|Ecovac Services / Projects / Project Summaries /|
We are so confident of our solutions and ability to perform that we offer pay for performance (PFP)/performance based contracting (PBC) services. We guarantee the remediation of your site. The cost of these guaranteed services compares favorably, and sometimes is less costly, sometimes even one-half, as compared to non-guaranteed traditional (fixed system) remedial alternatives. Our firm is able to offer cost-effective guaranteed remediation services as a consequence to the large number of sites we have worked at (>1,500 sites), the consistent success of our technologies, our creativity and innovation, and our internal drive to achieve site closure. Attaining site closure is less of a risk to us because of these factors.
EcoVac Services Inc has completed several PBC projects and has a record of completing all projects. Various payment structures have been created to allow compensation to be tied to remedial milestones for each project. The mobile nature of our solutions allows for quick response to begin remediation rapidly following contract execution. The EcoVac PBC services allow the Responsible Party to reduce their liability and lock in their projected costs in today’s dollars rather than the traditional remedial approaches such as fixed systems which often operate for many years with multiple requests for additional funding and change orders.
The efficiency obtained by selecting the PBC option is a result of the direct relationship between results and compensation. Our project teams are supported by corporate resources to get the job done in a safe, phased approach that meets the regulatory objectives and time frames that are built into the contract. Traditional approaches often create a conflict of interest because there is nothing to motivate the remediation contractor to maximize the efficiency of their technical approach when payments are not tied to performance but instead the payments are maximized by slow progress and extending the project.
The final component of the EcoVac PBC approach relates to the flexibility of our implementation and options. Analytical data from gauging and sampling events periodically allow us to modify our attach plan in real time in response to the data and the position of the water table as moves up or down in response to seasonal fluctuation and infiltration of precipitation. Fixed systems do not have this flexibility and once installed are often run with very little ability to be optimized in response to changing site conditions such as occur with plume movement and fluctuating water tables.