Lenders Engineering Services
The lender`s engineer (LE) is a representative of lending institutions such as banks and NBFCs. His function is to audit a project from the technical standpoint when a developer seeks funding for it.
This is a process which risk/compliance teams have, over time, hard-wired into funding proposals by developers.
The obvious intention behind this requirement is to identify, mitigate and hedge the lending institution’s risks with regards to the technical aspects of construction.