Estimating Environmental Costs

A database of environmental remediation costs is described as the response cost database (RCD). The database, which contains both capital and operating costs, includes 220 entries for complete activities ranging from studies to remedy components, such as caps, dredging, and pump and treat systems. I...

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Bibliographic Details
Published in:Environmental claims journal 2015-01, Vol.27 (1), p.9-18
Main Authors: Shifrin, Neil S., Pitts, Bryan S., Chow, Aaron C.
Format: Article
Language:English
Subjects:
Acquisitions
Computer programs
Costs
Environment protection
Estimating
Project management
Remediation
Remedies
Online Access:Get full text
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Description
Summary:A database of environmental remediation costs is described as the response cost database (RCD). The database, which contains both capital and operating costs, includes 220 entries for complete activities ranging from studies to remedy components, such as caps, dredging, and pump and treat systems. Information and data sources for the RCD included actual costs from the literature, construction handbooks, and U.S. Environmental Protection Agency-approved software such as RACER. Costs were compared to benchmarks, such as from actual projects, when possible. Guidance on assumptions and scaling is provided with unit costs. The database was developed by environmental engineers experienced in the activities included and thus represents insightful estimation. The RCD may be useful for valuation of environmental portfolios or projects for planning, financial reporting, project management, financing, or mergers/acquisitions.
ISSN:1040-6026
1547-657X
DOI:10.1080/10406026.2014.986404