The BLDI Environmental RiskScan®: A Smart Place to Start

Let's be honest. Environmental due diligence isn’t the favorite part of anyone’s job.

Environmental due diligence is usually costly, with Phase I Environmental Site Assessments costing upwards of $2000. It’s complicated, defined by arcane regulations, with complicated terms and uncertain endpoints.

It’s fraught with legal, financial, and reputational risk. And while properly conducted environmental due diligence will save you money over the long run, the return on your initial investment often feels more theoretical than apparent.

There Must Be A Better Way. Introducing the BLDI RiskScan®

The BLDI RiskScan® is the first low cost starting point to the environmental due diligence process that can be used as a first step in the due diligence process and at a lower cost than a Phase I ESA. As a first step in the environmental due diligence process the RiskScan® provides a means to get a snapshop of your environmental risks and make smarter decisions. Every RiskScan® features:

  • Risk Scale. Know whether your property is low, moderate risk, or high risk (same scale as SBA).
  • Cost estimate. For every issue identified, you’ll know a probable range of costs for future action.
  • 10-business-day turn around or it’s free! Guaranteed.
  • Evidence-based conclusions. Every RiskScan is backed by topographical, historical, and documentary evidence.
  • Signed by a state-licensed professional. BLDI stands behind every RiskScan. You can rest easy knowing not just that your RiskScan was prepared by a licensed professional (i.e. engineer, geologist), and one you can actually call with questions.
  • Cost-protection guarantee. If you decide to go ahead with a full Phase I ESA after receiving the results of your RiskScan, BLDI will apply your investment in the RiskScan toward the cost of your Phase I as long as your property is in our service area (limited service area outside Ohio and Michigan).

How much does a RiskScan cost?

With a Phase I ESA costing in the range of $2000 and up from a reputable company, you’d be forgiven for expecting the RiskScan to cost $750, $1000 or more. When you consider that, if you need a Phase I ESA, you only pay the price difference, the RiskScan would be a bargain even at those prices.

So when we announced to our customers that they could get a RiskScan for just $465, they were stunned. One longtime customer said it best: “If I can get a RiskScan for $465, I’d be crazy to do anything else as a starting point.”

More than a Records Check

The big environmental database companies have begun selling a product that they’ve been calling a “property scan”. On first impression, the $400 or $500 price tag for a records check looks like a bargain. However, a records check is a poor substitute for a RiskScan.

  • The review is outsourced. You won’t know who reviewed your file, or whether they’re qualified.
  • It provides too little information. Finding out that there could be a risk doesn’t tell you how much it will cost, or help you decide how to proceed.
  • If you do need a Phase I ESA, you will have wasted your money on a records check.
  • With the SBA Environmental RiskScan® you can even meet SBA’s stringent guidelines for smaller loans.

 

Option:

BLDI RiskScan® 

Records check

Phase I ESA

Doing nothing

Cost:

$495

$295 to $595

$2000 - $3000

$Unknown

What you get:

* All the critical information for initial smart risk-management* A certified, signed review including all documentation and explanations

* Too little information for smart risk-management* Too many unanswered questions

Provides detailed information, liability protection (if AAI-compliant) and environmental status at a cost of time and money. Can cost upwards of $2000 from a reputable firm.

 

The risk of multi-million dollar liabilities for environmental litigation

Time frame:

10 business day guarantee*

about 2 weeks

weeks to
months*

None

If a Phase I ESA is found to be necessary:

You're covered. Our Cost-Protection Promise will apply the price of your RiskScan to your Phase I ESA

You’ve wasted valuable money and time waiting for a records check.

You're covered

You're sunk

 

*BLDI continues its 10 Business Days or Free! guarantee for Environmental RiskScan or Phase I ESA. @ online ordering and quantity discounts.

You Have Nothing to Lose

With a BLDI RiskScan®, if your property is assessed to be at moderate- or high-risk, and you do in fact need a full Phase I ESA, we’ll apply your investment in a RiskScan® to the cost of your Phase I ESA. In effect, you get your RiskScan free.

And, if our clients find they DO have a clean-up job on their hands, well, we do that too. When you look at it this way, why would you ever spend $2000+ to order a Phase I ESA without ordering a $465 RiskScan® first? Order your BLDI RiskScan® Online

Questions? Please call John Michalec at 616-459-3737.