Series 25 – Recognized Environmental Condition (REC) Type 1
The Phase I Environmental Site Assessment provides a tool for determination of environmental risks in the transaction: the RECOGNIZED ENVIRONMENTAL CONDITION (REC).
The official definition of REC is a compound statement that’s liable to patch blank spots on a layperson’s mind; so, we break it in digestible portions.This video presents the first component.
Presenting a well-tested technology of remediation of volatile organic compounds from groundwater.
Remediation is not an absolute term. In the environmental-risk lingo it means the reduction of the intensity of the contamination to such levels that will be accepted by the regulatory authorities.
Time and money are connected and it behooves us to outline time schedules when engaged in the Phase I and II environmental site assessments.