Ground Investigation - Risk assessment - Remediation - Tax Breaks - Geotechnical Engineering
Environmental liabilities are often sticking points or even deal breakers in property transactions. However, as the Turnbull Report reflected, 'profit is the reward for risk acceptance, not risk avoidance' and an appropriate appetite for risk is an essential part of sound commercial practice.
A major problem associated with environmental risk such as land contamination is the difficulty of accurate quantification. To a large extent this contributes to the stigma it brings and the mismatch in some cases between the actual and perceived risk.
Regardless of the context, however, the majority of deals share similar objectives and intended outcomes. These include the following:
Maximised profitability
Minimised risk and uncertainty
Avoidance of project delays and cost-overruns
Full regulatory approval
An ease and clean exit.
The goal of the TECEnvironmental Health Check is provide a preliminary assessment of the likely business implications of environmental issues associated with a site or business.
What does the Health check provide?
A review and gap analysis of available environmental data
An assessment of the key environmental liabilities relating to potential ground and groundwater contamination
An assessment of the exposure to potential liabilities in terms of likely clean-up costs and third party liabilities
Risk-based categorisation of the site
An assessment of the potential environmental issues to impact on rental income (or business interruption costs)
Clear risk management recommendations to mitigate exposure to potential liabilities
Where applicable, an assessment of the Director's personal and contractual environmental liabilities
Identifying a property's or a portfolio's exposure to environmental liabilities requires a blend of technical, legal, commercial and property skills. TEC has the skills required to deliver effectively a fixed-price review of your environmental liabilities and how best to manage them.
A major problem associated with environmental risk such as land contamination is the difficulty of accurate quantification. To a large extent this contributes to the stigma it brings and the mismatch in some cases between the actual and perceived risk.
