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Restoration
Financial Strategies for Environmental Closure
GeoTrans believes in integrating financial decision making tools into the investigation, feasibility study, remediation, and closure process. Our goal is to help clients link environmental programs with business objectives, and we have developed/implemented financial risk programs for energy, aerospace and waste management companies. This may include examining the potential for cost recovery for environmental expenditures utilizing a variety of risk transfer options, such as firm fixed price to closure contracting and/or the use of environmental insurance policies. Services we have provided include:
- Developing accurate estimates of the fair value of remedial costs by integrating technical and financial issues and evaluating expected costs plus contingent liabilities;
- Developing risk transfer programs, including insurance placement such as cost cap and pollution liability policies;
- Assisting in negotiations with regulatory agencies to successfully implement a risk transfer program.
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