INDEPENDENT ENGINEER
A typical scope of work for Merlin Associates as Independent Engineer in support of Project Financing is shown below. This scope of work includes most of the possible options which we have been requested to provide. Not all projects have included all of these services.

Merlin Associates will audit the proposed project facility in order to support the decision-making process for the various banks participating or considering participating in financing the project. The audit is performed as an Independent Engineer with no Merlin involvement in the outcome of the analysis nor in the actual project work. The result of the audit will be to provide a written report explaining the findings of the audit. Frequently Merlin makes presentations of the results to the Lead Bank, The Arranging Bank Group, and/or participates in Syndication meetings to other potentially interested banks at various locations around the world.

DEFINITIONS:

EPC
Engineering, Procurement, Construction contractor company designated as the Prime Contractor for project implementation.

Independent Engineer
Engineering company that will provide an independent Technical, Financial, Project Management, and Project Implementation review of the potential project.

Lead Bank
This can be the Lead Bank, a designated Lead Technical Bank from the Arranging Bank group, Agent Bank, or any coordinating financial institution designated by the Lead Bank.

Merlin Associates
Merlin

Owner/Company
The party(ies) seeking to obtain Project Finance.