Series 26 – Recognized Environmental Condition (REC) Type 2
This is the twenty-sixth in a series of light, short and visual talks on taking control of environmental-risk concerns that haunt otherwise lucrative transactions in commercial and industrial properties, and even residences.
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 six (6) definitions lumped in one long sentence that’s liable to fog the brighter minds among us; so, we break it in parts that can be assimilated individually.
This video presents the second component.
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Series 38 – On the Correct Understanding of Remediation
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.
Series 37 – Time Taken by the Phase I and II Assessments
Time and money are connected and it behooves us to outline time schedules when engaged in the Phase I and II environmental site assessments.
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