This is achieved by the holistic monitoring the project to ensure its timely completion, within cost & of requisite quality. While doing regular factual reporting from the project site, the Lender’s Engineer also monitors the proper utilization of the funds.
As Lender`s Engineer (LE) we wish to provide various safeguarding services as representatives of Lending Institutions such as Banks, NBFCs, Investors etc. Our function is to audit a Project from the Techno-Commercial standpoint when a developer seeks Financing for it. In this process Risks / compliance which Teams have; over time, are hard-wired into funding proposals for Developers.
We offer the following specific services as Lender’s Engineer :-
Techno-Commercial feasibility studies / due-diligence, analysis and valuation.
Capability assessment of the entities involved in the project execution.
Assessment of the mechanized construction equipments & plants proposed for the project.
Monitoring the project planning & execution to ascertain timely completion.
Providing regular feedback about progress of the work and proper utilization of funds.
Suggesting possible remedial measures to avoid / reduce time and cost overruns.
Providing support in resolving disputes.
Liaising between the Lender and the Borrower.
Ensuring Safety, Quality assurance and /or Quality control at site.
