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 […]
Whether you are a lender or a property owner, a thorough understanding of the property is needed. A professional inspection company with prior experience can help. The Property Condition Assessment (PCA) and Facility Condition Assessment are very similar, but they are not the same. The objective nor the content of the two reports are not […]
Phase II ESA’s are usually required after a Phase I ESA predicts REC. The purpose of a Phase II investigation is to analyze through testing and sampling if the predicted contaminants exist. Phase II ESA’s are relatively more expensive than Phase I and take a longer time to complete. So, if you’re the buyer of […]
This blog assumes that the reader is aware of what a Phase I ESA is. If not, visit Phase I ESA on our website for more details. Most banks or lenders require a Phase I ESA before the buyer purchases any commercial or industrial properties. This helps them verify that there are no potential environmental […]
What is a Quantity Surveyor? The Quantity Surveyor is a professional who works in the field of construction management by providing effective cost control for the project. A Quantity Surveyor is not a Land Surveyor or a Building Surveyor. Quantity Surveyor should have adequate knowledge about Engineering, Construction Design, and Architecture. Quantity Surveyors help their […]
While selecting a reliable and competent Building Inspection Company, the following should be considered. A Building Condition Assessment objective is to outline physical deficiencies in that property and recommend repair and replacement cost. The Property Condition Assessment guide is ASTME_2018-15. Whether the inspection company is following the standard in preparing the report The Building Condition […]