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Pandey Environmental Commercial Redevelopment

Commercial
Whether you operate a manufacturing concern, a commercial operation, or have idle property you need to sell, PANDEY can assist you with your environmental management issues and property transfer needs. We provide phased site assessments, remedial action plans and remediation services.

PANDEY routinely provides support to facilities that have suspected or confirmed releases of contaminants, or shut down without completing proper closure activities. We also provide facility audits and make recommendations to prevent future releases. We have successfully negotiated with the EPA to relieve our clients from the burden of costly enforcement actions, enabling them to voluntarily clean up their property under more manageable and cost effective conditions.

PANDEY's team of engineers and accountants can quantify your likely future environmental liabilities for Financial Statement purposes in accordance with FIN 47, Accounting for Conditional Asset Retirement Obligations. FIN 47 is a newer interpretation of the five-year-old accounting rule FAS 143. Issued in December 2005, FIN 47 requires publicly traded companies to disclose, and carry on their balance sheets, the future cleanup costs of Brownfields and other polluted real estate. Even though FIN 47 is currently only applicable to publicly traded companies, it is foreseeable that all companies will have to report these potential liabilities in the future.


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