What is involved in a phase 1 environmental assessment?
A Phase I ESA typically includes the following: A site visit to observe current and past conditions and uses of the property and adjacent properties; Interviews with current and past property owners, operators, and occupants, or others familiar with the property.
What is a Phase 1 inspection?
A Phase 1 inspection is a review of local government documents regarding the site to determine what the past usage of the site was along with extensive document review of the surrounding area. It also entails a very involved and detailed site visit by a qualified professional.
How much does a Phase I environmental site assessment cost?
Phase I environmental site assessment costs usually start at around $1400 but can go up to $4600 or above, depending on the size and complexity of the site assessment. Some firms are open to discounting the price if you need multiple reports, thus lowering the total cost of the Phase 1 ESA process.
How long does it take to do a Phase 1 environmental report?
A Phase 1 ESA takes anywhere from 2 – 3 weeks.
What does a Phase 1 include?
To start, a Phase 1 ESA rigorously studies the historical and current land-uses of a property. Additionally, it documents the likelihood of contamination from that history. And modernly, it considers outside contamination sources. And the property may still have underground storage tanks and contamination, from it.
Why do I need a phase 1 environmental site assessment?
The purpose of the Phase 1 ESA is to perform adequate due diligence as part of the property transfer in order to limit the liability of property buyers from previously existing environmental conditions. If they are discovered after you have purchased the property, you may have a liability.
How much is an ESA Phase 1?
The cost of a Phase 1 assessment can be between $3,000 and $5,000, while Phase 2 assessments can range from $7,000 to $60,000, depending on the environmental issue. “You can stop and walk away at any time during this process,” says LaBossière.
How long does a site assessment take?
It can take anywhere from a few days (extremely quick and simple projects) to a month or more. As a general rule, we say a few weeks to a month or two is pretty average and should be sufficient.