Vapor Intrusion Rising in Importance During Due Diligence
We've posted recently that the standard for Phase 1 Environmental Site Assessments will be changing in 2013 (the new standard will be called ASTM E1527-13), and with this comes some potentially significant changes. One of these potential changes is a greater emphasis on assessing the risk of Vapor Intrusion or Vapor Encroachment during the Phase 1 ESA process.
The concept of Vapor Intrusion or Encroachment has been around for a while, but has become more prominent due to better science and modeling of the risks that a relatively small amount of carcinogenic vapors can pose to human health.
The potential ASTM E1527-13 change regarding vapor intrusion may be achieved simply by clarifying that the definition of a "release" does in fact include contamination in vapor phase (not just in soil or groundwater) - a small change in appearance, but it could provide additional impetus for consultants to assess vapor risk in a more systematic way. There has been a fair amount of debate within the environmental consulting industry over how to assess for vapor risks - whether it is (and has been) a consideration during the normal Phase 1 Environmental Site Assessment process, or whether a separate Vapor Screening report should be done.
In light of this potential change, we're hosting a free webinar on Managing Vapor Intrusion Risk this Thursday the 29th at 2pm eastern. The webinar will cover the following:
- How does Vapor Intrusion occur?
- What is a Vapor Intrusion Concern (VIC) versus a Vapor Encroachment Concern (VEC)?
- Are either of those a Recognized Environmental Condition (REC)?
- What do regulations have to say about vapor?
- What is the best way to test for a vapor concern?
- What can I do if I have a concern on my hands?
I hear from my clients that this growing concern can cause some handwringing, so I hope this webinar offers some clarification and perspective on vapor risks.
For MORE thought leadership on environmental and engineering issues, check out The Science of Real Estate ," presented by the experts and leadership team at Partner Engineering and Science, Inc.
About Partner Engineering and Science, Inc.
Partner Engineering and Science, Inc. (Partner) is a full-service environmental and engineering consulting firm completing projects nationwide. We specialize in evaluating properties in connection with real estate transactions, development or management. Learn more at http://www.partneresi.com.