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July 6, 2011

Got Contamination? Remedial Cost Estimates Can Help

By Joseph Derhake, PE

Quantifying Environmental Contamination by Estimating the Remedial Costs Can Allow a Deal to Move Forward

In the good state of the world, four out of five Phase 1 Environmental Site Assessments come back with no further recommendations. But what about in the bad state of the world?

In the bad state of the world, the Phase 1 ESA recommends Phase 2 Environmental Testing and then the Phase 2 Environmental Report comes back hot. Often the deal dies, but what if you still want to do the deal? Financial clients sometimes say that they can do the deal if they can just put a reliable number on the environmental contamination. The goal is a reliable Remedial Cost Estimate.

Continue reading the GlobeSt blog here.

About the Authors

Joseph Derhake, PE

Chief Executive Officer

Joe Derhake, PE, serves as CEO of Partner Engineering and Science, a global environmental, engineering, and energy consulting firm. A registered Professional Engineer for over 25 years, Mr. Derhake has touched thousands of commercial real estate projects, from development and transactional due diligence to site remediation, asset optimization, ESG initiatives and more. His clientele includes many of the world’s largest lenders, real estate investors, and corporations. Mr. Derhake is a registered civil engineer in multiple states. He holds a bachelors degree in civil engineering from Michigan State University and Masters in Business Administration from University of Southern California.

Get in Touch

Joseph Derhake, PE
(800) 419-4923
[email protected]

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