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

PREVIOUS PHASE I ENVIRONMENTAL SITE ASSESSMENT UPDATES

When a Phase I Environmental Assessment has become outdated, PIERS offers the Phase I Update in order to avoid the costs and redundancy of preparing an entirely new Phase I Report.

PIERS UPDATE Components:

• Professional, written review of the previously completed Phase I Report


• New IHMS Radius Report


• A thorough site inspection performed by a registered PIERS Senior Project Manager


• Completion of owner-operator interviews


• Brief report stating current property conditions and any recognized environmental conditions
Updates are utilized for Phase I reports that are no longer considered valid per AAI and ASTM Standards, that is, those reports completed more than 6 months prior. Phase I Reports older than one year require a new Phase ESA. PIERS will update other firm’s reports as long as the reports met AAI requirements and ASTM standards at the time they were completed.