If you are buying a new commercial property or industrial site and require funds from a financial institution, it is likely that you would be asked to submit a Phase I Environmental Site Assessment report. Environmental Site Assessment basically tries to identify and finally offer remediation for possible or current contamination sources of soil, water and environment in general. There are four phases from I to IV, and reports and results from one can lead to the next. Below is a quick overview from Phase I to Phase IV.
- Phase I Environmental Site Assessment. This is the first visual inspection to find the actual environmental condition of the concerned property or site. It also involves considering the history of activities on the site and the current activities, as well, along with activities on adjacent sites. If there are signs of possible soil or underground contamination, Phase II is the next step. Check for test environnemental Groupe Ortam, which is affordable and quick.
- Phase II Environmental Site Assessment. If contamination presence is established in phase I, Phase II is initiated, where soil samples are taken and sent to an accredited laboratory for further investigation. The results are then compared to the limits set by the concerned department based on the zone of the site. If the results are well within limit concentrations, the investigation is stopped, or the next step or Phase III is initiated.
- Phase III Environmental Site Assessment. This is more about site characterization, where the extent of contamination is determined, which eventually matters in deciding the environmental rehabilitation program, which is Phase IV.
- Phase IV Environmental Site Assessment. Restoring the contaminated area and site is the final step in the process. Rehabilitation may involve a number of steps, including removal of underground tanks that are no longer in use and management and effective remediation of contaminated soils. Usually, contaminated soil is excavated and eventually disposed as per norms. After that’s done, soil characterization can be done to find the quality of current soil at the site.
Phase I Environmental Site Assessment is important for lenders and buyers alike, because it assists in understanding the true value of the site. In case there’s a need for site rehabilitation, the buyer can negotiate and get the property for a better price, considering the cost of clean-ups and other expenses. To get Environmental Site Assessment done, contact one of the known companies now!