Call Us: (800) 419-4923
 Call Us: +44 (0)20 3865 7701
 Call Us: (787) 822-8377
 Call Us: (437) 855-4925
Partner Engineering and Science, Inc.
Partner Engineering and Science, Inc.
You are here: Home » Resources » Articles » Contamination Discovery Rates

February 13, 2024

Contamination Discovery Rates

By Kathryn Peacock

Contamination Discovery Rates

By Kathryn Peacock, Partner Engineering and Science, Inc.; Vanessa Chambers, Nova Consulting; John Green, Green Environmental Management; and Tim McGahey, AKT Peerless Environmental Services

Published in EBA Journal, Winter 2024 | Volume 9, Issue 1

Contamination Discovery Rates 2024 - Environmental Bankers Association Winter Journal“Why Do I Need a Phase II Investigation?” How many times have we heard these words? Be it from our clients, loan officers, or borrowers, it is a common question because a Phase II investigation requires additional expenditures and time. From experience, environmental professionals inherently know what property types or features have a higher likelihood of contamination, and prior Environmental Bankers Association (EBA) studies (2012 and 2015) have provided pertinent information around the likelihood of contamination.

Nevertheless, in 2023, a new study offering more in-depth research into the frequency of contamination was undertaken by fifteen EBA member firms (including Partner Engineering and Science, Inc.). The resultant dataset is much larger than prior studies and provides conclusive evidence to substantiate the recommendation for additional investigation. This blind, unbiased data collected from Phase II investigations across multiple states promises to be extremely valuable to both environmental and commercial real estate professionals.

[  Download the Full Article  ]

 

Other Resources You Might Like


Let us be your Partner

Learn how we can support your next project or share insights via our newsletter.
crossmenuarrow-up linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram