Name: Calibre Commercial Inspections
Address: 10400 Overland Road, Ste 250, Boise, ID, 83709, US
Telephone: +1-208-305-6245

Why it matters

Lenders commonly require a Phase I, and buyers use it to support landowner liability protections under CERCLA. An environmental professional must perform it. A Phase I is presumed viable for 180 days before acquisition, with some components updatable within one year.

Source: store.astm.org

Where we discuss it

Related terms

Recognized Environmental Condition (REC): A recognized environmental condition is the presence, likely presence, or material threat of a future release of hazardous substances or petroleum products at a property due to a release to the environment.
All Appropriate Inquiries (AAI): All appropriate inquiries is the process of evaluating a property's environmental conditions and assessing potential liability for contamination, under the EPA rule at 40 CFR Part 312.
Environmental Professional (EP): An environmental professional is a person with the education, training and experience to exercise professional judgment about conditions indicating releases or threatened releases of hazardous substances at a property.
Phase II Environmental Site Assessment: A Phase II Environmental Site Assessment is an investigation, often with soil, groundwater or vapor sampling, that evaluates whether substances are present at a property, following ASTM E1903.

Full glossary

Phase I Environmental Site Assessment

Why it matters

Where we discuss it

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