Environmental Site Assessments
From Assessment and Compliance
The objective of a Phase I Environmental Site Assessment (ESA) is to assess the presence of or potential for environmental concerns associated with current and past Property use as well as potential impact to the Property from off-site environmental concerns. The Phase I ESA consists of several components, including the following: visual inspection, historical records review, regulatory records database review, limited hazardous materials assessment and specific, detailed recommendations for addressing or correcting any identified concerns. With the aid of a Phase I ESA, property owners, prospective buyers and lenders can fully understand the potential for environmental impact to the site and evaluate the liability associated with past or present site use and operations.
The American Society for Testing and Materials (AS...
The American Society for Testing and Materials (ASTM) Designation: E 1527-00, Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment (Phase I ESA) standard evolved from the innocent landowner defense. The standard defines good commercial and customary practice for conducting environmental site assessments, and minimizes liability associated with property acquisition. The ASTM scope of work consists of a thorough visual inspection of the real estate and surrounding areas to observe all physical features and establish the natural setting, including the collection of any evidence of past and present environmental contamination. It is in strict accordance with this standard, at minimum, that GUIDEWIRE prepares each Phase I ESA.
To meet the needs of buyers and sellers of real pr...
To meet the needs of buyers and sellers of real property, and to help protect the interests of lenders by determining a site's condition in the context of potential legal responsibilities and costs, GUIDEWIRE performs environmental site assessments and property transfer audits of both vacant and improved properties. The Phase I ESA is the most thorough assessment for ensuring that you are obtaining commercial real estate without environmental worries. To meet these demands, GUIDEWIRE developed a unique protocol to standardize field data collection using handheld computers. Field data is electronically transferred to our secure web-based central data resource and an automated draft report is immediately obtainable. GUIDEWIRE's Senior Staff Members then compile and review all final reports at our Technical Service Center. To simplify the process of selecting a consultant and ordering due diligence services, GUIDEWIRE created esaQuote.com, an internet site providing instant online quotes for a variety of due diligence services, as well as allowing you to order and contract for these services.
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