This report reviews the progress accomplished during Phase I of a two-phase project intended to demonstrate the use of Prompt Gamma Neutron Activation Analysis (PGNAA) as a technology for the characterization of hazardous and radioactive contaminants in concrete floors. A comprehensive experimental program was undertaken using the N-SCAN{trademark} PGNAA system, which was initially developed by Westinghouse for soil characterization, to determine the sensitivity of PGNAA for several contaminants in concrete. The experiments were performed in a test facility specially designed and constructed for this project. The lower limits of detection derived from the experimental data were encouraging for mercury, cadmium, uranium-238, thorium-232, technetium-99, chlorine, uranium-235 and chromium. These limits were achieved after modifications made to the original N-SCAN system significantly improved its sensitivity for elements located at or near the surface of concrete. With the implementation of additional performance-enhancing modifications scheduled in Phase II, the detection sensitivity of N-SCAN at the end of this project is expected to be at least one order of magnitude higher, allowing N-SCAN to become an effective characterization tool. N-SCAN has several important advantages over current characterization methods and technologies.