ICF (NASDAQ:ICFI), a leading provider of consulting services and technology solutions to government and commercial clients, was recently awarded a re-compete contract with the Commonwealth of Pennsylvania, Insurance Department, Bureau of Special Funds. The contract has a value of $14.5 million and a term of five years with five additional one-year option periods.
Under the contract, ICF will continue to administer claims for reimbursement from owners/operators of regulated underground storage tanks (UST) and designated non-regulated commercial heating oil tanks located within the Commonwealth of Pennsylvania. The funds collected through the Underground Storage Tank Indemnification Fund (USTIF) are used for claim payments to eligible UST owners/operators for damages caused by petroleum and other releases from their leaking USTs.
"For more than 20 years, ICF has supported the Commonwealth in its efforts to protect the environment and public health in Pennsylvania through cleanup of petroleum and other fuel leaks," said David Bauer, senior vice president for ICF International.
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