PHASE I ENVIRONMENTAL SITE ASSESSMENTS (ESAs)
The fast pace of the commercial real estate and investment industry requires rapid financial decisions. To protect against potential litigation and remediation costs associated with environmental issues, financial institutions and corporations require environmental information before making a financial commitment. Due diligence is the investor’s process of investigating the details of a potential investment, such as examining operations and maintenance procedures, and verifying material facts.
Why is a Phase I Environmental Site Assessment (ESA) important?
Phase I ESAs are an essential part of any commercial or industrial real estate transaction. In general, these assessments are conducted to provide an independent professional opinion regarding the environmental conditions and/or liabilities, if any, associated with the property and are the most common tools for evaluating site history and possible environmental liability.
Bureau Veritas performs thousands of Phase I ESAs each year. We understand what is required to complete each job efficiently and recognize the need to receive concise and accurate information in a timely manner.
What do your Phase I Services include?
Our Phase I services include:
- ASTM Standard Practice E 1527-05 (meets EPA’s AAI requirements)
- Client-specific protocols
- Third-party (“peer”) reviews
- Assessment for visible microbial growth and moisture intrusion
- Assessment of asbestos, lead, radon, and potential vapor intrusion
Bureau Veritas also performs transaction screens for properties requiring relatively small loans.These involve a brief visual inspection of the property for obvious environmental concerns.
Why Choose Bureau Veritas?
As a firm, Bureau Veritas performs well over 3,000 high quality due diligence projects per year for a variety of clients, ranging from local developers to large institutional investors. Individual projects range from single assets to 200-plus site portfolios.
Our experienced staff of engineers, scientists, industrial hygienists, chemists, and field personnel – located in major metropolitan areas across the nation – offer extensive capabilities in the areas of health and safety, environmental management, remediation, testing, and analysis.
With more than 2,400 quality assurance, health, safety, and environmental professionals in over 60 offices across the nation, Bureau Veritas develops solutions that contribute to risk prevention and performance improvement to help organizations create long-term value through our technical and regulatory expertise.
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FAQ - Frequently Asked Questions
Can you help us on an “on-call” basis?
Yes. With our depth of locally-based experts and ability to leverage our vast resources, we can integrate with your firm’s operations quickly and efficiently at whatever level you require.
How do you manage portfolios with a national scope?
Bureau Veritas has offered a formal national account management program for well over 10 years, and understands the importance of quality, consistency, and timeliness in project deliverables, no matter the type of project or its location throughout the country. For large national clients, the designated client manager serves as the single point of contact.
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