Phase 2 environmental report

[Jeff D.]

Hi - I am in due diligence on a 12 unit apartment building.   Possible oil dumping issues are coming up in the Phase 1 environmental.    Based on what was said in the report, it's pretty obvious to me that it's going to lead to testing under the slab in the basement.       So my questions are this:

1) what is the Phase 2 environmental report?  If it's a more intensive version of the the Phase 1 and just ends up saying the same thing in more detail and adds that testing is the next thing that needs to happen,  then why spend thousands for that?   Why not just cut to the chase and do the testing?

2) anyone have experience w oil being found in the basement of a commercial building?   what was the remediation? 

Thanks!