What is Transaction Screening?
A Transaction Screen is a preliminary, limited assessment of a property to determine whether a full Phase I Environmental Site Assessment is required. This practice is intended for use on a voluntary basis by parties who wish to assess the environmental condition of a property where a Phase I ESA is initially deemed to be unnecessary by the user and the parties do not seek CERCLA LLPs*.
How can GCE help you?
GCE performs Transaction Screens in conformance with the scope and limitations of the most current ASTM Practice Standards. GCE’s experienced staff performs all aspects of the Transaction Screen in a timely manner, providing a clear, concise report of the environmental condition of the subject property. GCE focuses on ensuring the user has the knowledge and the tools to make the utmost informed decisions regarding their property.
*This practice will not satisfy the practices that constitute “all appropriate inquires into the previous ownership and uses of the property consistent with good commercial or customary practice” as defined in 42 U.S.C. §9601(35)(B) to establish the Comprehensive Environmental Response, Compliance and Liability Act (CERCLA) Landowner Liability Protections (LLPs).