The Delaware Coastal Zone Act (CZA) Program is interested in contracting with professionals to review the financial assurance component of CZA conversion permit applications.
New and/or additional heavy industrial uses may be allowable through the issuance of a conversion permit within fourteen grandfathered footprints, identified in Appendices A and B of the Regulations Governing Delaware’s Coastal Zone (7 DE Admin. Code 101). Applicants for conversion permits must submit evidence of financial assurance and permittees must submit an annual confirmation of financial assurance instrument value, inclusive of cost adjustments.
Financial assurance is a requirement that regulated entities demonstrate adequate financial ability to complete remediation, rehabilitation, and/or recovery work associated with environmental damages incurred from past and/or present industrial practices. The CZA regulations outline four approved financial assurance instruments under subsection 22.214.171.124: fully funded trust fund, letter of credit, surety bond, and insurance policy.
The CZA Program is requesting expert review of financial assurance instruments submitted by future applicants and permittees to ensure compliance with our regulations. Reviews would be needed on a per-application basis with a potential annual review, dependent upon complexity.
Interested professionals should respond to the CZA Program’s Request for Proposals (RFP) NAT21001R-FA_EVAL through Delaware’s Procurement Portal (mymarketplace.delaware.gov) by 1 p.m. on June 14, 2021. There will be a question-and-answer period once the RFP is posted. Please direct any questions to the contact cited in the RFP. Only communication and bids through this process will be considered for the contract award.