What does LIE mean? What is the full form of LIE?
The Full Form of LIE is LENDERS INDEPENDENT ENGINEER.
The Lenders Independent Engineer (LIE) is a representative of lending institutions such as banks and Non-Banking Financial Companies (NBFCs). His/her role is to audit a project from the technical viewpoint when a developer seeks funding. Risk teams have this process, some have it over time and others have it hard-wired into funding proposals by developers.
The purpose behind this requirement is the identification, mitigation and hedging the lending institution’s risks with regards to the technical aspects of construction.
LIE
means
LENDERS INDEPENDENT ENGINEER
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