Phase I Environmental Site assessments (ESA) are performed prior to the closing of commercial real-estate transactions to determine if recognized environmental conditions exist on a subject property. GeoMat performs Phase I Site Assessments in accordance with the most recent American Society for Testing and Materials (ASTM) Standard E 1527, Standard of Practice for Environmental Site Assessment: Phase I Environmental Site Assessment Process. This practice is the industry standard for conducting ESAs and is the basis for justifying due diligence satisfies the Comprehensive Environmental Response Compensation and Liability Act’s requirements for Landowner Liability Protections.
We are well versed in numerous, lender-specific scopes of work. Our ESAs include extensive documentation of a property’s environmental condition, providing resolution of detected recognized environmental conditions and, when necessary, recommendations to bring these conditions to closure.