Phase I and II
Environmental Site Assessment
Specco Environmental Inc. provides quality Phase I & II Environmental Site Assessment (ESA) Reports that adhere to ASTM Standard Practice E1527-13 and the All Appropriate Inquiry (AAI) 40 CFR Part 312 rule.
We have completed thousands of environmental assessment, remediation, and permitting projects throughout the US for industrial, financial, government, commercial, and developers customers.
The Phase I ESA is a report prepared for a real estate holding to identify potential or existing environmental risks and contamination liabilities. Inspection of the site includes examination of potential soil contamination, groundwater quality, and surface water quality.
The Phase I is generally considered the first step in the process of environmental due diligence. If a site is considered contaminated, a Phase II Environmental Site Assessment may be conducted, a more detailed investigation involving chemical analysis for hazardous substances and/or petroleum hydrocarbons.
Where necessary a Phase II ESA will study the general geology and hydrogeology of the area from previous studies and representative soil boring samples and will conduct laboratory analysis. The purpose of these samples is to determine the presence of any contaminant and delineate the vertical and horizontal extent of the contaminated area.
We have completed thousands of Phase I & II ESA reports for a wide range of property types including commercial real estate transactions, lender financing, owner re-financing, foreclosures, and other programs. Our specializations are fast completion and low cost quality reports prepared by our experienced staff and all are directed by environmental professionals.
Environmental Due Diligence
Environmental due diligence is a critical component of any property or site transaction where potential environmental risks are a concern. Specco Environmental can help you minimize risks and protect yourself by identifying and quantifying environmental liabilities.
Environmental liabilities can be large and hidden, and there are many examples of unrecognized liabilities relating to land or water contamination, or impending permitting requirements that can cost purchasers and lenders an unforeseen amount of fees dear and, in some cases, they can result in criminal penalties. A careful examination of the assumptions underlying existing environmental liability estimates can yield beneficial results.
Our environmental due diligence services offer the following benefits to our clients:
- Commercial advantage in land transactions
- Environmental liabilities are identified and quantified so that they can be managed
- Land value is maximized
Specco Environmental focuses on assessing and managing environmental risks. We are well placed to advise on how to manage liabilities associated with specific sites or properties.
Our services in support of environmental due diligence include:
- Environmental audit of facilities and operations
- Review of environmental information
- Transaction Screens
- Environmental Risk Assessments
- Phase I & II Environmental Site Assessments
- Onsite Reports
- Soil and Groundwater Investigations
- Underground Storage Tank Services
- Identification of Environmental Liabilities
- Strategic advice on risk and liability management
- Remediation services including verification and validation
What Environmental Due Diligence helps you do:
- Understand the broad framework of potential environmental liability imposed by state and federal regulations on parties involved in commercial real estate deals.
- Manage contaminated property transactions including brownfields redevelopment projects.
- Successfully negotiate the scopes of work for and complete Phase I and Phase II ESAs
- Stay on top of cutting edge issues such as environmental disclosure, institutional controls, financial and other cleanup incentives, sustainability, vapor intrusion, and more.
- Know the latest requirements and be fully prepared to act on policy trends and changes to the law.
- Mitigate liability risks by creating an environmental risk management plan that considers environmental insurance, indemnification contracts, and compliance auditing.
- Anticipate cleanup requirements and associated costs, understand potential sources of cleanup funding, and understand legal issues related to cost recovery.
- Find analysis of state laws and policies affecting environmental due diligence that can impact your transaction.
- Rely on the most comprehensive and frequently updated information on state statutes available, including a state matrix of statutory and regulatory citations.
- Receive a walk-through of every detail you need to consider as part of environmental site assessments with comprehensive transaction checklists.
- Understand and consider the financial implications of all types of environmental risk, not just superfund liability.
Call us today on (321) 418-8994 or fill out the form on the right and we’ll call you back.