The lender’s engineer (LE) is a representative of lending institutions such as banks and NBFCs.
What we do as Lenders Engineer
Study the technical feasibility of the project.
To identify, mitigate and limit the lending institutions risks with regards to the technical aspects of construction.
To do detailed review of project, based on the correct information and review of construction risks.
We also study the risk involved in the projects as below
The developer’s potential inability to service the debt.
The potential misuse of funds for the purpose other than allocated for.
Construction progress not keeping pace with disbursement.
Our Scope of work includes
Project site visits.
Review of technical documents and keep record.
Review of various project documents including land documents/ permits/Licenses/Approvals as applicable, contracts and technical documents etc.
Lender engineer report submission to Lenders and Developers.