Phase 1 Environmental Site Assessment

If you’re involved in (or planning to be involved in) a real estate transaction, the entire deal could be delayed due to existing (or potential) environmental issues. Conducting a thorough environmental due diligence assessment is critical! Without one, you could be held liable for any previous environmental issues (and cleanup costs) at the site.

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Is the Air In Your Home Healthy?

Liability Protection

Phase I’s, (as they are commonly called), help landowners receive liability protection should contamination occur in accordance with the Comprehensive Environmental Response, Compensation, & Liability Act (CERCLA, aka the Superfund Act). If the evaluation is not performed, you could lose your right to defend yourself against future environmental liabilities.

It’s a Federal Requirement

A Phase I ESA adhering to the American Society for Testing and Materials (ASTM) E1527-13 “Standard Practice for Environmental Site Assessments: Phase I ESA Process” meets the Environmental Protection Agency’s (EPA) standard for “All Appropriate Inquiries”.

Information We Need

Before we start our investigation we need information to keep the process as efficient as possible (let us know if it’s not available). If provided after the Phase I is completed, additional fees may be incurred to incorporate into the final report.

Client & Bank Name & Contact info
Bank’s enviro due diligence requirements (If financing).
Copy of the Property Survey or Site Plan (Older one is acceptable).
Complete contact Information of current owner (include e-mail & phone)
Complete contact information for all tennants (If rental).
Complete Title Binder (Deed if binder is not available).
Copies of historic Phase I’s or other Enviro / Eng Studies, Investigations done.
Utilities information

Turn-Around-Time (TAT) & Pricing

We require three (3) weeks (15 business days beyond weekends and Holidays) to complete a Phase I which costs from $1,800 - $3,800. The price depends on acreage, number of buildings, commercial/industrial use, etc. The clock starts One (1) business day after receipt of the executed contract, deposit & receipt of the information we need.

Exhibit - greenworks environmental llc nj

But I’m in a Hurry

We understand sometimes deals are time sensitive and they need to be expedited. No worries, we can expedite a Phase I investigation. But additional fees will be applied to RUSH projects.

Need More Information?

Shoot us an email and we will help get you what you need to figure this all out.

Why Use GreenWorks

GreenWorks specializes in conducting Phase I investigations on behalf of real estate transactions, mortgage divestiture and financial institutions. Rest assured, we have the environmental industry expertise needed to help you successfully navigate your next real estate transaction.