Glossary

All Appropriate Inquiry- AAI

American Society for Testing and Materials- ASTM

Business Environmental Risk

Comprehensive Environmental Response, Compensation and Liability Act- CERCLA

De minimis conditions

Environmental Professional- EP

Environmental Site Assessment- ESA

Historical Recognized Environmental Condition- HREC

Recognized Environmental Condition- REC

Secured Creditor Exemption / Lender Liability Amendments

Expected Useful Life (EUL)

Fannie Mae Physical Needs Assessment (PNA)

Freddie Mac Property Condition Report

HUD/FHA Project Capital Needs Assessment (PCNA)

Immediate Repairs Table

Physical Deficiencies

Probable Maximum Loss (PML)

Property Condition Assessment / Property Condition Report

Remaining Useful Life (RUL)

Replacement Reserve Table

Scenario Expected Limit (SEL)

Scenario Upper Limit (SUL)

Cost to Complete

Pre construction document and cost analysis

Construction Progress Monitoring

Mid-Construction Compliance Inspection

Annual Deferred Maintenance Inspections and Monitoring

Budget Review