What is the difference between a Transaction Screen and a Phase I?
Transaction Screens On properties where environmental issues are not suspected and environmental liabilities are believed to be minimal, e Phase performs pre-Phase I Environmental Site Assessments, also know as Transaction Screens. The elements typically included in a Transaction Screen include: Detailed on-site inspection Off-site reconnaissance Governmental database search Interviews with owner/operator(s) with historic knowledge of the site Interviews with local officials (fire marshal, township manager/engineer, health department, etc.) Report preparation Phase I Environmental Site Assessment e Phase handles Phase I Environmental Site Assesments for single sites and multi-state, multi-site mergers, acquisitions, and divestitures. All assessments are performed in accordance with the most current ASTM standard for your protection, and include extensive research of the history of the property.
Our goal in completing every environmental site assessment is to help everyone understand the potential environmental risks associated with a property. We provide clear and unambiguous assessment reports that allow decision makers to make confident decisions in the property transaction decision-making process. Our approach meets, and exceeds, ASTM guidelines and can be augmented with additional investigations to satisfy your needs. Transaction Screens A Screen is intended primarily as a commercially prudent or reasonable approach to conducting an inquiry designed to identify potential environmental concerns in connection with a property. Intended for use on a voluntary basis by parties who wish to assess the environmental condition of commercial real estate. Used on properties where environmental issues are typically not suspected and environmental liabilities are believed to be minimal. A Transaction Screen Process typically takes less than 10 business days to complete and consists of
