Services · Any stage

Chartered Engineer Certification & Cost Vetting

Certification of cost, quantity and physical progress by Chartered Engineers, and independent vetting of project cost estimates.

Overview

What this covers

Chartered Engineer certification for customs, banks and regulators; Cost Vetting of project estimates before sanction; and certification of quantities and physical progress for drawdown. Every certificate is issued by our own Chartered Engineers on the basis of our own inspection.

Electrical substationPhoto: Subeesh Bose · Public domain · Wikimedia Commons

Deliverables

What we deliver

  • Cost vetting of capital-cost estimates against benchmarks
  • Chartered Engineer certificates for banks and customs
  • Certification of quantities, progress and utilisation
  • Machinery age, condition and residual-life certification
  • Technical opinion for restructuring and one-time settlements

Approach

How we work

  1. 01

    Brief

    Scope and the certificate’s intended use are agreed.

  2. 02

    Inspection

    Our Chartered Engineers inspect and measure.

  3. 03

    Vetting

    Costs and quantities tested against independent benchmarks.

  4. 04

    Certificate

    Signed certificate and supporting workings.

Typical triggers

When certificates and cost vetting are required

01

Before sanction

Independent vetting of the promoter’s capital-cost estimate against vendor quotations and benchmarks, so that the sanctioned limit is neither inflated nor short.

02

During drawdown

Certification of quantities, physical progress and utilisation of funds against each disbursement request.

03

Customs, courts and regulators

Chartered Engineer certificates on the age, condition, value and residual life of imported or second-hand machinery.

Track record

Selected mandates

Renewable Energy

Serentica Renewables India (KKR & Vedanta Group)

₹4,600+ Cr

Techno-Economic Viability study across two locations covering 152 MW wind, 500 MW solar and 600 MW of battery energy storage.

TEV Study

Infrastructure

Afcons Infrastructure

₹15,000 Cr

Project Monitoring Agency across ten concurrent national mandates including the Nagpur–Mumbai Expressway, Delhi–Meerut RRTS, the Rohtang Pass tunnel and the Mumbai–Pune Missing Link.

Project Monitoring

Construction

Shapoorji Pallonji

₹13,730 Cr

Project Monitoring Agency across ten construction projects including CIDCO Navi Mumbai, MHADA and the Karwar Naval Base.

Project Monitoring

Insights

Related insights

Questions

Frequently asked

Who signs the certificate?

A Chartered Engineer of the Institution of Engineers (India) employed by the firm, on the basis of an inspection by our own staff.

What does cost vetting cover?

Every line of the capital-cost estimate: civil works, plant and machinery, erection, utilities, pre-operative expenses, contingency and interest during construction, each compared with quotations and benchmarks.

Can you certify second-hand imported machinery?

Yes. Certificates cover the year of manufacture, condition, remaining useful life and value, in the format accepted by customs authorities and banks.

How quickly can a certificate be issued?

Typically within a week of inspection for a single site, subject to the documents being available.

Enquire

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