Environmental Due Dilligence
As an organization acquires or divests assets such as properties, it must evaluate and manage the potential risks presented. Most organizations manage environmental risk identification through the environmental due diligence process. The environmental due diligence process is a specialized one and most organizations do not have in-house resources to accomplish these services. As a result, these activities are typically contracted to professional environmental engineering firms such as BB&E.
Unlike many firms, BB&E does not take a “cookie-cutter” approach to environmental due diligence, the experts at BB&E can right size the environmental due diligence process for you by evaluating each opportunity based on an organization’s project specific risk tolerance (material threshold) or internal policies. Whether your organization is involved in a multisite transaction, a single location purchase, a lease, or a sale, BB&E has experienced environmental professionals that can work with your legal counsel to develop suitable environmental liability contract language based on your organization’s risk tolerance and the operational priority of the transaction.
BB&E can represent your position as a buyer, seller, lessor, or lessee of properties by providing environmental due diligence services such as:
Phase I ESA – ASTM E1527 – 05, Phase I Environmental Site Assessment Process (all appropriate inquiry);
Phase II ESA - ASTM E1903 - 97(2002), Phase II Environmental Site Assessment Process;
ASTM E1528 - 06, Standard Practice for Limited Environmental Due Diligence: Transaction Screen Process;
Baseline Environmental Assessments (BEA);
Environmental Reserve Support:
– ASTM E2173 - 07, Standard Guide for Disclosure of Environmental Liabilities;
– ASTM E2137 - 06, Standard Guide for Estimating Monetary Costs and Liabilities for Environmental Matters;
Ground Penetrating Radar (GPR);
Cultural & Natural Resource Assessments;
Wetlands Delineations/Environmental Impact Assessments;
Endangered Species/Archaeological Surveys;
Freedom of Information Act (FOIA) Searches; and
BB&E’s pragmatic approach to environmental due diligence, low overhead, and flexibility can reduce your organization’s costs and provide sound environmental advice for your next property transaction.