A Phase I Environmental Site Assessment, commonly referred to as an ESA, or Phase I ESA, is completed to research the current and historical uses of a property as part of a commercial real estate transaction.
What is a Phase 1 Environmental Site Assessment Ontario?
The purpose of the Phase 1 Environmental Site Assessment (ESA) consulting report, as defined in the CSA Z768-01 Standard, is to identify potential site contamination through a process of collecting current visually accessible evidence on the site and the reviewing of background documents.
What is a Phase 1 environmental test?
Phase I Environmental Site Assessments are the introductory phase of investigating if there is a potential for environmental risk or contamination on a property that would affect its value and if additional investigation and testing is warranted.
What does a Phase 1 environmental cost?
The average cost of a Phase I Environmental Site Assessment is usually between $1,500 and $6,000 but can be more or less depending on different variables and specifics of the job. Anything less than $1,500 – be aware.
What is a Phase 1 and Phase 2 environmental assessment?
A Phase I primarily assesses the likelihood that a site is contaminated through visual observations, historical use reviews and regulatory records, while a Phase II assesses whether contamination is in fact present.
What is involved in a phase 1 environmental assessment?
A Phase I ESA typically includes the following: A site visit to observe current and past conditions and uses of the property and adjacent properties; … Interviews with current and past property owners, operators, and occupants, or others familiar with the property.
Why do I need a phase 1 environmental site assessment?
The purpose of the Phase 1 ESA is to perform adequate due diligence as part of the property transfer in order to limit the liability of property buyers from previously existing environmental conditions. … If they are discovered after you have purchased the property, you may have a liability.
What is a Phase 1 inspection?
A Phase 1 inspection is a review of local government documents regarding the site to determine what the past usage of the site was along with extensive document review of the surrounding area. It also entails a very involved and detailed site visit by a qualified professional.
How long is a Phase 1 Environmental Assessment Good For?
The simple answer is one year – if the Phase I ESA was completed more than 365 days ago then it must be re-completed as it is no longer valid. If the Phase I ESA was completed between 180 and 365 days the Phase I report must be updated where necessary.
Who pays for a Phase 1 ESA?
The lender may initially pay for the Phase I but, if the deal goes through, the Phase I is part of the closing costs paid by the buyer. The buyer: It’s also common to see the buyer arrange for the Phase I to be performed. Often, the reason the buyer seeks out a Phase I is because the lender says they need one!
How much does it cost to have an environmental assessment?
A Phase 1 Environmental Site Assessment cost varies depending on the location and characteristics of a property. As of 2021, the average Phase 1 Environmental price ranges between $1,800 and $3,500. And in rare instances, Phase 1 ESA prices can be as high as $6,000.
What is an environmental assessment?
Environmental assessment (EA) is the assessment of the environmental consequences of a plan, policy, program, or actual projects prior to the decision to move forward with the proposed action. … It is a tool of environmental management forming a part of project approval and decision-making.
What is the difference between Phase 1 and Phase 2?
Phase 2 trials are usually larger than phase 1. There may be up to 100 or so people taking part. Sometimes in a phase 2 trial, a new treatment is compared with another treatment already in use, or with a dummy drug (placebo). … This means the researchers put the people taking part into treatment groups at random.
What is a Phase 3 environmental assessment?
Phase III assessments include additional intrusive testing and a plan to mitigate environmental issues based on the results of the previous assessments. During this phase, the size and source of the contamination will be characterized through methods such as installation of ground water monitoring wells.
How much does a Phase II cost?
Typically, a Phase II ESA can cost anywhere from $5,000 to well over $100,000. Phase II ESA initial sampling activities (to determine if there is a problem) usually cost around $5,000. The success of the experience is tied to communication of needs and matching effort to the needs.