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A Practical Guide to Estimating Cleanup Costs
Author(s) -
Goldstein Mike L.,
Ritterling Jon M.
Publication year - 2001
Publication title -
remediation journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.762
H-Index - 27
eISSN - 1520-6831
pISSN - 1051-5658
DOI - 10.1002/rem.1018
Subject(s) - hazardous waste , agency (philosophy) , cost estimate , risk analysis (engineering) , operations research , quality (philosophy) , computer science , environmental economics , engineering , business , waste management , economics , systems engineering , philosophy , epistemology
Cost estimates are frequently developed to evaluate hazardous‐waste‐site cleanup options insupport of a site investigation, remedy selection decision, or assessment of environmental liabilities. Theaccuracy of the cost estimate depends largely on the quality of the information available at the time it isprepared. This article presents a practical guide to developing a cleanup cost estimate. It includes informationon how to document assumptions, use the latest technical resources, and perform basic adjustments to account foruncertainty and the time value of money. The content is based upon a recent guidance document issued by the U.S.Environmental Protection Agency and U.S. Army Corps of Engineers entitled A Guide to Developing andDocumenting Cost Estimates during the Feasibility Study (USEPA, 2000). © 2001 John Wiley& Sons, Inc.