Question

When reviewing project execution and non-fund-based credit facilities, which of the following conditions represents an Early Warning Signal (EW

  • S in a borrower's account?
A Project completion achieved strictly within the original estimated budget
B Issue of Letters of Credit (LC) and Bank Guarantees (BG) with onerous/unfavorable clauses
C Stable scope of work without frequent engineering design changes
D Installation cost of the project being identical to standard industry benchmarks
E Timely submission of Chartered Engineer progress certificates
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