Construction lenders’ technical advisory services play a critical role in ensuring successful and timely delivery of projects by providing expert guidance and oversight to lenders financing construction projects.
Below are the key fundamentals based on our practices for providing technical consulting services:
- Roles and responsibilities: Our technical lender consultants act as a liaison between lenders, investors, municipalities and project stakeholders to assess costs, risks and schedules. Our primary responsibility is to help the Client ensure timely provision of financing, progress of the project by assessing all aspects of asset development and providing independent advice to make sound investment decisions.
- Selection process: We fully recognize that selecting a lender technical consultant involves careful evaluation of experience, reputation, quality and competitive pricing. Our consultants work collaboratively with lenders and project developers to provide technical expertise in areas such as contractual, engineering, environmental and social issues. Our advisors’ role goes beyond technical aspects to include environmental and social monitoring to effectively mitigate risks.
- Risk mitigation: Our lender technical consultants play a key role in identifying and mitigating the risks associated with construction projects. We conduct qualitative assessments of key risks related to cost, program, operations, environmental factors, health & safety, approvals and licenses. By presenting technical due diligence reports and offering advice on design, timescales, contracts, permitting, risk management and cost control, we help the Client create investor wealth while ensuring consistent project performance.
- Project stages: Our technical lender consultants are involved in various project stages such as due diligence, pre-finance closing, construction financing and operational financing. We provide support throughout the investment lifecycle, identifying potential risks at an early stage, recommending mitigation strategies, collaborating with Investor teams to address key risks and ensuring that all parties meet their contractual obligations to ensure successful project delivery.
- Expertise and support: Our consultants offer technical guidance in design development, infrastructure testing, implementation of management systems and procedures, risk assessment to control costs and planning operations. Our experience covers a wide range of areas including project bidder review, EPC contract evaluation, design scheme review, construction program evaluation, operation and maintenance proposal review, and others. We provide reliable advice on technical design elements, with a focus on risk mitigation throughout the project lifecycle.
Our technical lender advisory services play an important role in protecting investments in construction projects by providing expert advice on technical issues, risk assessments, mitigation strategies and ensuring successful delivery of projects within budget and schedule constraints.
To find out more, please contact us at info@ek-innovative.com to receive information from experts competent in the respective field.