Phase I Environmental Audits

Phase I Environmental Audits: The Ultimate Protection for Your Property Investment

Purchasing a property can be an exciting and rewarding experience. However, before finalizing the deal, it is essential to conduct due diligence to ensure that no hidden environmental liabilities are associated with the property. One crucial step in this process is the Phase I Environmental Audit.

A Phase I Environmental Audit is a systematic assessment that evaluates the environmental risks and potential hazards associated with a property or facility. This audit is crucial as it identifies potential or existing environmental contamination liabilities. If left undiscovered, these liabilities could cost thousands of dollars in fines, clean-up costs, and lawsuits.

A Phase I Environmental Audit is a systematic assessment that evaluates the environmental risks and potential hazards associated with a property or facility. This audit is crucial as it identifies potential or existing environmental contamination liabilities.

Benefits of a Phase I Environmental Audit

Here are some benefits of purchasing a Phase I Environmental Audit:

  1. Reduced Financial Risk: A Phase I Environmental Audit identifies potential environmental contamination liabilities, allowing buyers to factor any potential costs into the property’s purchase price.
  2. Environmental Compliance: A Phase I Environmental Audit is conducted to comply with ASTM E1527-13 and meets the American Society for Testing and Materials criteria. This ensures that the buyer satisfies all regulatory requirements and reduces the likelihood of costly penalties for non-compliance.
  3. Enhanced Reputation: A Phase I Environmental Audit enhances a buyer’s reputation for being environmentally responsible and shows their commitment to protecting the environment and their stakeholders.
  4. Better Decision-Making: A Phase I Environmental Audit provides buyers with detailed information about the property, allowing them to make informed decisions regarding the purchase.

Standards and Regulations

Barrels of hazardous waste must be properly disposed of at a hazardous waste recycling center.

Phase I Environmental Audits adhere to strict standards and regulations to ensure that they are comprehensive and reliable. These standards and regulations include:

  1. ASTM E1527-13: This standard is the current industry practice for Phase I Environmental Audits. It includes guidelines for identifying potential or existing environmental contamination liabilities.
  2. EPA – Innocent Landowners, Standards for Conducting All Appropriate Inquiries: EPA Innocent Landowners: A Phase I Environmental Audit conducted prior to the closure of a real estate transaction can be used to satisfy the requirements of CERCLA’s innocent landowner defense under All Appropriate Inquiries (AAI).
  3. State and Local Regulations: Many states and local jurisdictions have specific regulations governing Phase I Environmental Audits. It is essential to work with an experienced consultant who is knowledgeable about local and state requirements.

Qualifications and Expertise

Stuart D Bagley, MS CIH CSP is a testifying expert with an advanced degree in Industrial Hygiene and 30 years of experience.

Stuart D Bagley, MS CIH CSP of IAQ-EMF Consulting Inc.

When selecting a service provider for a Phase I Environmental Audit, it is essential to consider the consultant’s qualifications and expertise.

IAQ-EMF Consulting Inc. has over two decades of experience in providing comprehensive indoor air quality and electromagnetic field consulting services. Our Phase I Environmental Audits are performed by expert environmental consultants who will review a wide variety of available information about the site and the operations that have been conducted on it. All our consultants are Certified Industrial Hygienists (CIH) and Certified Safety Professionals (CSP).

Ensure a risk-free property transaction by contacting IAQ-EMF Consulting Inc. Our team of experts will perform a thorough Phase I Environmental Audit in compliance with ASTM standards, identifying any potential environmental risks and liabilities associated with the property. Contact us today to schedule a meeting and ensure a secure investment.