AECOM Launches New RACERTM Remediation Cost Estimating Tool.Industry Standard RACER (TM ) used for environmental due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. , liability and valuation
LOS ANGELES -- AECOM AECOM Albert Einstein College of Medicine of Yeshiva University (Bronx, NY)
AECOM Architectural and Engineering Company has released the newest version of its Remedial Action Cost Engineering and Requirements (RACER(TM)) software -- a widely-used cost estimating software developed for environmental remediation and restoration projects. An industry standard for environmental liability valuation and due diligence, RACER is used by corporations, consultants, government agencies and environmental regulators. AECOM is a global provider of professional technical and management support with a leading economics and environmental remediation and restoration practice.
Adaptable and scalable for any size project or portfolio, RACER's updated and streamlined interface saves time, reduces costs and provides auditable and defensible budget-level estimates for establishing reserves and provisions; financial reporting; environmental due diligence for mergers and acquisitions / property transactions; and other legal matters.
According to Andrew Schleppi, AECOM Program, Cost, Consultancy Cost Engineer, "RACER contains 110 cost estimating modules for feasibility studies, site work, waste removal, containment, treatment and disposal--capturing waste media including air, soil, water, sediment, free product and building materials." Updated annually with unit prices, location and escalation factors, RACER remains current with industry practice, and enables users to customize output to address project specific requirements.
Developed by AECOM's PCC Economics practice, RACER recently developed independent cost estimates for a US portfolio of 2,000 projects at Formerly Used Defense Sites (FUDS FUDS Formerly Used Defense Sites
FUDS Federal Urban Driving Schedule
FUDS Fluids Utility Distribution System ), involving hazardous and radioactive wastes, debris removal, and military munitions mu·ni·tion
War materiel, especially weapons and ammunition. Often used in the plural.
tr.v. mu·ni·tioned, mu·ni·tion·ing, mu·ni·tions
To supply with munitions. response activities. With RACER, AECOM's cost engineers and environmental remediation experts delivered comprehensive cost estimates and detailed documentation to withstand audit scrutiny--saving 8,000 hours over "traditional" cost estimating methodology. RACER also supported a merger between two multinational manufacturers by developing cost estimates for plants in US, Norway, and Sweden. RACER estimates included facility decontamination decontamination /de·con·tam·i·na·tion/ (de?kon-tam-i-na´shun) the freeing of a person or object of some contaminating substance, e.g., war gas, radioactive material, etc.
n. and demolition for closure allowing the companies to meet their business schedule and complete the merger on time.
To purchase RACER software and training or request information, contact RACER Help Line: 1-800-499-2919 or RACER@aecom.com.
AECOM is a global provider of professional technical and management support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to the transportation, facilities, environmental, energy, water and government markets. With 45,000 employees, AECOM blends global reach, local knowledge, innovation and technical excellence in delivering solutions that create, enhance and sustain the world's built, natural and social environments. A Fortune 500 company, AECOM serves clients in 130 countries. www.aecom.com.