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.
Not every environmental consultant who hangs a shingle is qualified to conduct an AAI-compliant Phase I environmental site assessment. On the contrary--only inquiries conducted by environmental professionals who meet EPA's strict definition for experience, education and certification will qualify an individual for CERCLA liability protection.
To determine their risk and to avoid such a scenario, lenders have in the past required businesses seeking a property loan to perform a "Phase I Environmental Site Assessment." The assessment gives an account of the property's past usage and helps pinpoint possible hazardous contamination.
For real estate property managers and management companies, there are many reasons for having a Phase I Environmental Site Assessment (ESA) done.
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.
"We advocated breaking the Phase I site assessment into two parts -- the Transaction Screen Process and the full Phase I Environmental Site Assessment, which did happen."
If it is commercial real estate property, get a Phase I Environmental Site Assessment. An environmental lawyer can be helpful in defining the scope of the work to be performed in an effort to control expenses, since different types of properties demand different levels of examination.
A Phase I Environmental Site Assessment (ESA) is the gold standard for evaluating the environmental liability associated with a real estate asset.
Tenders are invited for the phase i esa will be prepared in accordance with the requirements of astm e1527-13 standard practice for environmental site assessments, phase i environmental site assessment process .
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.
2.2 Phase I Environmental Site Assessments Upon Task Order assignment, the consultant/consultant team will conduct a Phase I environmental site assessment in accordance with current ASTM E 1527-05 procedures (or most current standard meeting the requirements of All Appropriate Inquiry).
Environmental Considerations: Phase I Environmental Site Assessment and recommended mitigation or remediation as required.