DUE DILIGENCE

Business Challenge

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.

Solution

Why is environmental due diligence so important?
In terms of real estate, Environmental Site Assessments (often referred to as Phase I and Phase IIs) are the most common tools for evaluating site history and possible environmental liability. The Environmental Site Assessment is 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 a property.
When environmental conditions are identified during a Phase I Environmental Site Assessment, Bureau Veritas can investigate further to quantify and resolve environmental issues. We can tailor a Phase II Site Investigation to determine whether contamination exists – and if it does, define the type and extent of contamination. Additionally, we can provide cost estimates and timetables for addressing identified environmental liabilities so transactions can be properly structured.

What are the key benefits?
Effective environmental services are the basis for well-informed decisions regarding purchase, remediation, or legal action. Properly conducted assessments enable corporate managers, borrowers, investors, and lenders to fulfill due diligence requirements for all types of properties before purchase, sale, development, refinancing, or foreclosure.

Why Choose Bureau Veritas?

Experience 
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.

Technical Expertise

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.

Network

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 and manages the resources of various local offices to ensure client satisfaction. The top management of Bureau Veritas recognizes the importance of national accounts and provides full support to the national account managers.