TerraSure

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Services TerraSure ™ removes the cost uncertainty associated with environmental cleanup and regulatory closure before the property is sold by providing the buyer or seller a fixed price to remediate known contamination and offering protection against third party claims, regulatory re-openers and undiscovered contamination.

TerraSure™ requires no equity interest in the property and the agreement is transferable to new future owners. Payments are made on a milestone basis tailored to fit the cash flow needs of the project rather than a heavily front-loaded payment requirement.

TerraSure(tm) offers closures contracts at "risk-based" prices. The price is derived from probabilistic remediation cost pathways that predict and account for likely cost impacts and offsets employing cost-saving methods such as innovative remedial technologies, regulatory protections, and subcontractor cost management.
Description What is TerraSure™?
A remedial program designed to facilitate the sale, acquisition or development of environmentally impaired property by achieving regulatory closure for a fixed price.

What are the features of the TerraSure™ program?Guarantees regulatory closure for a fixed price before the property transaction.
Indemnifies owners, buyers and sellers from environmental cost liability.
Protects against regulatory re-openers, third party claims and undiscovered contamination.
Transfers protection and indemnification to new owner(s).
Reduces costs through innovative techniques and flexible, performance-based payment terms.
Address TerraSure
211 6th Street
Huntingdon
Pennsylvania
16652
United States
 

Ref: P4345
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Friday, 9 Jan 2009, 02:20 GMT
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