1/Phase I Assessment and Compliance Auditing
A multi-state metal manufacturing company needed Phase I audits of each of their 15 manufacturing facilities for a bankruptcy work out through an international banking entity.
SMG performed a Phase I environmental site assessment using ASTM Standard 1527-05 as a guideline. SMG evaluated the 15 metal fabrication facilities located in 14 separate states during a one-month period of time. The work entailed a site visit, site interviews, review of state regulatory agency file information and evaluation of federal environmental databases. SMG prepared appropriate reports to meet the requirements of the client and enable the transaction to be completed.
SMG identified potential environmental liabilities that were considered to be material and established budget costs to address the liabilities identified.
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