117:
22:
63:
247:, is a term often given to the engineering representative of the lender, or financier, of a large capital project. The key is to be independent so that opinions on the technical aspects of the project are not biased either in favor of the lenders or the developer/owners. To maintain independence, the independent engineer is typically selected by the lender but paid by the developer/owner.
259:, off-take agreements, long-term service agreements, and O&M agreements. An independent engineer will review the technical inputs (output, efficiency, O&M expenses, availability, etc.) to the financial model used by the lender and the developer/owner to justify the financing of the project.
250:
The role of the independent engineer is to conduct an independent technical assessment of a project or technical due diligence. The qualifications of an independent engineer are unusual in that in addition to understanding the engineering aspects of a project, the independent engineer must also be
267:
While the role of an independent engineer is similar to an owner's engineer, they are distinctly different. An independent engineer will deal with the lenders and legal counsel on a regular basis to evaluate the financial health of the project as well as the technical aspects. Conversely, an
87:
268:
owner's engineer more often deals directly with the engineer of record, the constructor, and equipment suppliers with a focus on ensuring that the technical details of the project meet the specifications.
252:
251:
well versed in the business aspects of project financing. This includes the assessment of the technical aspects of major contracts such as
189:
161:
77:
138:
35:
168:
175:
226:
208:
49:
146:
347:
342:
157:
142:
41:
256:
127:
182:
131:
92:
8:
73:
336:
82:
116:
310:
Monitoring of equipment and material compliance with specifications
271:
Typical scopes of work for an independent engineer often include:
62:
316:
Project completion review and completion certifications
284:
Assessment of project participants and the project site
299:
Review of the technical inputs to the financial model
334:
278:Project reviews to support project financing
145:. Unsourced material may be challenged and
50:Learn how and when to remove these messages
324:Annual operational and maintenance review
227:Learn how and when to remove this message
209:Learn how and when to remove this message
307:Budget tracking and draw certifications
335:
275:Fatal flaw and/or technology reviews
143:adding citations to reliable sources
110:
56:
15:
13:
14:
359:
293:Operations and maintenance review
31:This article has multiple issues.
281:Review of the engineering design
262:
115:
61:
20:
39:or discuss these issues on the
1:
328:
313:Schedule and budget analysis
290:Contract reviews (non-legal)
7:
321:Performance test monitoring
10:
364:
304:Construction monitoring
257:power purchase agreement
348:Engineering occupations
343:Construction management
76:, as no other articles
158:"Independent engineer"
296:Environmental review
241:independent engineer
139:improve this article
243:, also known as a
95:for suggestions.
85:to this page from
287:Technology review
245:lender's engineer
237:
236:
229:
219:
218:
211:
193:
109:
108:
54:
355:
232:
225:
214:
207:
203:
200:
194:
192:
151:
119:
111:
104:
101:
90:
88:related articles
65:
57:
46:
24:
23:
16:
363:
362:
358:
357:
356:
354:
353:
352:
333:
332:
331:
265:
233:
222:
221:
220:
215:
204:
198:
195:
152:
150:
136:
120:
105:
99:
96:
86:
83:introduce links
66:
25:
21:
12:
11:
5:
361:
351:
350:
345:
330:
327:
326:
325:
322:
319:
318:
317:
314:
311:
308:
302:
301:
300:
297:
294:
291:
288:
285:
282:
276:
264:
261:
235:
234:
217:
216:
123:
121:
114:
107:
106:
93:Find link tool
69:
67:
60:
55:
29:
28:
26:
19:
9:
6:
4:
3:
2:
360:
349:
346:
344:
341:
340:
338:
323:
320:
315:
312:
309:
306:
305:
303:
298:
295:
292:
289:
286:
283:
280:
279:
277:
274:
273:
272:
269:
263:Scope of work
260:
258:
254:
253:EPC contracts
248:
246:
242:
231:
228:
213:
210:
202:
191:
188:
184:
181:
177:
174:
170:
167:
163:
160: –
159:
155:
154:Find sources:
148:
144:
140:
134:
133:
129:
124:This article
122:
118:
113:
112:
103:
94:
89:
84:
80:
79:
75:
70:This article
68:
64:
59:
58:
53:
51:
44:
43:
38:
37:
32:
27:
18:
17:
270:
266:
249:
244:
240:
238:
223:
205:
196:
186:
179:
172:
165:
153:
137:Please help
125:
97:
71:
47:
40:
34:
33:Please help
30:
100:August 2024
337:Categories
329:References
169:newspapers
91:; try the
78:link to it
36:improve it
199:June 2017
126:does not
81:. Please
42:talk page
183:scholar
147:removed
132:sources
185:
178:
171:
164:
156:
74:orphan
72:is an
190:JSTOR
176:books
162:news
130:any
128:cite
239:An
141:by
339::
255:,
45:.
230:)
224:(
212:)
206:(
201:)
197:(
187:·
180:·
173:·
166:·
149:.
135:.
102:)
98:(
52:)
48:(
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
