Fulcrum has delivered award winning services into number of sectors including Engineering & Construction Management, Due-Diligence, Site Cleanup & Remediation etc.
When a Phase I Environmental Site Assessment (ESA) classifies a recognized environmental condition (REC) or the potential for consequences to the subsurface at a locality, most consumers request to estimate the potential impacts by conducting Phase II environmental site assessment.
The presence of a REC or an environmentally-impacted property can hugely reduce its value. Stakeholders need to reduce liability and expected cleanup costs on their investment by conducting a Phase II ESA, in which a subsurface investigation tests soil, gas or groundwater to distinguish sources of environmental consequences.
If a purchaser or lender doesn’t have a full range and realistic picture of a seemingly limited REC, they could be leaving themselves exposed to hidden risk. The Phase II ESA can restrict this risk and, in many cases, it can also defend against substantial long-term costs and complicated environmental liabilities.
Objectives of phase 2 environmental assessment:
The main objective of a Phase II Environmental Site Assessment Report is to assess the presence, or absence of, petroleum goods or hazardous materials in the subsurface of the place. Trained geologists and engineers hold expertise in Phase II Environmental project design delivers these assessments as per the ASTM E1903-11 Standard Guide.
When planning a Phase II ESA scope, the phase 2 environmental site assessment professional accounts for any regions of concern, chemicals of concern, local geology and/or site access issues as well as local, state and federal guidance.
When you should go for a limited Phase II ESA?
There are circumstances in the due diligence process when a potential property landlord does not want to spend in a full Phase II ESA. They may alternatively opt for a limited Phase II sampling, which is conveyed to verify the presence of a pollutant and may be limited by areas sampled, number of units, media sampled or a combination. A client may conduct a limited Phase II ESA to assess the following scenarios to notify their transaction decisions:
●The distinguished REC from a Phase I ESA is secondary or limited in scope
●To demonstrate a REC that presents more of a risk than the buyer is ready to accept
●To classify a REC that needs more discoveries (a full-scale Phase II ESA) to confirm the extent of pollution.
If you are looking for an elite organization that can offer you outstanding environmental services at a reasonable phase 2 environmental site assessment cost, visit FULCRUM
Fulcrum Resources Environmental, which operates under its parent company Fulcrum Resources,Inc., is a full service environmental and engineering due-diligence firm with nationwide coverage.
