Services · Disbursement
Lenders’ Independent Engineer and Project Monitoring Agency: site inspection, milestone verification and fund-utilisation tracking, reported monthly.
Overview
As Lenders’ Independent Engineer we monitor construction on the lender’s behalf: physical site inspection, verification of milestone completion, certification of fund utilisation against claimed progress, and monthly reporting on delays, cost overruns and diversion risk — while they are still correctable.
We act as LIE and Project Monitoring Agency for portfolios of up to ten concurrent projects, including mandates of ₹15,000 crore for Afcons Infrastructure and ₹13,730 crore for Shapoorji Pallonji.
Deliverables
Approach
Approved schedule, budget and drawdown plan are fixed as the reference.
Physical progress verified on site by our engineers.
Drawdown requests certified only against work actually done.
A monthly report the credit team can act on, with a clear flag list.
Typical triggers
Appointment as Lenders’ Independent Engineer written into the sanction terms, so that the first disbursement is certified against drawings, contracts and schedule.
One agency for a contractor’s or developer’s full book, such as ten concurrent Afcons contracts or 36 DHFL-financed projects, with a single reporting format.
A project already under construction where progress, cost-to-complete or fund utilisation needs independent verification before further drawdown.
Track record
Renewable Energy
Techno-Economic Viability study across two locations covering 152 MW wind, 500 MW solar and 600 MW of battery energy storage.
TEV StudyInfrastructure
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 MonitoringConstruction
Project Monitoring Agency across ten construction projects including CIDCO Navi Mumbai, MHADA and the Karwar Naval Base.
Project MonitoringInsights
What a Lenders’ Independent Engineer actually does after sanction — the initial review, monthly site reports, drawdown certification and…
What an LIE actually verifies on site, what monthly reporting should contain, and how cost overrun and fund diversion are caught early.
PMA versus LIE, what portfolio monitoring for a housing-finance company or an EPC contractor involves, and the reporting that keeps a large…
Questions
Monthly as standard, with dated and geotagged photographs in every report. Frequency increases around major milestones or where a project has been flagged.
Physical progress against plan, an S-curve, cost incurred and cost-to-complete, certification of the drawdown request, a variation and claims register, quality observations and early-warning flags.
Yes. The firm currently monitors portfolios of up to 40 projects for a single lender, with one point of contact and consolidated reporting.
Yes. Each drawdown request is reconciled to physical progress on site and to the contracts and bills behind it before we certify it.
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