Conducting a Phase 1 Environmental Site Assessment or a Transaction Screen Assessment
A Phase I Environmental Site Assessment is an official report procured by individuals, lenders, or financiers within a commercial or rural property transaction. The process identifies potential environmental concerns on a property with a thorough investigation, consultant experience, and consultant knowledge. It is easier for the potential buyer as through Phase I, he can get due diligence before purchasing a property. With the detection of potential environmental concerns, the buyer can make an informed buying decision-purchase or include the purchase price's remediation costs. Learn some few things that are expected when getting a Phase I : The environmental consultant or related company will confirm its requirements and essentials to the buyer. A Careful Examination - The environmental consultant company performs several jobs to conduct a site assessment. Some of the tasks included are: 1 . Site visit examines the property and notes findings of water storage, water pollutio