Phase I Environmental Site Assessment


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Phase I Environmental Site Assessment

Investigation of real property to determine the possibility of contamination, based on visual observation and property history, but no physical testing. Under new Environmental Protection Agency regulations that went into effect on November 1, 2006,a Phase I,as it is called for short,will be mandatory for all investors who wish to take advantage of CERCLA defenses that will shield them from liability for future cleanup,should that prove necessary. The new Phase I rules, called “All Appropriate Inquiry” or AAI, also require more investigation than previously mandated. Investors can expect to see dramatic price increases over prior experiences.

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With this additional certification, American Environmental is eligible to participate as a DBE on MTA, New York State Department of Transportation, Port Authority of New York and New Jersey and Niagara Frontier Transportation Authority federally assisted projects in their certified areas of service including Environmental Consulting Services, Phase I Environmental Site Assessment, Subsurface Investigation and Remediation of Contaminated Sites.
The instruction offered in this new computer-based training product is presented by experts -- the developers of E1527, Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process and E 1528, Standard Practice for Environmental Site Assessments: Transaction Screen Process.
If it is commercial real estate property, get a Phase I Environmental Site Assessment.
Currently in draft form and expected to become final in early 2005, the AAI rule dictates not only how a Phase I environmental site assessment must be performed, but also who can conduct one.
American Environmental Assessment & Solutions, Inc can provide you with a Phase I Environmental Site Assessment that can identify and quantify possible liabilities.
August Mack) now offers an online ordering and delivery system for their Phase I Environmental Site Assessment (ESA) Services.
Lenders are realizing that environmental insurance also solves problems that Phase I environmental site assessment reports cannot, such as transferring future risk over the life of the loan.
Environmental Considerations: Phase I Environmental Site Assessment and recommended mitigation or remediation as required.
In fact, a time and cost effective IAQ screening program can easily be appended to the already required Phase I Environmental Site Assessment (ESA) or Property Condition Survey (PCS) scope of work.
Eldon, a former commissioner of Air Resources for New York City, pointed out that the major problem lies in the ASTM proposal for an initial "Transaction Screen" which stops short of a Phase I Environmental Site Assessment that is currently the accepted norm in the industry for first level due diligence in property transactions.