Environmental Audits and Site Assessments
Today’s real estate transactions include more than mere inspections of the physical property. More often than not, potential buyers are investing in an environmental audit or site assessment before making any purchase.
In performing an environmental audit, Pinnacle investigates the property and surrounding area to determine if the site and/or structure has been contaminated with any toxic substances or hazardous materials. In addition, we determine if the facility is in compliance with current environmental regulations, such as permissible air and water emissions requirements. Environmental Audits are accomplished in three progressive phases:
Phase I - Preliminary Environmental Review
During this phase, we evaluate the site history and assess the pertinent regulatory compliance issues. We’ll also make a field reconnaissance investigation/inspection. Based upon our findings, conclusions and recommendations are developed and provided to our client in a comprehensive report. After a review of the initial findings, the client then determines if the site assessment will continue in a more detailed fashion, or be terminated.
Phase II - Remedial Investigation
The audit continues by utilizing the information compiled in Phase I develop a detailed, site-specific sampling and analysis strategy. Phase II is designed to target the various contaminates suspected at the site. The purpose of the sampling strategy is to identify particular hazardous constituents which may be present at the site, to evaluate the extent of the contamination, and to help us estimate the financial impact upon the parties involved.
Phase III - Planning Corrective Action
The analytical results of the various air, soil, water and other samples collected in Phase II will dictate the decision to proceed into Phase III. If this audit is necessary, the specific remedial needs at the site will be engineered and managed to facilitate an efficient and cost- effective course of action. In addition, legal requirements will be explained, along with suggestions for disclosures to the appropriate regulatory agencies.
Efforts are then made to plan and implement site reclamation. Regulatory and buyer clean-up standards are discussed, and preparations are made to meet them. Evaluation and selection of remedial action technologies are developed, and re-mediation systems, if necessary, are designed. At this point, the specific site clean-up plan is implemented. Cost and benefit analyses are continually updated during this phase.