Industrial Asset Management
Posted on Mon, Dec 07, 2009 @ 01:18 PM
By Craig Sasse, Senior Engineer LSP
The manufacturing sector has unique circumstances that complicate ending production and leaving a facility. Managing costs, timing and liabilities associated with retiring assets, vacating space and transfer of assets is always a concern. Unidentified and unanticipated conditions, updates to regulations and a regulator’s expectations can lead to a chaotic situation. Common concerns for transitions, renovations and vacating production areas include:
• Lease obligations, due-diligence considerations and real estate transfer regulations;
• Closure of RCRA hazardous waste storage areas;
• State and federal permit modifications or terminations;
• Decontamination of equipment (prior to disposal or transfer);
• Decontamination of facility work areas; and
• Adequate and appropriate documentation for regulators, owners, lenders and buyers.
Triumvirate’s professionals offer practiced regulatory compliance, efficient assessment, effective decontamination and thorough documentation. Our consultants and field service personnel have years of experience managing and performing industrial closure on a wide variety of facilities.