Independent Engineer identifies lender's exposure in pipeline financing.

It is increasingly important for lenders and borrowers alike tofully understand the risks to which they are exposing themselves inpipeline project financing. This article explores the role of theIndependent Engineer (IE) in identifying and mitigating these risks andsuggests how prospective investors are able to maximize the value ofthis role during all stages of the pipeline project financing process.

The role of the IE is one of risk identification and mitigation. Today in the pipeline industry, there is often a gap between proposed project risk management best practi