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Remediation Cost Cap  

Some of the nation’s most valuable real estate has been abandoned or otherwise underutilized because it is known to be contaminated. Many costs associated with cleaning up contaminated sites are subject to uncontrollable variables. The uncertainty associated with the extent of site contamination, the contractor's performance, as well as regulatory and legislative changes make it difficult to forecast the total investment that will be required with REMEDIATION projects.

Environmental Contract Insurance (ECI) proves to be a critical risk management tool for investors, current owners, regional development authorities and secured lenders. The ECI program gives budgetary control back to the project owner by providing a guarantee of the cost of REMEDIATION. The ECI program also provides a select group of consultant /contractors (contractors) the opportunity to propose a fixed price contract that is supported by an insurance company.

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Remediation Cost Cap Page