The Lenders Engineers (LE) is a representative of lending institutions such as banks and NBFCs.
To audit projects from a technical standpoint.
To identify, mitigate and hedge the lending institution's risks with regards to the technical aspects of construction.
To do a detailed review of projects, based on the correct information and reviews of construction risks.
The developer's potential inability to service the debt.
The potential use of the funds for purposes other than what they were allocated for.
Construction progress not keeping pace with disbursement.
Lenders Engineers inputs can help developers to present a more accurate and convincing picture of the projects progress at construction control meetings.
Lenders Engineers inputs can help developers to ensure risks like labour availability, uncovered project costs, overall specification compliance and normal project costs can be identified in time for more efficient project development.
These inputs can have a significant impact on social factors like environmental, health and safety practices for which an impartial guidance is required on these concerns.
Lenders Engineers inputs help developers to reduce project failures due to various reasons as listed below.
Project Site Visits
Review of technical document and store records at site
Review of various project documets
LE report submission to Lenders and Developer