Eldon, president of Eldon Environmental Management Corporation headquartered in Westbury, Long Island, said "While ASTM (formerly American Society for Testing Materials) is to be congratulated for making an attempt to bring about standardization in environmental due diligence property audits, it appears that the committee of 190 members that came up with the recommendation for a 'Transaction Screen' settled for a lowest common denominator standard that could expose lenders and buyers to unnecessary risks in the millions of dollars in order to save insignificant amounts for environmental due diligence assessments. In a recent statement before the Nassau Academy of Law, Ethan C. ASTM standards too risky?." Retrieved from
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