In today’s world where every property is subject to potential environmental risks a Phase 1 Environmental Site Assessment or ESA is an appropriate action to take. An ESA can help determine if the property has been contaminated by previous or current activities.
The ESA can help protect the purchaser of a property from environmental risks prior to the closing on a property. Lenders commonly require and ESA because it helps the lender determine if any environmental risks found could devalue the property or impact a borrower’s finances.
The Phase 1 includes 3 main components:
The Phase 1 ESA does not include:
Because the phase 1 focuses on hazardous contaminants or petroleum it may not pick up the following additional contaminants:
These items may be identified during the Phase 1, but further testing would be required to determine the presence or absence of these contaminants.
Who Can Perform a Phase 1 ESA?
The Phase 1 ESA must be performed by, or under the supervision of a qualified environmental professional. That professional must have specific education and experience. The data and conclusions of the ESA are provided in the Phase 1 ESA Report which is provided as a deliverable by the consultant performing the Phase 1 ESA. The report will also provide recommendations for addressing problems, or concerns which may be followed up by a Phase 2.
GWS Environmental Contractors Inc. partners with a number of environmental consulting organizations. Each of GWS’s partners provide expertise in environmental consulting from phase 1 through remedial action as well as professional witness services. GWS is positioned to provide the real estate and development industries and legal professionals with environmental services, tank removals and professional services like phase 1 and remediation services. GWS can react quickly to real estate transactions that have environmental concerns before or during a real estate transaction closes. GWS performs services such as residential and commercial tank removals, soil and groundwater remediation, indoor air scrubbing using carbon filtration, vapor mitigation,
For more information on how GWS Environmental Contractors Inc. can help you please call us at 732-297-4847 or visit us on the web at www.gwscontractors.com