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Growing the Margins Post Conference Workshop April 5,2008. Digging Into Biogas Details Finance Eric Harrop ,BMO Bank of Montreal. During Construction. Lender Financing Commitment outlines project details Each draw requires a lien search, holdback and cost estimate
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Growing the MarginsPost Conference WorkshopApril 5,2008 Digging Into Biogas Details Finance Eric Harrop ,BMO Bank of Montreal
During Construction • Lender Financing Commitment outlines project details • Each draw requires a lien search, holdback and cost estimate • Cost estimate includes the amount of original contract, changes, work done to date and work to be done, holdback calculation and advance amount • Borrowers funds go in first and if a shortfall develops borrower usually covers the shortfall • Site inspections