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Environmental Due Diligence Services
The staff members of Patriot Environmental Management are fully qualified to perform Phase I and Phase II Environmental Site Assessments (ESAs) in accordance with ASTM Standard E1527-05 Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process, July 2005, which was developed to provide environmental professionals with a consistent framework for performing Phase I Environmental Site Assessments.
A Phase I ESA is generally performed on behalf of a buyer, seller, broker or lender who is involved in the purchase, sale or lease of a property. A lender will typicially require a Phase I ESA in order to assure that properties do not possess recognized environmental conditions that could either diminish the value of the property, affect the ability of the borrower to repay a loan, or to establish a baseline to allocate responsibility for possible remediation costs.
The goal of a Phase I Environmental Site Assessment is to identify recognized environmental conditions as defined by ASTM Standard E1527-05.