Environmental Exposures and Lender Concerns

Environmental Assessments (cont.) Consultants Vendor Pool • Qualifications - Who is "qualified"? Professional Credentials • Geographic competency Property competency Different expertise need for different facilities (air vs. water vs. tanks, etc.) Expertise/competence varies Database of appropriate service providers Cost should not be sole driver of selection Contract Issues Clear scope of work Address limitation of liability clause Address bank reliance issue Remove arbitration clause Address confidentiality Error and Omissions Insurance 38

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