Retainer product launched…
Outsourcing your E&S due diligence to Innovativkonzept
Based on our experiences from “within” the banking world as well as from hundreds of E&S audits “outside” in the field, our clients have started to fully outsource their E&S due diligence and E&S monitoring of their investment projects to us.
- Retainer product
- Outsourcing E&S services
Client: Financial institutions in Africa, Latin America and Asia
Project cost: Monthly fees
Time: Since 2013
Service segment: Tailor made services
What we do
This includes the revision of all related project documents, site visits, preparation of E&S action plans, negotiations with the management of the credit taker, consultants, authorities, NGOs and other investors, formulation of internal E&S review summaries and accompanying legal clauses, E&S monitoring of portfolio companies.
Recognising the fact that such a cooperation demands a much higher degree of mutual trust than a normal client / consultant relationship, so far three outsourcing contracts have been signed with a financial institutions from Africa, Latin America and Asia (retainer contract). The retainer contracts allow that IK reserves a to-be-defined amount of man-days for the client against a fixed monthly fee. During these days, IK will – based on agreed terms of reference – carry out all necessary ESDD tasks on behalf of our client.