Managing the SPV and coordinating the various activities carried out by the development team of the project is a complex task that requires the engagement of a qualified and experienced expert who is familiar with all project elements and is capable of ensuring the effective implementation of the project.
Bearing in mind the structure of the project whereby the new assets created during the realization of the project are also the basic collateral from the credit risk, the lenders insist on rigorous control of its realization and compliance with all contractual obligations. Therefore, lenders give priority to independent project management who is responsible to provide:
- ORGANIZATION AND CONTROL OF ALL ACTIVITIES ON THE PROJECT which are executed by various participants: sub-contractors, technical advisers, legal counselors, insurers, accountants etc.
- TO HIGHLIGHT PROBLEMS SPONSORS HAVE NOT CONSIDERED but that must be resolved to ensure the successful project realization
- REGULAR, COMPLETE AND ACCURATE REPORTING according to contractual obligations
- MANAGEMENT OF THE PROJECT UTILIZATION after its completion and in line with the predefined plans and task