Finally, the findings and conclusions are assembled with the supporting documentation in a report. Although providing recommendations is not required, the report should include recommendations and cost estimates. In any event, the inclusion of recommendations should be discussed with the environmental consultant at the start of the assignment. However, inasmuch as environmental remediation costs are based on the size, level, type of contamination and the media impacted, and not the purchase price of the property or the amount of the mortgage, I do not recommend transaction screens for those taking any equity position in of a property. The checklist or questionnaire is to be filled out by at least three parties, usually the owner, the occupant and the person conducting the assessment.
Turnaround times range from two to three weeks, with three weeks being the norm.
IVI is a recognized firm headquartered in White Plains, N.Y., with branch offices in Washington, D.C., Miami, Dallas and Los Angeles. The company, which has extensive experience with investment banks, the CMBS market and rating agencies, conducts more than 1,200 Phase Is per year on behalf of developers, owners, buyers, lenders and insurance companies. In addition, IVI's Phase II and Phase III departments and asbestos department conduct investigations, and remediations and abatements throughout the United States. Inc. Please read our legal page before using this site.