Phase 1 Environmental Site Assessments
Scope of a Phase 1 Environmental Site Assessment
 

Environmental remediation projects can be very costly and time consuming for commercial property owners. Environmental remediation projects are often prompted by the results of a Phase 1 Environmental Site Assessment (also known as a Phase 1 ESA). 

A Phase 1 ESA has become a standard component of many actions related to commercial property including: apply for a loan from a new lender, applying for a land-use permit, or purchasing a property. A ESA is a report that is prepared for a property owner that identifies potential or existing environmental contamination liabilities. Some areas that a ESA covers include: mold, lead, asbestos containing building materials, soil issues, condition of roadways, locations of any stressed vegetation, regulatory research, property document review, presence of threatened or endangered species, mercury poisoning, risks from neighboring properties, and more.

Obtaining an ESA on a property can be very beneficial and even crucial in many cases. An ESA can: help limit liability for property owners, prevent or reduce certain environmental fines and sanctions, meet conditions for some loans from vendors, identify hazards on property that must be remediated and more.

Grand Slam Construction has created a resource that describes the scope of a Phase 1 Environmental Site Assessment (please see image).

About the Author:
Brian Morin - Grand Slam Construction, LLC.


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