Phase I Environmental Site Assessments completed in strict accordance with ASTM International (ASTM) E1527-13 and 40 Code of Federal Regulations (CFR) Part 312 for conducting All Appropriate Inquiries (AAI). Other guidance may also be required depending on risk management requirements for whom certain entities may rely on the documents.
More limited due diligence services are also available to clients including Environmental Transaction Screens (ASTM), peer review of documents with written opinions, and other deliverables that may be requested in order to satisfy client risk management needs and goals. Most assignments do not result in conditions that are deemed of remarkable environmental concern or risk. However, any conditions of potential concern or risk (if any) are identified early in the project process and are discussed with the client to develop a strategy to mitigate any such concerns/risks.
Numerous factors are considered prior to making any recommendations for additional work, which may include but are not limited to: the nature of the property transaction (i.e. purchase, financing, sale, lease, etc.); proposed plans for the property following purchase (i.e. long-term hold, development site, etc.); evaluation of construction design plans (if available); potential exposure pathways of contaminants to public health or the environment; and regulatory history of the property.