The purpose of the Property Condition Assessment PCA, popularly called Building Condition Assessment (BCA), is to observe and report, to the extent feasible, on the physical condition of the subject property. The standard guide is ASTM_2018-15 is Baseline Property Condition Assessment. The PCA should have four components: Documentation Review and Interviews Walk-Through Survey Preparation of […]
Suppose you are a commercial property owner looking to buy or sell your property. Before finalizing your contract, a Phase I Environmental Site Assessment is strongly recommended if it wasn’t already made a requirement from the bank handling your primary financial transactions. A Phase I ESA is likely the cheapest form of due diligence and […]
As a property investor, determining the type of commercial/industrial building best suited for your business is already a challenging task. Various criteria must be taken into account while picking the property of your choice. The most important one is choosing a lot that fits your business needs the most as it is volatile to the […]
Generally speaking, contamination occurs when years of improper industrial activities have taken place on-site. This could be from unsuitable waste disposal methods or even pollution from agricultural activities. Soil contamination can also occur with the presence of underground storage tanks that leak. If the subject site had a landfill in the past, it also concerns […]
Environmental assessments are usually conducted to obtain information about the subject property and analyze its historical uses. These steps are taken to ensure that there is no potential for contamination. The assessments are also conducted to minimize any risks to human health or the environment. This article focuses on on-site inspection, precisely what a Preliminary […]
Environmental assessments are an essential step during any financial transaction of a property. Phase I ESA reports are usually required to determine the preliminary environmental liabilities associated with the subject property. The assessment is carried out to find if there is potential contamination. If contamination is suspected, then a Phase 2 Environmental Site Assessment will […]
Firstly what is property condition assessment (PCA)? PCA is a non-destructive method of inspection to highlight the current conditions of a property. A professional will do a walkthrough survey and perform property research based on interviews and document review. The professional will provide a detailed property condition report (PCR) conforming to ASTME_2018-15 standard, elucidating the […]
When facing issues with environmental contamination and liabilities, the process of hiring the best environmental consultant is critical to your success. Firstly, it is essential to understand the roles of an environmental consulting company. To generalize, most of them revolve around performing due diligence projects for banks during property financing or are capable of carrying […]
Whether you are building a residential home, strip mall, multistoried office complex, bridge, or stadiums, it is important to find the condition of soil on which the foundation will be supported. That is why it is important to do the site investigation to know the condition of the soil. Once the soil investigation is complete, […]
This blog assumes that the reader is aware of what a phase 1 site assessment is. If not, visit our website for more details. In summary, while purchasing any sort of property or land, environmental due diligence in the form of phase one environmental is usually required by the lender for mortgage approval. A purchaser […]