Lender's Independent Engineer is appointed by the lending party like the banks, or the financial institutions or the investors, who monitors the project's implementation at various stages of the work. This is done by doing visits to project sites at regular intervals, and by monitoring it closely.
The LIE appointed by the lenders, studies the stage wise development on the projects, and give assurance that the milestones are reached effectively. In doing so, the problem areas are noted, growth charts, drawdown schedules and implementation schedules are studied, necessary vital monitored and the project is overall reviewed from the point of view of the lender. LIE also ensures that the relevant statutory permissions for the project are in place.