Glossary

Independent Technical Consultant

By November 3, 2021No Comments

A due diligence adviser working generally on behalf of the lenders in a project finance transaction. Also known as an Independent Engineer. The ITC’s costs are met by the Borrower. The scope of work of the ITC may cover only the period up to Financial Close, although lenders will wish it to cover the construction period / completion testing and also the operating period of the project.