Friday 12 April 2019

What is the price of an Environmental Impact Study?



The establishment of the cost and subsequent final price of the Environmental Impact Study is usually done internally depending on the days and resources involved in the preparation of the planning, fieldwork, number of professional specialties involved and subsequent cabinet work.

Thus, even if the project or plan has a great magnitude or is expected from it, we understand that the price of the Environmental Impact Study must be independent of it and must be subject only to objective factors intrinsic to the nature of the project or plan and of the environment that will support it instead of a percentage of the investment or the amortization plan or expected benefits. The factors that, in our opinion, define the final cost of an Environmental Impact Study are the following:

1. The first element that decides the price of a project or plan submitted to Environmental Impact Assessment is obviously the type of project or plan. Thus, the type of project will determine the factors of the environment to be studied with greater rigor, since economic-technical efforts must be focused on evaluating the factors of the environment that can really be affected.

2. Regardless of the distance of the project to the headquarters of the environmental consulting team that prepares the Environmental Impact Study, the project situation, understood as the set of values of the environment present in the area, also defines the cost of the Environmental Study, being equal or more determinant than the typology of the project.

3. By period of study, we are not referring to the time of year, but to the period of time that will be necessary to properly evaluate the factor to be studied, such as the need to conduct Annual Animal Studies in projects that involve a greater impact on the same, as wind farms that in the majority of the occasions require the elaboration of a study in different seasons of the year.

4. The extension of the project also defines the price of an Environmental Impact Study, since the field analysis of a greater extension of territory translates into a greater number of field hours; For example, it is not the same to carry out the environmental impact study of a small farm of a few square meters than a solar plant of several hundred hectares.

5. Regarding the quality of the Environmental Impact Study that we offer, although it would be a determining factor to hire an environmental consultant or another, we can say that, unfortunately (or luckily for some), the cost of the Impact Study Environmental is sometimes not proportional to the quality. Since experience tells us that we can find environmental consultants in the market that offer Environmental Impact Studies at a good price and high quality and, on the contrary, we find "professionals" that due to lack of knowledge or due to malpractice, they offer low-quality Environmental Impact.


6. The experience of the Environmental Consultant that prepares the Environmental Impact Study and the number of own professional specialties involved, are also determining factors in the price, since this experience and internationalization of the specialization translate into speed of execution and optimization of resources and, to its time, in a cost reduction.


7. Last, and not least, is the degree of definition of the project or plan that is intended to be evaluated; Thus, the cost of an Environmental Impact Study of a project in the definition or draft phase can increase considerably, since the research and development work that the environmental consultant must carry out in order to correctly evaluate the project will involve a greater effort and, therefore, a higher cost. The inherent risk of the dreaded project modifications is included here.