Blended Finite Risk Transfer Strategy

Blended Finite Risk Transfer Strategy

Location: Dallas

Client: Heitman Capital Management

Completion Date: Ongoing

Burns & McDonnell entered into a three-way blended-finite agreement with the buyer and seller of the property to facilitate the sale of the property. Burns & McDonnell agreed to indemnify the buyer and seller of all environmental remediation liability through the use of Pollution Legal Liability coverages and Cost-Cap insurance policies.

Blended finite risk transfer strategy (RTS)

Burns & McDonnell was solely responsible for completing the soil and groundwater remediation at the site until a Certificate of Completion (No Further Action) was obtained from the Texas Voluntary Cleanup Program under the authority of the Texas Commission on Environmental Quality (TCEQ).

The site required soil and groundwater remediation of chlorinated volatile organic compounds (VOCs) such as PCE, TCE, etc., at a warehouse facility in Dallas. In this case, the contamination extended off-site and third parties (off-site) are involved. Work performed at the site included further site characterization as well as the injection of permanganate and the installation of a reactive barrier consisting of granular zero-valent iron near the down gradient edge of the plume.