What do Phase I Environmental Site Assessment costs include?
As we just discussed, there’s ordinarily a large variation in Phase I Environmental Site Assessment costs. Many people are intimidated when they learn that, but like any other service, there are a lot of factors involved.
For example, if you call up a car repair person and say that you need to bring your car in to get fixed, how much? Or if you called a landscaper and want a new garden, how much? Most likely, these companies will say it depends, let’s decide what you need before we give you a price that may be too low or way too high. Quoting the cost of a Phase I ESA is very similar, and before someone gives you a price, there are factors to consider. Despite who you end up preferring to conduct a Phase I Report for you, below are the key factors that influence the costs of a Phase I ESA.
Location influences Phase I Environmental Site Assessment pricing.
When it comes to estimating Phase I ESA costs, the location of the property is going to affect the price.
The price of Phase I Environmental Site Assessments depends on your property.
There are a few reasons for this, and to understand why you need to understand what a Phase I Environmental Site Assessment is. One key thing you should understand is the “research” part of the report. This part of the investigation involves reviewing historical records, documents, and reviewing information at governmental offices, if necessary.
There are services that virtually every Phase I ESA provider uses to streamline this process, but there is still is a lot of information to sort through, and the time spent doing this research influences the Phase I Environmental Site Assessment costs. So think about this, if you’re engaging us to work on a piece of property in the middle of nowhere, there probably isn’t much us to filter through because not much historical information exists (if there are no improvements to the property, there’s no paperwork) and the probabilities are that the adjoining and nearby properties are going to be similar as well (little to no development means little to no paperwork – most of the time). This means less time will be involved in the process. Since time is money, less time is less money.
On the other hand, if you hire us to handle a Phase I Report on a property in a highly industrialized area of a big city, we’re to have reams of data to investigate. In fact, we often work in large cities and receive historic information about properties and land use going clear back to the 1870s. That’s over 140 years of paperwork to review, often disseminated over hundreds of pages. Then consider going to a town hall, county offices, and/or getting information via FOIA requests, and we could be involved with thousands of pages of data. Naturally, that takes plenty of time and drives up the expense of a Phase I ESA.