> For the complete documentation index, see [llms.txt](https://blueprint.builtbydao.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://blueprint.builtbydao.com/execution/phase-3-scouting.md).

# Phase 3 — Scouting

`Nov 2026 – Jan 2027`

{% hint style="info" %}
**Objective:** Source, underwrite, conduct due diligence on, and member-approve targets — across two parallel pipelines.
{% endhint %}

## The two pipelines

{% tabs %}
{% tab title="A — The Foundry facility" %}
The primary Year-One acquisition: the building/site that becomes the owned hub. Sourced from industrial/flex buildings near land banks and tax-foreclosed concentrations — zoned for the hub's functions (forge, yard, workshop).
{% endtab %}

{% tab title="B — Feedstock & output sites" %}
A separate, ongoing pipeline: **deconstruction-source buildings** (material recovery) + **development/construction sites** (the housing and commercial space the hub will build). Sourced from city land banks / county inventory, distressed/vacant listings, and member-sourced leads. A **Reclamation Screen** scores deconstruction candidates on adaptive-reuse + material-recovery value.
{% endtab %}
{% endtabs %}

## Workstreams

* **3.1 Sourcing** — facilities + both feedstock pipelines; the Reclamation Screen on deconstruction candidates.
* **3.2 Underwriting** — facility model (acq + buildout + equipment + runway) against the per-hub budget; pipeline-B properties against the development pro forma incl. reclamation credit.
* **3.3 Due diligence** — title · zoning/entitlement (industrial use for the hub) · structural · environmental · utilities.
* **3.4 Governance vote** — members vote on the hub site + development locations (on-chain). The lead city votes first.
* **3.5 Offer prep** — LOIs/offers; negotiation strategy.

## Inputs → Outputs

| Inputs                                      | Outputs / artifacts                                                                              |
| ------------------------------------------- | ------------------------------------------------------------------------------------------------ |
| Site criteria, Foundry briefs, capital plan | Per-city shortlist (facility + pipeline-B), underwritten + DD-cleared + voted · **offers ready** |

## Exit gate · KPIs · risks

* **Exit gate:** each greenlit city has its **hub facility locked** with clean DD + offer ready; the lead's facility prioritized.
* **KPIs:** facilities sourced · underwriting pass rate · DD clearance · days-to-shortlist · reclamation value identified.
* **Risks:** industrial inventory scarcity/price · zoning/use friction for hub functions (forge, yard) · DD surprises · vote stalls.

{% content-ref url="/pages/gYYicdkGG9rjnQwhTM2A" %}
[Phase 4 — Acquisition](/execution/phase-4-acquisition.md)
{% endcontent-ref %}


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