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Inward Investment Guides
Brownfield Sites Require Additional Due Diligence
Brownfields and greenfields must both be assessed thoroughly for environmental risk, but brownfields require some extra due diligence.
How does assessing a brownfield site differ from assessing a greenfield site?
 

John K. Borchardt
Whether a property is considered a brownfield or a greenfield site, the environmental site assessment is conducted in accordance with generally accepted consulting engineering practices and standards, such as prescribed by the ASTM. Depending on the property type, construction date, and current or past use identified in the initial phase of the assessment, sampling of potentially contaminated areas, as well as regulated or hazardous materials, are frequently conducted in conjunction with a brownfield site assessment. These sampling events are useful for new owners to evaluate the cost of remedying the contamination as well as maintaining the property over the term of ownership. When considering a brownfield property, a buyer should also consider having his or her environmental consultant include tasks considered “out of scope” in the ASTM Phase I Environmental Site Assessment Process Standard, such as asbestos and lead paint testing, drinking water testing and analysis for contaminants, and an assessment of other regulated or potentially hazardous materials in building components.
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About the Author

John K. Borchardt
John Borchardt has written more than 1,200 articles published in magazines, newspapers, encyclopedias, and online. He writes about science, engineering, and business-related subjects. A former laboratory manager, he holds a PhD in chemistry and has been awarded 30 U.S. patents.
William P. Hazelton, Senior Vice President, ACE Environmental Risk, ACE
William P. Hazelton is senior vice president, ACE Environmental Risk, a unit of ACE USA, the U.S.-based retail operation of the ACE Group. Based in New York City, Hazelton has national responsibility for the development, underwriting, and delivery of environmental risk solutions for retail brokers and their clients, from small and mid-sized to large multinationals. With more than 20 years of underwriting and claim experience in the environmental insurance arena, Hazelton joined ACE USA in 2005.
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