Review of the Project or Technical Appraisal - At the time of TEV study undertaken, on behalf of the Lenders, the Project is generally at quotation stage and the Project Cost is worked out of base of quotations. However, by the time of the first draw-down, the Companies would have signed firm contracts or release purchase order of most of the components of the Project Cost. These are reviewed by LIE and the Project Cost is firmed up further as part of the Project Appraisal and the final implementation schedule is presented. The Technical Cost finalized as part of the Technical Appraisal is considered as the benchmark for monitoring of the implementation works.

Implementation Monitoring Services – Implementation Monitoring Services is a bi- monthly/ quarterly/ half yearly services which primarily involves the monitoring of the implementation of the Project and the outflow of the capital investment. LIE visit the site and review the physical progress on the site vis-à-vis the finalised implementation schedule. The physical progress of the Project is co-related with the financial progress and a monitoring report, with draw-down certificate is issued.

Certifying the Project Completion – Once the Project reached the trial run stage, the LIE is responsible for overseeing the trial run and commissioning of the Project. When the commencement of commercial operations is finally achieved for the Project, the LIE certifies the same and submits a Project Completion Certificate.

Geographical Coverage

NITCON has delivered Technical consultancy assignment across all Geographical Locations in India, some latest assignments were delivered in states/UT’s as

Punjab, Uttar Pradesh, Uttrakhand, Rajasthan, Himachal Pradesh, Delhi, Haryana, Odisha, Maharashtra, J&K, Telangana, Bihar, MP, Chhattisgarh, Assam, Nagaland, West Bengal, Puducherry, Kerala, Karnataka.