Nirmaan - Lender’s & Investor’s Engineer Services

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Lender’s & Investor’s Engineer Services

Financial Institutions appoint Lenders’ Engineer (“LE”) to monitor & provide an independent review of the progress of the sanctioned projects. LE plays a key role in identifying and mitigating risks in sanctioned projects and to safeguard the interests of the lending institutions (banks/ financial institution/ investor).

LE is required to visit the project site at regular intervals and to provide a complete assessment of project and to appraise the lending institutions about following:

Physical progress of the project activities
Estimated expenditure towards the project against observed progress
To judge and report the quantum of finance actually being contributed and used on the project, so that the misuse of funds can be avoided
To verify whether the borrower’s obligations under project related licensing agreements are complied with
To review & comment on various Statutory Approvals and Clearances.
To verify whether physical progress is in line with project implementation schedule and forecasted project timelines
To review the drawdown schedule for the planned project activity

LE is also required to check the availability of necessary infrastructure and suitability of the borrowers’ organization and operational readiness of the project under execution. This may also be extended to verification of the completed project and commissioning of any industry.

Our professionals possess the complete set of techno-commercial and financial management skills to provide the required insight into the lending and utilization process.