Will Asbestos Impact Your Next Deal?

Urban infill. It’s the trend these days. As older buildings are getting demolished or renovated, there is heightened attention on asbestos-containing building materials.

Asbestos was commonly used in building construction until the 1970s, when certain asbestos-containing building materials were banned by the EPA. It is estimated that 35 million homes, schools and businesses still contain asbestos. An asbestos inspection is a non-scope consideration under an ASTM E1527-13. However, there are a number of important reasons to include an assessment of asbestos risk in the scope of environmental due diligence.

  • Increased OSHA and state environmental regulations and
    enforcement
  • Worker and occupant safety
  • Liability minimization
  • Properly identifying all potential risks and remediation costs during due diligence
  • Avoiding unnecessary and costly delays during demolition/renovation

A small amount of investigation on the front end can help avoid costly ramifications on the back end. Make sure you are working with someone who is providing a true consultative approach with your due diligence projects.

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