Technical Appraisal & Viability
Bitcon assesses whether your project’s technical, market and financial assumptions support a viable investment. We prepare TEV reports for project owners and lender review, with a defined scope, supporting analysis and clear responsibilities.
For new projects, expansions, investment decisions and lender-required assessments.
Bitcon’s experience
Founded in 2018, Bitcon brings engineering, financial analysis and project advisory together. The firm has prepared 100+ project reports across its advisory work, including TEV studies and DPRs.
Managing Director · Chartered Engineer · BEE Certified Energy Manager
Ramesh’s engineering career began in 2005. He leads work across TEV studies, DPRs, lender’s independent engineering and project management, supported by specialists relevant to the assignment.
Meet the practice leadKundalahalli, Bengaluru, Karnataka
Techno-economic viability study for the acquisition and renovation of an existing data centre building into commercial IT spaces.
View assignmentClient Oak Serenity, Mysore
Srirangapatna, Mandya, Karnataka
Techno-economic viability study for a resort development at Dodda Ankanahalli.
View assignmentShinigehalli, Mulabagal, Kolar, Karnataka
Techno-economic viability study for a high-tech, climate-controlled poultry farm.
View assignmentThe figures above are project costs, not financing arranged or disbursed by Bitcon.
NaBFID · Karnataka Bank · UCO Bank · Bank of India · Central Bank of India · Bank of Maharashtra · NABARD
Eligibility depends on the institution’s service, sector, geography, exposure limits and appointment terms. Confirm the applicable scope for your project before commissioning the report.
View scopes and letter referencesWhat you receive
The appointment sets the required coverage and format. A TEV assignment typically brings together the following work, tailored to the project and recipient.
An assessment of the location, technology, capacity, infrastructure and implementation plan, alongside demand, pricing and sales assumptions relevant to the project.
A review of major cost components, supporting quotations, contingency, working-capital needs and the proposed sources of funds, with gaps requiring clarification.
Financial projections and cash-flow schedules, with debt service coverage (DSCR), returns (IRR) and break-even analysis as relevant to the mandate. Downside scenarios test the assumptions that matter most.
Findings from the agreed site assessment and document review, with the basis of key assumptions and information still required. Site work follows the appointment and lender requirements.
The material risks, proposed mitigations and conditions supporting the viability conclusion, including limitations and unresolved matters the decision-maker needs to consider.
The final TEV report for the agreed recipient, with supporting schedules and responses to queries within the appointment terms. Report format, editable files, review rounds and support period are settled in the proposal.
Timeline & milestones
A typical TEV study takes 2–3 weeks after complete inputs. The sequence below is indicative; stages can overlap. We confirm a project-specific programme when the scope, appointment and site access are in place.
Before the timeline starts
Confirm the purpose, appointing party, lender requirements, deliverables, fee and schedule. Bitcon reviews the initial information and identifies what is needed to start.
Week 1
Review the project records, discuss the proposal with the project team and complete the required site assessment. Raise factual queries and identify missing evidence early.
Weeks 1–2
Examine technology, capacity, market assumptions, costs, funding and operating projections. Test repayment capacity and downside scenarios using the available evidence.
Weeks 2–3
Work through factual clarifications under the agreed review arrangements. Record the assumptions, limitations and outstanding conditions, then issue the report to the agreed recipient. Bitcon retains responsibility for its independent findings.
After report issue
Clarify the report and respond to agreed lender or client queries. Material changes to the project may require a revised assessment. The lender’s appraisal and sanction follow its own process.
Missing records, delayed site access, specialist studies, multiple locations, slow responses or changes in capacity, costs and funding can extend the work. We discuss their effect on the programme as they arise. Lender appraisal and sanction are separate from report preparation.
Who does what
Nominate one project contact to coordinate records and responses. The exact allocation follows the appointment; these are the usual roles.
Define the assessment scope, review evidence, conduct the agreed site work, test assumptions and prepare the report. Identify gaps, explain conclusions and respond to queries within the mandate.
Key contribution: Assessment, report and scoped clarifications.
Provide complete project information, arrange site access, nominate a contact and coordinate timely responses. Disclose material changes and arrange the project’s approvals and permissions.
Key contribution: Project brief, records, access and consolidated responses.
Supply historical financials, debt details, funding plans and operating assumptions. Explain the basis of projections and reconcile financial information requested during the assessment.
Key contribution: Financial records, assumptions and funding details.
Provide process details, layouts, specifications, capacity calculations, quotations and implementation schedules. Explain technical choices, costs and delivery dependencies.
Key contribution: Technical documents, quotations and schedule inputs.
Where financing is involved, confirm the required scope, consultant eligibility, appointment route and report recipient. Review the report, raise credit queries and make its own financing decision.
Key contribution: Appointment requirements, appraisal queries and lending decision.
Specialists provide studies or opinions where required by the scope. Relevant authorities decide statutory permissions; Bitcon reviews their status and implications within the TEV assignment.
Key contribution: Specialist findings and approval records, where applicable.
Getting ready
Send a short brief for the initial discussion. After scoping, we share the detailed checklist and agree how to exchange project documents.
Project brief or existing DPR, company and promoter details, location, current stage and proposed capacity.
Land and site records, process and layout information, equipment quotations, utility requirements, approval status and implementation schedule.
Project cost, proposed funding, available financial statements, debt details, sales and cost assumptions, working-capital estimates and market evidence.
Bank or institution name, its TEV scope or request, appointment instructions and the required submission date.
Before you appoint a consultant
A typical TEV assignment takes 2–3 weeks after complete inputs, with the scope and appointment agreed and site access available. We confirm the start date and milestones for your project. Complex projects, multiple sites, missing records or changes to the proposal can extend the schedule. Post-report query support is agreed separately; the estimate does not include the lender’s sanction process.
Bitcon quotes after reviewing the project, sector, locations, available information, site-work requirements and required outputs. The proposal sets out the fee, deliverables, milestones and query support so you can assess the scope alongside the price.
Share the bank’s request with us before confirming the engagement. The appointment route, empanelment conditions and permitted scope depend on the lender and assignment. For an owner-commissioned investment assessment, we agree the purpose and recipient directly with you.
We confirm the site-assessment requirements at scoping and include the required visit in the work plan. The promoter arranges access and availability of the relevant project personnel. The report records observations and any limitations of the site assessment.
Query support is defined in the appointment terms, including the agreed period and scope. Clarifying an existing finding differs from reassessing a revised capacity, cost or financing plan; material changes may need a separate update.
No. A TEV report supports the lender’s appraisal; the lender makes its own decision on the borrower, project, security and financing terms. Bitcon’s findings remain subject to the report’s evidence, assumptions and conditions.
Prepare for the assessment
See how a report fits together and organise the evidence before the appointment.
Start a conversation
Share the essentials below by WhatsApp, email or the enquiry form. We’ll review the brief and discuss the scope, fee, information required and proposed schedule.
