An Environmental Site Assessment has become
the method of conducting environmental duediligence. This property
evaluation limits the potential for many businesses, lenders and owners as being named the
potentiallyresponsible party.
Phase I
A phase I environmental site assessment
according to ASTM {E1527-94) requires an on-site investigation to identify the property's
current and past uses. A historical review of the property is conducted to identify
physical, geological, hydrogeological and topographic conditions. Record searches are
conducted in available federal, state and local governmental records. Interviews are
conducted to obtain information indicating recognized environmental conditions in
connection with the property.
Phase II
A determination is made whether the
integrity of the property has been impacted. This determination is made through sampling
and laboratory analysis.
Phase III
A remedial scope of work is developed, cost
estimates are provided and remedial activities are completed.
Transaction Screen
ASTM (E1528-93). This investigation
includes an on-site investigation to determine the properties use and adjacent property
uses. A questionnaire is completed by the owner/operator and a record search is conducted
in available federal, state and local governmental records.