Lenders to a project finance will hedge their risk during the construction phase by:

Question $22$ options:

Lending with recourse to equity sponsors

Insisting on a joint guarantee clause from equity sponsors

Insuring that equity sponsors are credit$-$worthy

Including tight covenants in the form of completion guarantees enshrined in an engineering, procurement, and construction $($EPC$)$ contract

None of the above

All of the above