Lenders Independent Engineers
The role of a Lender’s Engineer is to verify the physical status of work being implemented on the site; and to judge and report the quantum of finance actually being contributed and used on the project. These services assure the lender against misuse of funds.
Lender’s Engineer was appointed primarily to safeguard the interests of the lenders (banker/financial institution/investor) to ensure that the risk of the lender is minimized. This can be achieved by appointing an experienced engineer to monitor the project and achieving the timely completion, maintaining the cost and its budget, ensuring the quality of material and workmanship. While doing a regular factual reporting from site, the Lender’s Engineer monitors the proper utilization of funds too.
Lenders independent engineering services include: