LIE Engineers
The role of Lender`s Engineer in developer loan approvals. A knowledgeable, involved and neutral Lender Engineer can bring tangible and definite advantages that go beyond the stamp of approval to the developer`s table.
Role of Lenders Engineer
Increasingly Important Function The lender`s engineer (LE) is a representative of lending institutions such as banks and NBFCs. His function is to audit a project from the technical standpoint when a developer seeks funding for it. This is a process which risk/compliance teams have, over time, hard-wired into funding proposals by developers.
The obvious intention behind this requirement is to identify, mitigate and hedge the lending institution’s risks with regards to the technical aspects of construction. The key risks include: – 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 Currently, the RBI has not mandated any regulations in this regard.
The requirement of a Lender’s Engineer is a factor of the risk and compliance parameters of individual lending institutions. To safeguard the interests of all concerned, lenders have to ensure that the appointed LE has performed a sufficiently detailed review, provided the correct information and reviewed all the construction risks.
Why Rajdeep Advisory as LE’s?
Rajdeep Advisory is the most excellent as lenders Independent Engineers in Indian corporate markets, a position as LE’s we have held for over seven years completed very successfully.
- Understanding of the Projects planning, Time line and project deliverables with respect to project planning and scheduling of the projects.
- We recognized as world leader in terms of technical and commercial ADVISORY by means LE’ Engineers TEAM.
- Lender’s Leader and ability to resolve issues of commercial as well as technical risks both.
- Strong technological background and Team spirit to execute the projects.
- System based project control and monitoring tools adoption while working as LE’s.
- Realistic input to stake holder’s interest in terms resources management, safety and security QA/QC and cost control, billing and certification etc.
- Smooth completion of the any projects without overrun project cost and budget.
We are working with export credit agencies and IFIs. We have a long history and passion for international development work spanning over 8 years long period , and act as LE’s to projects funded by major international financial institutions (IFIs) and investment banks.
Our expertise of export credit agencies’ key issues, sensitivities and information requirements, means that we are ideally placed to provide the necessary assurance to secure development bank funding.
Our core served Industries
Industries: We have undertaken LE’s services for many sectors for small medium and large scale industries are as under:
- Oil and Gas sector industries and pipeline projects
- Refinery and Petrochemicals
- Pharmaceuticals and Chemical
- Steel Engineering and Infrastructure
- Printing and textile
- Power and
- Energy and wind farm Industries
- Water and waste water
- Motor vehicles
- Mining and Quarrying
- Earthmoving and Construction
- Electronics
- Plastics
- Forestry
- Health Care
- Trucks and Trailers
- Wood working and Joinery etc
- Fertilizers
- Pharmaceuticals
- Machinery
Developers should use LE professional project development and monitoring services, which bring in best practices on
processes, and the increased efficiency in the development process always leads to a better product.
Also, identification of risks before hand will help to achieve better planning and early value engineering, which subsequently
leads to savings up to 10% on the project costs.