Environmental impairment of a property can represent a significant liability against the financial resources and aggregate worth of a business. Publicly traded companies may have to set aside reserves sufficient to address ongoing environmental impairment. Privately held firms face obstacles when attempting to obtain financing for site improvements or expansion, or attempting to sell a property. Potential buyers in a property transaction may offer less than the actual value if they overestimate the magnitude of environmental liability. Financial Institutions have less of a tolerance for uncertainty of property transactions.
Typically, the principal concerns are not the environmental problems, but the uncertainty associated with them. Common questions include:
- Is this a $50,000 problem, a $500,000 problem or a $5-million problem?
- If I clean up to a standard that is acceptable to the regulators today, what assurance do I have that the issue won’t be revisited in the future if cleanup standards changes?
TecServ’s staff has been successfully serving a diverse client base for a variety of remediation projects via the VRP since the program inception in 1993. Our project experience includes nineteen projects for private sector industry, a university, and municipal entities. Project objectives have included:
- Brownfield redevelopment
- Transaction-based remediation
- Regulatory driven cleanups
- Liability relief in the form of protection against changing regulations and standards
TecServ’s staff have completed projects that have ranged from a $50,000 soil closure project without remediation to a large, complex $1-million + soil and groundwater remediation project. TecServ provides experience and expertise in project management, negotiation/ interaction with the regulatory community, design, construction, ongoing oversight of remedial activities, ongoing monitoring and reporting, and closure certification.
Environmental remediation issues typically pose an unwelcome problem since they often result in significant expenditures that detract from a firm’s profitability. TecServ’s staff has successfully served a diverse client base for a variety of remediation projects by utilizing an ‘end in mind’ philosophy while integrating our services into the client’s business strategy. Issues that need to be addressed before commencing remediation include:
- What is the nature of the environmental liability?
- What are the options available from a regulatory standpoint?
- What is a client’s tolerance for risk?
- What are the client’s long-term business objectives?
- Are there timelines driving completion of remediation?
TecServ’s staff has provided consulting, engineering design, construction, and operation for a variety of remediation projects in soil/ groundwater involving:
- Petroleum hydrocarbons
- Pesticides/ Herbicides
- Regulated Metals
We are experienced with various remedial techniques including:
- Air Sparging/ Soil Vapor
- Extraction (AS/SVE)
- Groundwater pump and treatment
- Chemical oxidation and reduction
- In-situ bioremediation
- Source removal by excavation
- In-situ Redox
- In-situ containment including slurry wall curtain and cap installation
Additionally, TecServ remains abreast of the ever-changing regulatory environment and attendant emerging innovative remedial techniques.
Our staff is comprised of experienced Project Managers, professional engineers, licensed/ certified geologists, environmental compliance specialists, and other technical specialists who are proficient at handling all facets of project work, including but not limited to:
- Regulatory Compliance
- Project Management
- Construction Oversight
With such a broad range of available expertise and experience, TecServ is highly qualified to review site issues and assist clients in developing an environmental strategy that meshes with the client’s business and risk management philosophy while meeting the regulatory requirements. TecServ specializes in site specific, innovative, cost effective solutions that work.