ENVIRONMENTAL AUDITS & SITE ASSESSMENTS

By: Metropolitan Environmental Services  09/30/2014
Keywords: Environmental Site Assessments

METROPOLITAN’S SITE ASSESSMENT PROCESS Properties are typically evaluated in phases, beginning with an ASTM Transaction Screening Investigation (TSI) for visual or agency listed evidence of potential contamination on the property. A TSI offers a standardized approach to environmental due diligence that provides a generally acceptable degree of confidence about the environmental conditions of a property. If the Transaction Screening Investigation identifies an issue of concern, or if sufficient information is not available to eliminate a potential issue of concern, then a Preliminary (Phase I) Property Site Assessment for visual or historic indications of potential contamination would be conducted. If a Phase I Property Site Assessment does not identify existing or historic evidence of contamination, the site assessment is usually concluded without further investigation. However, if evidence of potential contamination exists, then additional investigation may be recommended, including second-phase sampling and analysis programs or more rigorous historic and agency record investigations (Phase II Property Site Assessments). If Phase II investigations confirm the presence of hazardous substance contamination, then further assessment and site remediation (Phase III) are typically recommended either to be completed prior to closing the property transfer transaction or to be adequately provided for in the valuation of the property. METROPOLITAN also provides environmental consulting services to facilitate timely and cost-effective assessment of properties. Among these services are technical review of third-party consultant reports (Environmental Record Reviews) and comprehensive reviews of client facilities and operations for compliance with environmental regulations and permits (Environmental Audits). We recognize the importance of adapting our services to meet the unique requirements of our clients.

Keywords: Environmental Site Assessments

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