Post-Remediation Care and Continuing Obligations Management
EWMA's successful SECUR-IT® guaranteed cleanup cost program is now being expanded to meet post closure needs. Our new Post Remediation Care Liability Assumption (PRCLA) program is designed to meet the post closure needs of responsible parties, especially under the new remedial action permit (RAP) program in New Jersey. This program covers liability, technical and financial assurance obligations. We can customize to a client's risk profile for a single or portfolio of sites, and can include environmental liability insurance and structured settlements to support indemnities offered in our guaranteed fixed price contract. An environmental structured settlement uses a guaranteed secure annuity funding mechanism for all the known monitoring and maintenance costs. This innovative funding mechanism satisfies NJDEP Remediation Trust Fund Agreement specifications and features simplicity and lower cost to implement over conventional funding mechanisms.
EWMA’s services include comprehensive management plans and support after active remediation of contaminated property has been performed to meet all required reporting obligations. This includes the Biennial Certification of a Deed Notice for soil or a Classification Exception Area (CEA) for groundwater in compliance with the Remedial Action Permit (RAP) that was implemented for residual contamination that remains onsite with regulatory approval. It also includes mandatory compliance reporting to ensure long-term integrity of caps and engineering controls in Deed restricted use areas on a property.
EWMA has assembled a team of environmental, insurance, and financial experts to implement a third party liability assumption of the risks inherent in implementing a long-term post remediation care program. EWMA’s PRCLA program gives our clients “peace of mind” and assurance the site is managed and always in compliance.