Environmental Site Assessments (ESA’s) have become one of the most important areas of concern for purchasers, vendors, financiers, real estate agents and lawyers involved in real estate transactions. Environmental liabilities of the site dictate the necessity for such evaluations.
Environmental Site Assessments provide valuable information to various interested parties:
- to the purchaser: in order that costly remedial action might be avoided
- to the vendor: interested in a profitable sale
- to the financier: interested in protecting the investment and collateral values of the property
- to the real estate lawyers and agents: desirous to protect their clients interests
An Environmental Site Assessment is undertaken in order to target areas of potential liability associated with former or present waste management practices. Additionally, the evaluation assists the client in making a business decision. The level of detail required is governed by the state of the property.
The process of evaluation consists of three steps:
Phase I:
- A background and historical data review.
- A visual inspection to identify potential concerns.
Phase II
- Sampling and analysis of suspect materials that may pose a health hazard and/or place a potential liability on the property.
- Identification of risks and hazards associated with the subject property.
- Recommendations for remedial action, if required.
- Cost estimates for remedial actions.
Phase III
- Preparation of specifications and tender documents for remedial actions.
- Completion of remedial actions.
- Work supervision and confirmatory testing.
Air Earth & Water Environmental Consultants Ltd. provides the client with a comprehensive report of its findings, identifying problem areas should they exist, thus enabling a reasoned decision to be made on the property.
Please feel free to call if you have any questions regarding Environmental Site Assessments or other environmental concerns. We will be pleased to provide a free (no obligation) quotation for any up-coming projects you may have.