Phase I & Phase II Environmental Site Assessment

The Phase I Environmental Site Assessment (ESA) (ASTM E1527-05) is the first step in the traditional Environmental Due Diligence (EDD) process. A Phase I provides environmental liability assessment and mitigation, quantification, and risk assessment.

BLDI is highly experienced in conducting Phase I and Phase II ESA's. Our unique process balances the need to maintain a timely schedule with the requirement of the highest accuracy in data development and report conclusions. This process is one reason the most stringent lenders in the Midwest have approved BLDI as a preferred vendor for their EDD projects.

BLDI’s guaranteed schedule of 10 Business Days or Free!™ helps clients get data on the environmental status of the property quickly to help keep the deal process flowing. Since implementing this process in 1997, BLDI has conducted well over 1,000 transaction projects with a schedule compliance rate of over 99.9%.

BLDI continues to improve its services to assure that the product fits into the needs of the overall deal structure. In many cases the Phase I ESA identifies Recognized Environmental Conditions (RECs) that require additional work to mitigate. BLDI's staff has significant experience in complex transactions which allows them to identify issues early in the process which many times mitigates "deal killing" problems.

The Phase II ESA is where Recognized Environmental Conditions (RECs) are investigated, usually through the collection of soil or groundwater samples. The scope and cost of the Phase II ESA is driven by the methods developed to address the REC(s). We at BLDI try to practically resolve RECs with investigative work. However, we recommend that the client and their advisors need to consider the lenders environmental policy when assessing the EDD process, including the Phase II ESA.