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Written By: Doug Ruhlin | May 13, 2014
Time to Read 3 Minutes
We just wrapped up a fairly large batch of Phase I environmental site assessments, and spent some time afterwards discussing changes in the process with our client. They had heard there were some updates regarding what needed to be done during various stages, and wanted to know if that could potentially impact the findings.
If you've heard of the changes, that's great! If not, it's ok too. These changes are important to know, since these changes may make a real difference in how the Phase I environmental site assessments are conducted, including how long they take and yes – even how much they cost.
Not knowing these changes could mean the difference between getting a Phase I that meets current standards, which is acceptable to your lending institution or investors, and getting a Phase I ESA that doesn’t cut it or offer you any protection.
The Phase I environmental site assessment standards I'm referring to are known as ASTM 1527-13 (American Society of Testing & Materials). So what’s new in ASTM 1527-13?
So what do these changes mean to you? Most likely, Phase I ESAs will take longer, and may be more expensive than they were in the past. This of course is providing you are considering the use of a competent firm to do the jobe, who is aware of these changes, and has implemented them into their processes. Bottom line: you should plan on starting the Phase I ESA process as early as possible, especially with these new changes.
Let us know if you have any specific questions regarding these changes, or any other aspect of the Phase I ESA process by clicking here to contact us or giving us a call at 609-693-8301.
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