Oil Tank Removal cost

[Konstantin Boubev]

Hello BP community.

I’m dealing with removing an underground oil tank from my property in Newton NJ.

I hired a company to do the removal/remediation MARKSMEN ENTERPRISES, LLC.

The initial estimate they gave me was 8K, and they said there could be potential additional cost depending of what they find. Now, they are asking for another 9K to finish the work that is needed to get clearance from the state. Does that make sense? Anyone with experience, please advise.

Thanks in advance.

[Jonathan Greene]

$100,000 is only possible if it hits a water source. The chances of going over $10,000 on a residential property in NJ are very slim because most tanks are 550 gallons are smaller and very few, to any tanks, have more than pinhole leaks. Even in the case of a large leak, it is usually concentrated to one specific area. These are leaks, not spills. The chances of going over $10,000 are probably less than .01%