Terraphase prepares Phase I Environmental Site Assessments (ESAs) in accordance with the ASTM International (ASTM) E1527-21 Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process, to assess for potential liabilities and to provide release of liability under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA). Phase I ESAs are non-intrusive evaluations that achieve the following:
- Risk Mitigation: Uncovers hidden environmental hazards, such as contamination from past industrial activities, which could lead to costly remediation efforts.
- Legal Compliance: Offers protections under CERCLA, shielding property owners from potential liability for contamination.
- Informed Decision-Making: Enables stakeholders to make well-informed decisions about purchasing, financing, or developing the property.
- Financial Protection: Minimizes risks associated with financing potentially contaminated properties, safeguarding lenders investments.
