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 | Jan 11, 2017
OSHA prompts more proactive approach to construction site safety
Remote operated camera systems are being used to mitigate risk in real time.
Codes and Standards | Jan 10, 2017
Plunging solar power costs making PVs more compelling for owners, developers
Technical and manufacturing advances are driving down prices.
Codes and Standards | Jan 9, 2017
Boston’s plans for new development at odds with flood projections
One plan calls for building in areas predicted to be flooded during high tides as sea levels rise.
Codes and Standards | Jan 9, 2017
New LEED for Cities, LEED for Communities pilot certifications unveiled
Requires tracking of performance data and progress toward goals.
Codes and Standards | Jan 9, 2017
China claims top ranking outside of U.S. for total LEED-certified space
Canada, India, Brazil, and Korea round out top 5.
Codes and Standards | Jan 6, 2017
OSHA prompts more proactive approach to construction site safety
Remote operated camera systems are being used to mitigate risk in real time.
Codes and Standards | Jan 5, 2017
2018 building energy code upholds efficiency gains
Efforts to scale back efficiency requirements largely defeated.
Codes and Standards | Jan 4, 2017
Low-income housing doesn’t lower neighborhood housing values
A Trulia study contradicts longstanding fears.
Codes and Standards | Jan 3, 2017
Intelligent transportation systems have implications for designers, construction firms
Sensors and Internet of Things devices will have to be embedded in infrastructure.
Codes and Standards | Dec 15, 2016
OSHA releases safety recommendation guide for construction industry
It is said to be most helpful to small and mid-sized contractors.
