In its capacity as “Technical Advisor”, M&A usually works on behalf of a lead arranger. It provides services to lower potential RISKS during the scheduling or implementation and management of projects covered by a Project Finance scheme.

Typically M&A carryies out the following steps:

• before commitments are underwritten:
  analysis and appraisals to check the operative validity of the project.
  M&A carefully examines the various aspects of the project, i.e. licences, technical, economic and management aspects, etc., that might negate feasibility of the project and/or the potential for remuneration.
• during the construction/execution phase:
  planning and carrying out the scheduled monitoring on the progress of the work, both through on site visits and technical-economic analyses. M&A issues reports both to validate the monthly work progress documents (SAL), together with other soft costs, and to provide the arrangers with a professional opinion about potential present or future riks.
• after the construction phase:
  planning and execution of monitoring to verify the business is being managed optimally so as to ensure that risk capital provided can be repaid.
  M&A issues reports containing information and appraisals.

M&A can study, plan and carry out highly professional audits on precise aspects technical, economic, design aspects as well as implementation and execution of a project. At the end of each assignment, M&A issues an audit report.

M&A also carries out specific appraisal services on projects to provide its clients with an assessment of where third-party responsibility and/or liability should be assigned.
For example, M&A can issue assessments that verify/support insurance claims for damages occurring during a project.

M&A can provide clients with a professional assessment of their industrial fixed assets (fields, civil buildings, factories, machinery, equipment and so on). The demand for this service is normally linked to selling, purchasing or updating the value of some of a company's fixed assets.
The service includes issuing a report detailing the fixed assets in question, and the appraisal methods used and, of course, the fair value attributed by M&A.

M&A can audit companies (headquarters and/or other offices) to assess their technical abilities, management capacity, business organization, overall effectiveness and soundness.
The demand for this service is generally from clients involved in financing or insuring small and medium sized Italian enterprises.