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November 4, 2013

Reporting The Results of A Due Diligence Investigation

By Partner ESI

SHOULD YOU REPORT THE RESULTS OF A PHASE II SUBSURFACE INVESTIGATION TO REGULATORY AGENCIES?

Frequently in the area of real estate due diligence, persons who engage consultants for a Phase II Environmental Site Assessment (Phase II ESA) face the question of whether or not they need to report data to regulatory agencies, and if so, who is ultimately responsible to do so. The answer to this question varies on a case-by-case basis, depending on three primary aspects: the regulatory jurisdiction of the project, the scope and results of the investigation, and the purpose of the investigation.

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About the Authors

Partner ESI

Partner ESI

Partner Engineering & Science, Inc. is a full-service engineering, environmental, and energy consulting and design firm with over 1,000 professionals with experts based in locations throughout in the United States, Canada, Caribbean & Latin America (CALA), and Europe. As industry leaders in due diligence assessments, they bring over 100 years of collective experience to complex engineering challenges and risk management in commercial real estate and development. Founded on technical excellence and client service, Partner's team includes licensed Professional Engineers, Environmental Professionals, Geologists, Architects, LEED Accredited Professionals, and other credentialed specialists who provide comprehensive solutions across the real estate lifecycle. Their deep expertise spans environmental site assessments, property condition assessments, seismic risk analysis, construction risk management, industrial hygiene, energy efficiency consulting, regulatory compliance, and more.

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