Lender’s Engineer
We offer the following specific services as Lender’s / Independent Engineer:-
Phase I : Project Review and Assessment
-
- Review and certify the land requirement
- Plant design requirements
- Design of project facilities
- EPC contract
- Construction schedule
- Total project cost estimate
- Drawdown schedule
- Review performance guarantees
- Review performance testing criteria
- Operations & Maintenance (“O&M”) arrangements
- Operating & Maintenance cost estimate
- Water supply
- Consistency of project documentation
- Review of permits and licences
- Work product
Phase II : Construction Monitoring
-
- Monitoring the project to ascertain timely completion.
- Attending monthly project review meetings
- Reviewing progress of design effort
- Reviewing progress of overall procurement progress
- Reviewing work plans and quality control procedures
- Conducting monthly on-site visits to ensure project schedule and agreed design concepts
- Ensuring safety aspects at site.
- Reviewing the contractor’s monthly loan requisition requirement
- 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 between Lender and Borrower.
Phase III : Performance Testing
-
- Review test procedures
- Monitor overall plant performance tests
- Review test reports
- Ensure Compliance with health, safety and other regulatory requirements
- Certification of performance test results
- Certification of commercial operation date of project
Phase IV : Annual Operational Review
-
- Review O&M manuals
- Review O&M training program
- Review O&M quarterly report issued by the operator
- Review budget and actual expenditure
- Conduct periodic site visits to assess overall operation, comment on slippages and recommend remedial measures in case of performance deterioration.