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APP has a proven track record in providing Financier’s Engineer/Representative services for major infrastructure projects. Typical Services that we provide as a Financiers Engineer include:
- Discharge the functions as contemplated by Syndicated Facilities Agreement.
- Recommend appropriate contingency allowances.
- Review information provided by the Borrower based on the Progress Certificate to support a withdrawal notice.
- Reviewing the Cost to Complete requirements.
- Comment on the progress of construction such that it can be reasonably expected that Completion will occur by its Target Date.
- Confirming our satisfaction with the accuracy and completeness of monthly construction reports.
- Providing advice in relation to sufficiency of the Maintenance and Repair Reserve Accounts.
- Provide advice to the Agent concerning whether an Event of Default under the D&C contract can be cured within any applicable time period.
- Provide advice to the Agent concerning any reduction, delay or set off of a payment of liquidated damages or settlement of any other claims the D&C Contractor, the PPP Cos, etc.
- Request and receive information from the O&M Contractor relating to the O&M Contractor’s work under the O&M Contract which the Agent or the Financier’s Engineer reasonably requests.
- Comment on, cost claims arising from variations (including the undertaking of additional works) or any other event allowing for an increase in costs.
- Advise and keep the Agent informed of any Projects issues that may affect the funding tests contained in the conditions precedent.
- Confirm that relevant and required insurances are maintained during currency of the D&C Contract.
- Provide commentary on any industrial relations issues, or any other disputes and the likely effect on construction and means of resolution in process or intended.
- Provide commentary on the progress of potential or actual disputes between the Client and the D&C Contractor or the State and notify the Agent of any developments and risks associated with such disputes.
- Provide advice in relation to the identification of Defects.
- Provide commentary on any change of material subcontractors.
- When required, commentary that the relevant D&C Bonds and other bank security can be reduced or released.
- Comment on the contents of any Modification Proposal or Modification Notice.
- Commentary on any Force Majeure Event(s), the likely impact on the Projects program and any costs implications.
- Commentary regarding any extension of time events.
- Confirm that the remaining D&C Bonds are to be released following sign off that Defects have been satisfactorily rectified and verify that any Defects have been repaired.
Associated services
- Audit Services
- Independent Certifier
- Independent Technical Engineer
- Independent Verification
- Cost Certification & Advice
- Design Review/Certification
- Review O&M
- Program Analysis