{
  "meta": {
    "publication": "Acquidex Intelligence",
    "docId": "AQX-IR-JAN-2026Q2",
    "vertical": "Janitorial",
    "period": "Q2 2026",
    "sampleWindow": "Q2 2026 public market-rate sweep",
    "lastUpdatedISO": "2026-07-14",
    "sourceUrl": "https://acquidex.com/intel/janitorial/atlas/q2-2026/diligence",
    "methodology": "Acquidex v1.0",
    "itemCount": 4,
    "severityCounts": {
      "critical": 2,
      "high": 2,
      "medium": 0
    },
    "disclaimer": "Informational only. Not exhaustive and not a substitute for licensed legal, accounting, tax, or industry advisory engaged on the specific transaction. Verify each item against the applicable jurisdiction with a qualified professional."
  },
  "items": [
    {
      "index": 1,
      "severity": "critical",
      "pillar": "earnings-quality",
      "pillarLabel": "Earnings Quality",
      "category": "Labor normalization",
      "title": "Reconcile site roster to payroll",
      "whyItMatters": "Labor is the largest earnings-quality swing factor.",
      "whatToCheck": "Site schedule · payroll register · overtime · workers compensation class codes"
    },
    {
      "index": 2,
      "severity": "critical",
      "pillar": "transferability",
      "pillarLabel": "Transferability",
      "category": "Contract transfer",
      "title": "Read every major customer contract",
      "whyItMatters": "Termination rights and renewal dates determine revenue durability.",
      "whatToCheck": "MSA · scope of work · renewal clause · price escalator · assignment clause"
    },
    {
      "index": 3,
      "severity": "high",
      "pillar": "pricing",
      "pillarLabel": "Pricing",
      "category": "Unit economics",
      "title": "Build customer-level gross margin",
      "whyItMatters": "Blended margin hides underpriced sites.",
      "whatToCheck": "Revenue by account · labor hours · supplies · travel time · supervisor allocation"
    },
    {
      "index": 4,
      "severity": "high",
      "pillar": "transferability",
      "pillarLabel": "Transferability",
      "category": "Management depth",
      "title": "Verify supervisor coverage",
      "whyItMatters": "Owner-dispatched operations are less transferable.",
      "whatToCheck": "Supervisor roster · escalation logs · inspection checklist · customer complaint history"
    }
  ]
}