Environmental Phase 1 & 2 Site Assessment News
We have been increasingly concerned about many Phase 1 reports that include recommendations for Phase 2 work. We therefore are offering a free training course on the purpose of a Phase 1 and how they relate to Phase 2 investigations. The purpose of this course is to clear up some of the confusion that is prevalent in this process.
It is our opinion that much of the reasoning for the necessity of the additional work is not based on specific concrete observations or other information by inspectors. This is bad enough in itself, but can become even worse if a Phase 2 is performed based on faulty Phase 1 information. The reader of a Phase 1 report should be able to determine why there is a problem, where it is and what the likely contaminant is.
As you know, a Phase 2 recommendation in a Phase 1 report is a problem for the banks, brokers, buyers and owners involved in a real estate transaction for the following reasons:
1) A Phase 2 investigation may add 4 to 6 weeks or more to the due diligence period resulting in escrow issues.
2) A Phase 2 may add significant cost ($5,000-10,000 or more) which could jeopardize the transaction.
3) If a Phase 2 is performed that is not sufficiently focused, it will not provide sufficient information to resolve the issue. 4) If a Phase 2 is performed that discovers contamination, additional investigation may be recommended leading to even further delays.
Please contact us if you have any questions. We look forward to presenting this course at your convenience.
Best Regards,
David Siegel
510.247.9885 X304
dave@eras.biz
| TOPIC | NEWSLETTERS |
|---|---|
| Due Diligence | Nov 2002, Dec 2006 |
| Brownfields | Nov 2004 |
| Phase 1 | Dec 2005, Dec 2006, Sept 2007, Feb 2008 |
| Environmental Transaction Screen (ETS) | Dec 2006, Feb 2008 |
| Electronic Reporting | Dec 2005 |
| Pitfall of Condominimums | Dec 2005 |
| Phase 2 costs | Sept 2007 |
| Professional Geologist (PG) | Sept 2007 |
Contact
ERAS Environmental, Inc.
1533 B St. Hayward,
California, 94541
Ph: 510-247-9885
Fax: 510-886-5399
Email:info@eras.biz
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