Do Your Due Diligence:
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GEOTERREN produces high quality Phase I Environmental Site Assessments
(Phase I ESAs), Environmental Transaction Screen Reports (ETSs), and Desktop Review Reports (DRRs) for purchasers of commercial real estate, financing institutions, and developers. Are you certain your Environmental Professional is up-to-date on the Standard? As of December 2021, the Phase I ESA Standard ASTM E1527-21 (EPA-approved on March 14, 2022) established new guidelines for Phase I ESAs. New definitions were established in the Standard to clarify decisions for the Environmental Professional. The Standard includes evaluation of : Recognized Environmental Conditions (RECs). Historical Recognized Environmental Conditions (HRECs), Controlled Recognized Environmental Conditions (CRECs), and Vapor Encroachment Conditions (VECs). With over 30 years of experience in environmental consulting, GEOTERREN's expertise ensures your Subject Property's environmental history will be evaluated by an Environmental Professional with superior knowledge of Phase I Environmental Site Assessments, Phase II and III Site Assessments, geology, hydrogeology, and remediation. Unfortunately, many Phase I ESA companies utilize junior staff with little to no Phase I or II ESA experience to perform your site visit, review the Subject Property history, and prepare your report. Senior level personnel may only perform a cursory review of the final results.. Don't be caught with a poorly researched and poorly written report! Your liability is on the line. |
Phase I Environmental Site AssessmentsFor sites where environmental risk may be encountered and a higher level of confidence is required for environmental risk business decisions, and legal protection under All Appropriate Inquiries is required,
GEOTERREN will perform a Phase I ESA using the ASTM E-1527-21 Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process.. Geoterren’s Phase I ESA includes an evaluation if the Subject Property is:
The Phase I ESA report includes:
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Environmental Transaction ScreensFor sites where some environmental risk may be encountered and a higher level of confidence is required than a desktop review, but no legal protection under All Appropriate Inquiries is required,
GEOTERREN will perform an Environmental Transaction Screen (ETS). In such cases, ASTM E-1528 Standard Practice for Limited Environmental Due Diligence: Environmental Transaction Screen Guidelines are utilized. The ETS includes:
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Desktop Review ReportFor properties where minimal environmental risk is expected and no legal protection under All Appropriate Inquiries is required, GEOTERREN will prepare a Desktop Review Report (DRR) which includes evaluation of a Radius Map Report (RMR) for your Property.
The RMR identifies if the Subject Property is:
The DRR deliverable includes a letter report summarizing the results of the evaluation and the RMR, and recommendations for further action, if deemed appropriate. Turnaround time on a DRR is usually between 3 and 5 business days. Under the desktop assessment, no site visit is performed. Cost Range: $300 to $500 |