Due Diligence Tip #6

Avoid Phase II Environmental Site Assessment and remediation cost estimates that include open-ended project cost quotations, time-and-materials quotations, and quotations without a defined start and stop date. They all spell trouble, problems, and cost overruns. Your environmental professional should have and be able to offer a reliable cost quotation before beginning any environmental project. If possible, request a “not to exceed” cost quotation that details the project scope of work and specifications.