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Engineering Services

TEV Report

Techno Economic Viability (TEV) Study provides an appraisal of technological parameters of projects and its impact on the financial viability of projects. A TEV study is a risk mitigation exercise undertaken by banks and financial institutions prior to decision taken by a bank or financial institutions on its lending decisions for projects. No project can be absolutely risk less and hence the analysis of the degree of technical risk and associated financial viability, through a Techno-Economic Viability Study (TEVS) is to assist lenders take a view on the acceptability of the degree of risk involved in a project.

Cost Vetting Report

The process of Vetting involves a careful and critical examination.
To get financial support for any project the developer submits a project report to the lender/financial institution. The lender before approving the debt wants to ascertain the reasonableness of the cost estimates of various components of the project.
We provide the service of assessing the cost of the project and vet the same for the lender on an independent basis.

The concept of lender’s engineer was developed to primarily safeguard the interests of the lenders (banker/financial institution/investor) to ensure that the risk of the lender is minimized. This is achieved by the lender’s engineer by monitoring the project techno-commercially and to ensure its timely completion, within projected cost & quality. While doing regular factual reporting from site, the lender’s engineer also monitors the proper utilization of funds .

We offer following services as Lender’s Engineer:-

  Vetting of Various Project Cost Components
  Valuation of work completed
  Monitoring / reporting / certifying the project completion activities and progress
  Ensuring judicious utilization of Funds
  Checking of all pre/post approvals
  Liaisoning between Lender & Borrower
  Assessing likely risks and suggesting remedial measures
  Monitoring implementation of environment norms/Government regulations
  Verifying Payments being made as per schedule
  Ensuring safety aspects at site
  Ensuring Quality assurance and /or Quality control at site

Project / Technical Audit

A project audit provides an opportunity to uncover the issues, concerns and challenges encountered in the execution of a project. It affords the project team an interim view of what has gone well and what needs to be improved with the project to successfully complete it. 

               Ensuring proper documentation of General details of work 
               Vetting of Tender /Projected Items, quantities and Rates
               Validating Construction as per plan, drawings
               Reviewing Deviation in quantities of items – Including Abnormally high/low rate items.
               Reconciliation of Extra & substituted items
               Confirming issue of materials w.r.t. theoretical quantities
               Assuring proper Payment to contractors
               Ensuring safety aspects at site
               Ensuring Quality assurance and /or Quality control at site