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Scope of Services <br /> Page 4 <br /> User Responsibilities <br /> To meet the scope of the ASTM E 1527-97 Standard Practice, the user of the Phase I report is <br /> responsible for communicating to PEER any specialized knowledge or experience that is <br /> material to recognized environmental conditions in connection with the property. In a <br /> transaction involving the purchase of commercial real estate, the buyer must consider if the <br /> purchase price is known to be significantly less than the purchase price of comparable <br /> properties, and make written record of an explanation of any such lower price. <br /> The user should advise PEER whether they know of: (1) any pending, threatened, or past <br /> litigation relevant to hazardous substances or petroleum products in, on, or from the property; <br /> (2) any pending, threatened, or past administrative proceedings relevant to hazardous <br /> substances or petroleum products in, on, or from the property; and (3) any notices from any <br /> government entity regarding any possible violation of environmental law or possible liability <br /> relating to hazardous substances or petroleum products. <br /> PEER will review copies of any previous environmental or geotechnical investigation reports, <br /> environmental permits, tank registrations, or other documents that may be helpful in <br /> evaluating environmental conditions or regulatory compliance for the property if they can be <br /> provided within the allowable time frame. Review of such documents may be considered an <br /> increase to the stated scope of services. <br /> Prior to delivery- So that they may be identified within the reports, the user must supply <br /> the names of all parties intending to rely on the executed service and subsequent report. <br /> At any time following the completion and issuance of the report, additional reliance may <br /> be obtained at Peer's discretion for an additional fee. <br /> Cost Estimates <br /> Option 1: <br /> The cost to complete the Phase I Environmental Site Assessment of the Rent All property <br /> would be $1,750.00, invoiced on a lump-sum basis. <br /> Option 2: <br /> The cost to complete the Phase I and Phase II Environmental Site Assessment of the Rent All <br /> property would be invoiced on a time and materials basis not to exceed $3,900.00 (this <br /> includes $320.00 for sample analysis, $900.00 for the sampling probes, and $580.00 for field <br /> monitoring services, coordination, equipment, and expenses). If it is determined that fewer <br /> borings or samples are required, then the cost will be reduced accordingly. <br /> E <br /> } <br /> _ f <br />