Transaction Terms
Physical environmental testing with soil borings and groundwater sampling, triggered when a Phase I identifies contamination risks.
A Phase II ESA involves actual physical testing — soil borings, groundwater sampling, and lab analysis — to determine whether contamination exists, its type and extent, and estimated remediation costs. Typically triggered by RECs identified in Phase I. Cost: $10,000-$50,000+. Timeline: 4-8 weeks.
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