· Litigation or arbitration costs associated with disputes regarding remedial activities
· Clean-up costs within the SIR
· Contractual liabilities
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Clean-Up Cost Cap
Overview: Designed to minimise the risk and uncertainty associated with environmental remediation projects, by ensuring funds will be available to complete a project if there are cost overruns as a result of pollution conditions, adjacent to or from the defined site location.
Who is it for?: Buyers, sellers or owners of contaminated land, developers, investors and property managers.
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- Onsite known contamination costs exceeding SIR / Offsite known contamination costs
- Unknown contamination discovered during the clean-up
- Statutory authority changes to requirements during the clean-up period
Extensions Available
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