The ASTM Standard was developed by a joint committee of environmental, governmental, banking, and property owner interests, and is intended to satisfy one of the requirements necessary to qualify for the innocent landowner, contiguous property owner, or bona fide prospective purchaser limitations on Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) liability (i.e. Landowner Liability Protections [LLPs]). APPLIED ENVIRONMENTAL employs research methodologies identified in the American Society for Testing and Materials (ASTM) E1527-21 Standard Practice, with no exceptions. The purpose of the practice is to define good commercial and customary practice in the United States of America for conducting an environmental site assessment of a parcel of commercial real estate with respect to the range of contaminants within the scope of the CERCLA. The ASTM Standard also recognizes the use of the standard to evaluate business environmental risk, but acknowledges that additional investigation beyond this practice may be necessary to evaluate such risk.
