Land Remediation Advice

CARAS was recently engaged to provide independent expert advice on the cost and risk for the remediation of a contaminated land asset. The cost and risk profile for the remediation works provided to our client during the negotiation of the transaction were understated by tens of millions of dollars. Our client sought recovery of the loss incurred due to inaccuracy of the remediation cost and risk advice relied upon in the transaction. CARAS was engaged to assist our client in providing an accurate profile of remediation cost and risk based upon the information available during the negotiation of the transaction for sale. The costs of remediation for a contaminated land asset are a key input to a property transaction.