"Environmental Guarantee Form and Variations" is a American Lawyer Media form. This is the environmental guarantee form with variations.
Wisconsin Environmental Guarantee Form and Variations
State:
Multi-State
Control #:
US-EG001
Format:
Word;
PDF;
Rich Text
Instant download
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How to fill out Environmental Guarantee Form And Variations?
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FAQ
Phase I ? preliminary site assessments. Phase II ? sub-surface contamination investigations. Phase III ? remediation and monitoring. Phase IV ? closure.
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.
This process includes reviewing site records, visiting the site, and interviewing individuals with site knowledge. Upon evaluation of commonly known and reasonably ascertainable information, the environmental professional provides conclusions and an opinion regarding appropriate additional investigation.
Phase I includes an examination of relevant records, interviews with owners, past owners and neighbors and an inspection of the property in order to identify recognized environmental conditions.
While phase I highlights the presence of contamination, phase II quantifies and substantiates the source and nature of contamination often by using qualitative and scientific principles. Therefore, property buyers and lenders need to understand the differences between the two assessments.
A Phase 2 Site Investigation involves the use of intrusive techniques such as borehole drilling and trial pitting, combined with other sampling and testing to help discover whether contamination the Phase 1 Desk Study concluded may be present on the site is indeed present and to determine its severity and/or extent.
A Phase I Environmental Site Assessment (Phase 1 ESA) is an investigation of a property's current and historical use. The process views and investigates a property in regards to former use in order to determine if there is a potential for hazardous conditions that might be present on the property.
The price of a Phase II Environmental Site Assessment can range from $5,000 to $100,000 or more depending on the complexity of the site and methodologies. Since no two Phase 2 assessments are the same, the cost can vary greatly.