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Independent Engineer
An independent engineer, also known as a lender's engineer, 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. 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 well versed in the business aspects of project financing. This includes the assessment of the technical aspects of major contracts such as EPC contracts, power purchase agreement, off-take agreements, long-term service agreements, and O&M agree ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EPC Contracts
EPC may refer to: Government and politics * Eastern Provincial Council, in Sri Lanka * European Policy Centre, a Belgian think tank * European Political Community (1952), a former political organization proposed in 1952 * European Political Community (2022), a new initiative pioneered by Emmanuel Macron * European Political Cooperation, a form of European Union foreign policy coordination Law * Equal Protection Clause, of the Fourteenth Amendment to the United States Constitution * European Patent Convention, a multilateral treaty based on which European patents are granted Science and technology * Asus Eee PC, a line of netbook computers * Early Prostate Cancer programme, a clinical programme of bicalutamide monotherapy for prostate cancer *Electronic Parts Catalogue * Electronic Product Code * Endothelial progenitor cell * Energy Performance Certificate * × Epicattleya, × ''Epicattleya'', an orchid genus * Evolved Packet Core, part of the System Architecture Evolution, i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Power Purchase Agreement
A power purchase agreement (PPA), or electricity power agreement, is a contract between two parties, one which generates electricity (the seller) and one which is looking to purchase electricity (the buyer). The PPA defines all of the commercial terms for the sale of electricity between the two parties, including when the project will begin commercial operation, schedule for delivery of electricity, penalties for under delivery, payment terms, and termination. A PPA is the principal agreement that defines the revenue and credit quality of a generating project and is thus a key instrument of project finance. There are many forms of PPA in use today and they vary according to the needs of buyer, seller, and financing counter parties. Contractual terms of a PPA may last anywhere between 5 and 20 years, during which time the power purchaser buys energy, and sometimes also capacity and/or ancillary services, from the electricity generator. Such agreements play a key role in the financin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Owner's Engineer
An owner's engineer, also known as the client's engineer, is a term often given to the representative of the commissioning company of a construction or engineering project. Most often an owner's engineer is a subcontracted role; undertaken to protect the owner's interests by ensuring that the technical and build contractors are adhering sufficiently to the project specification. Owner's engineers also fill gaps in resources and expertise for a project. Project management function Ordinarily, the role is separate from a project manager's role, as this often involves overseeing the technical and commercial due-diligence aspects of the works. Owners engineers are usually a "third party" overseeing the executing parties activities throughout the project life Functions often include: * Project evaluation, feasibility, and planning reviews * Contract reviews (non-legal) * Monitoring of construction progress * Monitoring of equipment and material compliance with specifications * Engin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Owner's Engineer
An owner's engineer, also known as the client's engineer, is a term often given to the representative of the commissioning company of a construction or engineering project. Most often an owner's engineer is a subcontracted role; undertaken to protect the owner's interests by ensuring that the technical and build contractors are adhering sufficiently to the project specification. Owner's engineers also fill gaps in resources and expertise for a project. Project management function Ordinarily, the role is separate from a project manager's role, as this often involves overseeing the technical and commercial due-diligence aspects of the works. Owners engineers are usually a "third party" overseeing the executing parties activities throughout the project life Functions often include: * Project evaluation, feasibility, and planning reviews * Contract reviews (non-legal) * Monitoring of construction progress * Monitoring of equipment and material compliance with specifications * Engin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Construction Management
Construction management (CM) is a professional service that uses specialized, project management techniques and software to oversee the planning, design, construction and closeout of a project. The purpose of Construction management is to control the quality of a project's scope, time / delivery and cost—sometimes referred to as a project management triangle or "triple constraints." CM is compatible with all project delivery systems, including design-bid-build, design-build, CM At-Risk and Public Private Partnerships. Professional construction managers may be hired for large to jumbo-scale, high budget undertakings (commercial real estate, transportation infrastructure, industrial facilities, and military infrastructure), called capital projects. The role of a contractor Contractors are assigned to a construction project during the design for a constructibility review or once the design has been completed by a licensed architect or a licensed civil engineer. This is done by go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
