A new version of ASTM E1527 standard for Phase 1 Environmental Site Assessments is expected to be completed this year.
The new standard would affect about 250,000 commercial real estate deals a year. One of the proposed changes could be interpreted to require the same level of historical research of adjoining properties as is done for the subject property. The assessment, in such a case, would require additional historical research to fill in data gaps for certain adjoining properties, which could increase the scope and cost of some reports and potentially delay transactions.
Other proposed changes add PFAS and other emerging contaminants to the list of “non-scope issues,” raising awareness of the issue that some may want to evaluate as is commonly done with asbestos and mold. The draft new standard aims to call more attention to significant data gaps, a substantial piece of information that wasn’t feasible to obtain given time or budget constraints.
Data gaps would be assessed as to whether they materially affect the environmental professional’s ability to identify Recognized Environmental Conditions (RECs). The ASTM committee will continue to discuss, refine, and vote on proposed changes and has a goal of releasing the new standard by the end of the year.
Related Stories
Codes and Standards | Mar 23, 2017
New manual of IT connectivity guidelines for commercial developments, redevelopments released
Mobile capacity planning, conduit points of entry, and electrical resiliency are covered.
Codes and Standards | Mar 22, 2017
Brick Industry Assn. study finds brick buildings cost less than precast, metal, and glass
The study compares costs in five categories of construction.
Codes and Standards | Mar 21, 2017
Calif. shopping center is first to earn BREEAM USA In-Use certification
The certification measures and monitors environmental performance of existing buildings.
Codes and Standards | Mar 20, 2017
Professional liability insurance rates for architects and engineers expected to be stable in 2017
Premiums leveled off in 2015, and claims have been stable, helping to hold costs down.
Codes and Standards | Mar 15, 2017
Energy Star program at risk
The standard-setting initiative for energy-efficient products may be a victim of Trump budget cuts.
Codes and Standards | Mar 14, 2017
Timber Innovation Act to promote tall wood buildings introduced in Congress
The measure has bipartisan support.
Codes and Standards | Mar 13, 2017
U.S. House and Senate have voted to repeal Dept. of Labor’s 'blacklisting' rule
The rule mandates labor compliance review for federal construction contractors.
Codes and Standards | Mar 9, 2017
WiredScore forms Connectivity Advisory Committee
The committee's creation is an important step forward for the group that evaluates internet connectivity in buildings.
Codes and Standards | Mar 8, 2017
New guide examines multifamily high-performance ventilation
The focus is on cost and performance of various systems.
Codes and Standards | Mar 7, 2017
Canada’s national building codes will encompass effects of climate change
Forecasted data, not historical data, will be used as the basis for the codes.
