Learn More About Environmental Site Assessment

Dramatic changes in the way we use the environment calls for effective measures that would combat potential ecological hazards. With the rapid population growth and the ever-increasing industrial yards, it is no longer surprising to know that various institutions are working together with environmental consulting firms as a way of adhering to environmental due diligence.

Environmental Site Assessment is a part of any real estate function, whether it may be industrial, commercial or otherwise. It is carried out to assess any future liability which may affect the businesses’ operations. As a standard operating procedure, an environmental site assessment is done. This process is done to check for any contamination by testing indoor quality, getting soil and ground water samples, and conducting asbestos and lead inspection.

This generally begins with Phase I ESA. It starts with site visit and documentation analysis. Further investigation is done if proven to be necessary. The surrounding vicinity is also examined to see if a site proves to be risk for the nearby inhabitants.

State regulations mandate that environmental site assessment be observed to hamper potential risks and to avoid any sort of liability. If contamination is found, it could mean severe legal and financial accountability for those who are concerned. Furthermore, contamination may affect the value of the property, making it less appealing to future buyers.

A site consultant may evaluate the property for any kind of liability. There are standards and practices to be followed, and a site consultant sees to it that nothing is missed. A property owner may ask the site consultant for a Statement of Qualifications (SOQ) package which specifies the site consultants’ background and the services they provide.

Reasons why people want environmental due diligence followed varies. Aside from being directed by the state laws, real estate owners may specify their purpose on why they need the services of a site consultant. Some do it to obtain a loan, while others do it for contract negotiations.

Abiding by environmental due diligence will prove to be more beneficial to businesses, rather than detrimental. View it as an investment that will save you from further legal costs.