Lenders Independent Engineer Report - Purpose, method and benefits.
- resurgentindiaseo
- May 23, 2022
- 1 min read
Definition of Lender’s Independent Engineer Report.
With the financial expertise, a lender’s Independent engineer report is prepared to ensure the interest of the lender and protect them against various risks involved. This specialised service of independent engineer report is a thorough assessment of the project report. These reports are majorly required for real estate projects, SEZ, and other infrastructure projects.
The priority of an Independent Engineer Report is to provide the client with a detailed review of the proposed project’s documents and the evaluation of the technical design to validate the eligibility and other compliances of the project. Whether it is up to the mark to meet contractual expectations or not.
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