In this episode, returning guest Annie McIlwain, Principal and District Manager at PPM Consultants, Inc., delves into the intricate process of due diligence, focusing on the crucial Phase One assessment.
Listeners will learn about the distinct challenges posed by older facilities compared to newer construction and how commercial sites like dry cleaners that handle chemicals and hazardous substances may require particular scrutiny. The discussion highlights conditions that necessitate a Phase 2 investigation, touches on different types of facilities and reconnaissance methods, and the value of historical aerial photographs in assessing potential contamination. Special attention is given to considerations for landfills and standards for remote or previously wooded/unused lands. The conversation also covers the unique due diligence needs of oil and gas companies and the implications of liability transfer with ownership changes.
Key Topics and Takeaways
- Intro – Annie McIlwain and background on due diligence
- Case study – site visit to a commercial warehouse
- When PPM will “rec” a site
- Older facilities have vastly different issues than more recent construction
- Commercial facilities that handle chemicals and hazardous substances
- Conditions that trigger a Phase 2 investigation
- Other types of facilities and site reconnaissance
- Using historical aerial photographs
- Considerations for landfills
- Standards for remote wooded lands or previous pasture lands
- Oil and gas company due diligence
- Sharing liability with transfer of ownership
- Reach out to PPM for any questions!
Resources and Links