Due diligence is the process by which an individual or organization makes a reasonable effort to gather and provide accurate, complete information before executing a financial transaction or agreement. It often precedes the purchase of property and includes a careful examination of physical, financial, legal, and environmental characteristics.
PHASE II Environmental Site Assessment (ESA) involves a detailed field investigation to evaluate the presence of contamination following positive findings during Phase I ESA. Its aim is to confirm contamination and estimate the remediation cost.
