Environmental Site Assessment Phase I versus Phase II

Environmental Site Assessment Stages, as we all know, are commonly used terms for real estate assets that categorize probable or existing environmental contamination liabilities. With respect to both the underlying land and the physical improvements to the property, the phase I environmental site assessment and the Phase II environmental assessment are of great importance.

The main distinction between Phase I and Phase II of the site assessment lies in the scope of work of the assessment.

Phase I guides for contamination through visual inspections, historical use surveys, and regulatory documents. The cost of the Phase I Environmental Site Assessment depends on different variables and job specifications and varies by company. Buying a commercial property requires a Phase I Environmental Site Assessment (ESA) because it helps buyers mitigate the risk associated with the purchase by identifying likely contamination.