Phase I Environmental Site Assessment

Environmental Data Resources (EDR) is a company that provides a multitude of services related to environmental site assessments and research. They provide database searches which identify UST sites, groundwater contamination, contaminated soils, superfund sites brownsfield sites, etc. In fact, almost every Phase I Environmental Site Assessment in the industry is going to have some information that was provided by EDR. They also own the country’s largest collection of Sanborn maps (aka fire insurance maps).

In 2005, the rules for Phase I ESA’s and due diligence changed. ASTM responded by publishing a new set of standards, ASTM-1527. EDR has been instrumental in getting the word out about the new changes. Amazingly though, many companies and environmental technicians or engineers are not fully up to speed on the new changes and are not performing adequate due diligence (all appropriate inquiry). Below is a portion of a report release by EDR:

Source: Environmental Data Resources, Inc. Published Feb. 7, 2005 PROPOSED FEDERAL RULE IS DRIVING CHANGE IN ENVIRONMENTAL DUE DILIGENCE, ACCORDING TO EDR’S 2005 ENVIRONMENTAL INDUSTRY BENCHMARK REPORT Milford, Conn., February 3, 2005—Purchasers of commercial real estate who seek environmental liability protection under CERCLA will, for the first time, be required to follow federal guidelines for property screening or risk losing liability protection—perhaps as early as year-end 2005. EPA’s impending “All Appropriate Inquires” rule not only specifies how a Phase I environmental site assessment (ESA) must be conducted, but who is qualified to conduct one. With implications for every commercial real estate transaction, the proposed AAI rule has environmental professionals who conduct ESAs gearing up for change. According to Environmental Data Resources’ 2005 Environmental Site Assessment Industry Benchmark Report, three out of four environmental consultants predict that the AAI rule will require a greater level of effort compared to current Phase I ESA practices. One in seven consultants, according to the report, falls short of EPA’s definition of “environmental professional.” By shrinking the pool of qualified consultants and adding new research and documentation requirements, the AAI rule, if finalized in its draft form, will drive up prices for Phase I ESAs… Report Also Reveals: • One in seven consultants is unqualified to perform site assessments under proposed AAI rule • Requests for add-on assessment services are on the rise • Environmental consultants are embracing new technologies to meet growing demands • SOX casts environmental due diligence in new light, creating opportunity for environmental consultants

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