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The ASTM has an established standard for a Transaction Screen ( E-1528 Standard Practice for Limited Environmental Due Diligence: Transaction Screen Process), which is considered by many to be a substitute for a Phase I Environmental Site Assessment.
PIERS ETS Components:
- A thorough site and surrounding sites inspection performed by a registered PIERS Senior Project Manager.
- The generation and review of a PIERS IHMS Radius Report for the subject site.
- A limited review of the chemical history of the site gathered from: interviews with owners and operators, and research of Historical: Sanborn Maps, and City Directories.
- A final report that includes the following categories:
- General Information
- Site Description, Use and History
- Adjoining Properties
- Site Inspection
- Summary of Historic Research
- IHMS Radius Report and review/analysis and
- Conclusions and Recommendations
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