Sustainable Land Development Today - October 2007 - (Page 20)

RISK MANAGEMENT • Guaranteed clean-up via a guaranteed fixed-price remediation (GFPR) contract providing cost certainty to the owner of the clean-up price; • EPA and state regulatory integration, and; • Possible reserve and tax benefits since the clean-up costs are prefunded and liability is transferred to a third party. During Construction When redeveloping a property, contractors and owners confront real or perceived, known or unknown environmental liability everyday in several areas including jobsite operations, historical conditions on the project site, transportation, and disposal liability. Each area must be explored to identify risk exposing contractors and owners to environmental liability. Jobsite Operations: This includes fumes, emissions and spills from chemicals (volatile organic compounds) applied during construction (finishers, sealants, curing compounds, floor coatings, adhesives, etc.) that can cause respiratory hazards to third parties. Accepting supposedly “clean” fill from unknown origins and finding out at a later date that it was contaminated with petroleum or other hazardous substances. Release from improper or inadequate storage of fuel tanks on site. • Heating, ventilation, air conditioning (HVAC) construction or maintenance errors, causing release of airborne bacteria, mold or carbon monoxide build-up, in addition to mold resulting from water intrusion or moisture encapsulation. Historical Conditions on the Jobsite: Errors and/or omissions can result during the assessment process. Typically, Phase I assessments are limited in scope and therefore can easily miss areas of contamination or concern. • Leaking underground tanks or other contamination on the perimeter or near the job site that may contribute to contamination on the jobsite. Transportation and Disposal Exposures During Construction: Spills of contents (e.g., fuel, asphaltic cement, etc.) during transport resulting in pollution from collisions with various structures (e.g., pole-mounted transformers, above ground tanks, etc.). Superfund liability for the inadvertent disposal of waste materials or unknown contaminated soil. • Improper disposal of waste contaminated soil on the project site or at unregulated facilities. There are several insurance options for both the general contractor and subcontractors working at the project site and for the owner of the property. The owner of the property should ensure that the contractors working at the job site evidence CPL coverage. CPL provides coverage for third-party bodily injury, property damage, clean up costs and defense costs which arise from covered operations performed by or on behalf of the contractor or named insured. CPL also provides coverage to the named insured for vicarious pollution liability from subcontractors. A FIBER-OPTIC AMENITY IS A PROVEN WAY TO SELL UNITS FASTER. Connexion Technologies invests in your properties using our capital to design, build, deploy and manage a state-of-the-art fiber network. The best part? Being a Certified Fiber-Optic Development differentiates your properties as television, telephone and Internet services are seamlessly delivered to residents at the speed of light. Buyers value this cutting-edge technology in their new home. Find out if your property meets our investment criteria and realize the selling power of fiber. 919.535.7329 | CNXNTECH.COM Circle 145 • or www.SLDTonline.com/adinfo 20 October 2007 Sustainable Land Development Today http://CNXNTECH.COM http://CNXNTECH.COM http://www.SLDTonline.com/adinfo

Table of Contents Feed for the Digital Edition of Sustainable Land Development Today - October 2007

Sustainable Land Development Today - October 2007 Contents Our Voice Your Voice Editorial Board Mapping the Development Process Looking at a New Dimension The Environmental Liability Continuum GPS System Makes the Grade Regulations: Reactions Mixed Trends: Communications Easements Business Management: Recycling Sustainable Practices: LEED-ND Energy: Community Propane Systems Transportation: Mountain Solutions Recommended Reading Calendar Products/Services Showcase Classifieds Advertiser Index The Last Word

Sustainable Land Development Today - October 2007

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