are offered as conditions From document checks .
Related articles
Deal documents and how SolarQuant files them; Decisions and memos.