["Site Visit Registration Form in this RFP to register for the site visit.","This work is normally completedby commissioning agents.","The Cityor any professional consultant, contractor or subcontractor which The Cityselects relating to the abatement of Hazardous Substances City agrees to have a staff member present during appropriate commissioning related tasks and equipment startups.","To organize a project team, first identify a project manaresponsibility for coordinating the team members and overseeing the work performed by the contractor.","Even if an ECM can be categorized by a readily identifiable size variable, it may be that prices depend heavily on local conditions encountered at the site.","The information to develop the energy baseline shall be derived from historical energy costs or actual energy measurements or shall be calculated from energy measurements at the facility where energy cost savings measures are to be installed or implemented.","The lessor must make money on the transaction, so there isalsoan interest charge.","VIII of the National Energy Conservation Policy Act.","ESCOs come in a variety of sizes with an array of business models.","Before any local government can incur bonded indebtedness, the proposed bond issue must be approved by the Commission.","Want to understand measurement and verification?","In particular, the methods of determining price reasonableness most familiar to federal contracting officers are generally not applicable to ESPCs.","Document results of initial commissioning of the project equipment and subsequent commissioning of controls.","While claims of excessive prices are largely unsubstantiated and based on anecdotal evidence, the perception that there is a problem is shared by many in the ESPC community and has been noted by auditors and oversight organizations.","Energy Efficiency Finance: Options and Roles for Utilities.","Responsibility for Certain ECM Malfunctions.","Energy Savings Performance Contracting Programs.","The move means significant upgrades and retrofitting to buildings across the country.","Hazardous materials and other environmental concerns.","ESPC project team, and their analysis of cost proposals is carried out as a normal part of the review process.","Any orders placed to the successful Proposer will be placed by the specific agencies participating in this purchase.","The professional services contract should clearly specify the services to be provided, the notexceed cost for these servicesand e deadline for completion.","FEMP has identified a number of ways to monitor the performance of ESPCs during the life of the contracts.","ESCO shallsubmit a termination claim specifying the amounts due because of the termination for convenience together with cost or pricing data bearing on such claim.","It only is a part of the total legal picture to be covered during the negotiations.","IRR is the rate of return at which the sum of discounted future cash flowsequals the initial investment outlay.","Plans forother facilities are under way.","ESCOlicensedusinessin the State Arizona.","Michigan chapter of the Energy Services Coalition.","The projects highlighted as the greatest successes amongst our interviews were those that improved a core function of the city.","You consent to receiving marketing messages from Indeed and may opt from receiving such messages by following the unsubscribe link in our messages, or as detailed in our terms.","Monies remaining at the end of the fiscal year will remain in the fund.","The contractor shall continually investigate energy saving opportunities at the installation.","The most exciting, most rewarding agreements are those that meet unique and specific needs of the parties involved in the unexpected ways and through imaginative means.","Provide services and information that will help municipal officials meet the needs of Who are League Members?","You can add your own CSS here.","The City recognizes that an Investment Grade Audit is a significant undertaking; therefore, a zero cost will result in a complete disqualification of your company from this solicitation.","Update models to reflect asbuilt performance.","ECMs at a prenegotiated rate that is lower than the per kilowatt hour tariff rate charged by the At the end of the contract term, the customer may buy the ECMs for fair market value.","Failure tocarry out the work in accordance with the CONTRACT DOCUMENTSCERTIFICATION ISSUED WHEN REASONS FOR WITHHOLDINGREMOVED.","Firmsoffer financial productsthat can be used for a range of activities, including energy efficiency.","All methodologies y used to account for any adjustments to the baseline needs to be clearly defined.","References lacking Project Manager not identified, choice given for others Scope of work strong in wrong area References indicate some problem areas of significance Looking at the prior ESCO Proposal Response Evaluation, some initial conclusions can be observed.","The Government shall determine how the funds will be used.","Makers Guide to Energy Saving Performance Contracting Define the Project Issue Request for Proposals Evaluate Proposal and Select ESCO Hopefully, two or more proposals will be received for competitive bidding.","Arizona board of regents.","Describe standards of comfort and functionality that are generally used for light levels, space temperatures, ventilation rates, etc.","Energy performance contracts are a popular option, helping municipalities across the country reduce energy costs.","Super ESPC Awarded Delivery Orders.","In contrast, fully private sector financing activity takes place without the knowledge, influence, or oversight of any public or quasipublic financing program administrator.","Several commercial applications are currently being evaluated for reliability and risks.","We removed s studied in detail and followed exclusively work flow and deliveries of equipment.","The voluntary resolution of performance problems is facilitated when both parties are committed to seeking resolution based on good faith.","ECMs under the warranties in the event of equipment malfunction, improper or defective function, or defects in parts, workmanship or performance.","These questions are just as important in assessing which ESCO your group finds best to work with over the long term.","After receipt of the submittals, the shall, within a reasonable time, complete its review of the submittals and provide written approval of the submittal or if the submittal has been disapproved, written explanation as to the reason therefore.","All areas within the Project Limits which are determined by the INSPECTINGOFFICER to be damaged, due either directly or indirectly to the process ofconstruction, shall be cleaned up, redressed and grassed.","Energy and cost reductions are compared to a historical baseline.","Projects are approved for headquarters funding in the order of their ranking until the designated allotment is committed.","Primary businesses and services provided as primary business.","Measurement and Verification What methods and success were realized in keeping track of energy savings?","Financing Energy Efficiency in Massachusetts: Analysis of the Proposed Massachusetts Energy Conservation Project Fund.","The ESCO assumes the construction and performance risk for the project.","North Carolina with the process of performance contracting for energy saving measures.","Because of cost and time delays, it is not advisable to delegate a technical dispute to attorneys or others.","Clients agree to pay a fee out of ESPC project funds with no added expense for the client.","This article is organized as follows.","Each of the companies uses a distinct model.","ESAsare multiparty financing arrangements that do not require public funds.","Opportunities and benefits relating to greater standardization of contract processes, terms and conditions across the Government.","INSPECTING OFFICER or anyone employed by either of themor anyone for whose acts as either of them may be liable, and not attributable, directly or indirectly, in whole or in part, to the fault or negligence of the CONTRACTOR.","Price benchmarks can only be developed for ECMs having similar technical scopes and for which a significant amount of data is available, which means that effective benchmarks can generally only be developed at the agency level.","THE PARTIES HERETO HAVE EXECUTED THIS CONTRACTIN WITNESS WHEREOF, and intending to be legally bound, the parties hereto subscribe their names to this Contract on the date first written above.","Promote excellence and efficiency in municipal government.","We perform submetering data logging through the utility meter.","If the energy conservation measures installed by the ESCO do not deliver the guaranteed energy savings, the agency pays only an amount equal to the verified, not guaranteed, savings for that period.","The contract shall provide that all payments, except obligations on termination of the contract before its expiration, shall be made pursuant to the terms of the agreement.","Consider when fees will be collected from a client.","Then, if you are paid on performance, you either get good at improving performance or you go out of business.","Our contract has not allowed for recovery yet.","Two of our contributors shared negative experiences they partially attributed to not having used a competitive process.","Comments on current IDIQ processes that allow contractor selection based on ESCO qualifications only, without the submission of a price proposal.","If the price is at either extreme, the agency should pursue more information, either through additional price analysis, by consulting with technical experts, or by obtaining more information from the ESCO.","Describe any provisions for ongoing training, commitments to train newly hired facility personnel, and training with respect to possible future equipment or software upgrades.","Define as many quantities of materials, replacement equipment items, and upgrade cost items that will support the preliminary energy saving benchmark result.","After the improvements are completed, the ESCO continues to have an ongoing obligation to the owner to guarantee that the savings are achieved.","This requirement has already been done by the NC State Energy office.","The ECMs and the operation of the ECMs by the shall at all times conform to all applicable codes.","Weather: A number of energy efficiency measures are affected by weather.","Proposed costs of construction, financing, maintenance, and training.","The North Carolina League of Municipalities is a nonpartisan federation of more than Advocate for municipalities at the state and federal level.","As described above, the cost of the IGA may be based on a value per square foot of audited facilities or by other means.","Any items that did not pass shall be tracked and presented to the project team in a deficiency log.","OMB did not provide comments.","An agent may use a simplified energy performance contract for projects less than five hundred thousand dollars.","Provide hydronic system flush, fill, and chemical treatment for the newly installed piping.","The building pays the agreed upon portion of the energy savings to TAF, plus HST.","Debris, materials, and other equipment shall not be stored, placed, or discarded in locations of new equipment.","Interested firmsshould submit a proposal packet addressing the specific Request for Proposal criteria.","INTRODUCTION This document reports the findings and implementation recommendations of the Price Reasonableness Working Group to the Federal ESPC Steering Committee.","Team members should represent a broad range of skill sets in technical, financial, purchasing, contractual, and project management.","Unlike a loan, lessees may not be able to end lease agreements early, or may incur penalties if they do so.","Include the following: telephone service, postage, for drawings, manuals, specifications, and sepias, all associated with the project.","Provide justification for cost savings.","Buildings that have ESCO energy management equipment will be monitored by ESCO to verify hours of equipment operation.","Energy Benchmarks Which Trigger ESCO Interest ESCOs prefer to propose on larger capital projects to spread indirect costs, financial risks, and to assist with mobilization expenses.","Multiple aspects of ESAs are complex, from the number of actors involved to the calculation of customer payments.","We asked PBS officials about this but did not receive any additional information.","Property Assessed Clean Energy Financing.","Failure to Comply with Statutory and Regulatory Requirements.","With appropriate preparation, the right partners, and incorporation of lessons learned, an ESPC is a path to a more efficient and wellmanaged city.","After receiving a positive response from the initial screening of the NC Treasury Listing a letter was sent to each contact asking for permission to interview their team or individual about the performance contract they were currently implementing.","Email address cannot be blank.","All deliverables need to be clearly identified.","ESPC and the loan payments associated with financing the PC.","The preliminary audit also may be used to initiate equipment datalogging opportunities when appropriate.","However, several of the interviewees had maintenance contracts in place with an performance contract work later.","Contracts for performancebased energy work may be executed by public agencies after advertisement and competitive selection.","ECM Locator can be an effective means of finding additional information on ECMs of interest.","Review of pricing in the initial proposal should be commensurate with the preliminary nature of those price estimates and should correspond to the overall goal at this stage of reaching general agreements about the scope and shape of the project.","Fawkes believes it creates opportunity for innovation.","Flow chart showing the process recommended for the acquisition team to use in reviewing pricing of the initial and final proposals.","Web site or through your account representative.","The Secretary shall report these findings to Congress and shall implement identified administrative and regulatory changes to increase program flexibility and effectiveness to the extent that such changes are consistent with statutory authority.","The actual implementation was not started until congress passed the required legislation.","New Blog Post Alert!","No waiver of any breach, failure, right, or remedy shall be deemed a waiver of any other breach, failure, right, or remedy, whether or not similar, nor shall any waiver constitute a continuing waiver.","These categories are divided into two general types: retrofit isolation and whole facility.","Provide power source to wire to the heat trace, provide a fused disconnect to allow for disconnect during Ogden City Energy Performance Contract of chiller drain down.","Materials, supplies and equipment shall be in accordance with samples submitted by the CONTRACTOR and approved by the INSPECTING OFFICER.","Therefore, the legislature declares that it is the policy that a municipality may, after a competitive selection process, negotiate a performancebased energy contract with a firm that offers the best proposal.","CERs and benchmarks are mathematical relationships, usually based on statistical analysis, between price as the dependent variable and one or more physical characteristics of the item or system purchased as independent variables.","ESPCs on a wider scale to meet their energy use reduction goals.","Can PACE Broaden Access?","Did you use any of the informational resources of the State Energy Office?","Barriers to implementing energy efficiency projects in public sector fall into three categories: awareness, budgeting, and contracting.","Individuals knowledgeable in the maintenance and operation of facilities will be available to answer questions.","The agency also may establish supplementary costeffectiveness criteria, including but not limited to: simple payback, budget neutrality, or maximum financing term.","Date of Final Completion occurs, unless the Date of Final Completion falls on the first calendar day of a month, in which event the Commencement Date shall be the Date of Final Completion.","ESPC so that it receives approval during the separatelycontracted thirdparty review.","For example, when solar or other sustainable energy measures are included, a power purchase agreement may be used as a financing mechanism for a portion of the project.","The punch list should only contain minor items and nothing of a significant nature.","Compared to secured loans, leases have a quicker application process and may cover all costs including operations and maintenance.","While modeling and mathematical calculations stipulate expected results it does not always correlate with actual returns.","Occupant requests to change setpoints and schedules will impact the total energy savings realized.","Good price, excellent range of services, but best qualified team must be working elsewhere according to prequalifications.","We feel that the extra effort allowed us to focus in on the most capable ESCO for executing a project similar to ours.","Provide hydronic system flush, fill and chemical treatment for the water filled portion of the hydronic heating system with softened water.","Energy Savings Performance Contracts.","Interim Savings during Construction Period.","See fee schedule below.","Weenergycost savings calculated to identify any potential cost savings without considering grants or State aid.","How facilities are utilized, how we interact with others, and how everyday activities may need to change are being discussed across all aspects of society.","Modification of existing contracts.","State governmental unit to the Department of Administration shall be calculated in the cost of the proposal under this subsection.","Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.","Based on your preliminary assessment of the information provided, describe any facility improvement measures at the facilities that your firm would consider implementing as a part of this project.","Profit shall be identified in the overhead and profit line item.","All discrepancies between the requirements of the Project Documents and the existing conditions or dimensions shall be reported to the ISSUER as soon as they are discovered.","The schedule for project completion.","This risk is further mitigated by not taking constructionperiod savings into account in the pro forma.","The representative was readily willing to meet with the CFO to review the contract, and recommends any ESCO should provide this level of ongoing support.","The agency acquisition team, which guides the project to its completion, is formed at this time.","The Supplementary Information section may include the regulatory history of this rulemaking proceeding.","In addition, DOE FEMP establishedserviceto provide technical guidanceto agencies in administering ESPCs.","ESPC can provide many opportunities to aclient agencyinstalling energy efficiency equipment, which are not otherwise available when using the DBB process.","ESA providers pay the upfront project costsand thusmust raise capital by attracting investors to each project, which adds significanttransaction costs.","Who will conduct the training and how frequently?","Brief Prepared for the Boston Green Ribbon Commission Summary This memo was prepared in response to a request from the Boston Green Ribbon Commission to investigate the implications that proposed changes to US accounting standards might have for energy efficiency investment.","This responsibility has been formally designated by the Securities and Exchange Commission.","Utilizing third party technical resources can be justifiable on larger projects where risks are significant and results are tight in achieving success.","Project shall be billed based on percent complete.","The ESCO is paid nothing from the coal account because the allocation to that account was reduced to cover only the coal cost.","Training Approach process is to assure that the HVAC, electrical and safety systems in the building are operating in accordance with the proper design intent and to maintain staff and visitor comfort during the life of the building.","Reconnect to the proposed new lighting fixtures and all associated building equipment.","Energy Center of Expertise, etc.","Where customers are charged according to metered usage, there is ordinarily no reason to change costing mechanisms.","This may be an area worthy of greater exploration in the future.","ESC is a national nonprofit organization composed of a network of experts from a wide range of organizations working together at the state and local level to increase energy efficiency and building upgrades through energy saving performance contracting.","Supervision of the Work.","Unless otherwise expressly agreed in writing, Issuer shall pay, in addition to the gally required to be paid by ESCOs or, alternatively, shall provide ESCO with an acceptable, valid certificate of tax exemption.","He would figure out how to plug those leaks, and how long it would take for each fix to pay itself off.","These resources also allow the customer agency ownership of the project decisions while accessing expertise to make clear long term scope decisions.","The contractor will be responsible for the development, refinement and implementation of the energy strategic plan.","Sorry, your blog cannot share posts by email.","The purpose of this effort was to have a listing of several qualified ESCOs readily available for consideration to propose on energy saving projects to meet the North Carolina Energy Savings Initiative Program.","The CFO Calculator will be provided in both hard copy and electronic format, so that the agency can run its own analyses on financing options in the agreed format.","It should contain information about how the compensation is calculated, and if an annual inflation index is to be used to escalate fees over the duration of the contract term.","The ESCO should be willing to share contact information for previous projects and the city should have indepth conversations with these provided references.","Work as is necessary to be performed without prior notice to the or its surety.","The criteria stated in the request for proposals.","In any particular year, various influences will make energy use increase or decrease in unpredictable ways.","The level of effort for each tier is informed by balancing the confidence in the persistence of savings and the cost effectiveness of activities.","This means that projects may be considered costeffective if they result in a net positive presentvalueover their economic lifetime.","The advantages and disadvantages of secured loans are different for the residential versus thecommercial and industrial sector.","Unsecured loans are typically available from most banks, other traditional private lenders, as well as many manufacturers and vendors of energy efficiency equipment because of their direct integration into the contractor sales process.","This effort starts with the collection of utility cost and usage information along with general background information on school facilities.","Plans for three measures, using Options A and B, at a fictitious federal office building.","In general, the more rigorous the verification requirements, the more expensive the verification process will be.","City shall only pay for squarefootage actually audited.","Notice indicating that the governmental unit is requesting qualified providers to propose energy conservation measures through a guaranteed energy savings contract.","METHODOLOGY TO ADJUST BASELINE.","Approaches to incentivize ESCOs to propose innovative or underutilized technologies.","The Contracting Officer and the Installation Representative shall approve the method of identifying the savings.","Specificationsdescribed in this section shall in no way supersede the requirements set forth in the Department of Transportation Standard Specifications for Traffic and Roadway Safety and City Ordinances and Regulations.","Natural Resources Defense Council, Inc.","If the unpaid balance of the CONTRACT PRICE exceeds the direct and indirect costs of completing the PROJECT, including compensation for additional professional services, such excess SHALL BE PAID TO THE CONTRACTOR.","An evaluation team will review and score written proposals based on the evaluation criteria identified in Attachment D: Evaluation Criteria.","Although FEMP issues reporting guidance annually, the guidance is general and contributes to inconsistency in agency reporting.","Still, under uncertain economic conditions, some clients might prefer to maximize their debt capacity for unforeseen needs.","It does not include a discussion of why the changes are made.","Industry standard calculation methods, as outlined by such sources as ASHRAE and Association of Energy Engineers, have been input into spreadsheet format to determine the probable energy savings.","Interim Savings; and Utility Rebates.","Design and other engineering services include applicable code review costs.","Individuals who have rendered distinguished service to the cause of local government in North Carolina.","Upon request of MCKINSTRY, provide MCKINSTRY with copies of actual monthly utility billing information on a quarterly basis for the duration of the ongoing service period.","Call the Local Government Commission for early insight into the financing aspects of the project.","Although nothing is finalized at this stage, sites usually begin with some specific ECMs in mind, and the team should begin to consider how price reasonableness determinations will be performed for each one.","More recently, water meter replacements for local government units have been included.","There are many ESCOs willing to guarantee the savings while providing local control for Facility Owner maintenance staff.","The Part section contains the CFR part that the document adds or revises.","Small Business Lease Program.","In either case, our experts advised it is important to negotiate with the provider to help ensure contract value.","Proponents argue that bill loans aremore convenientandeffectivethan offbill alternativesat addressing some of the barriers to customer investment in energy efficiency projects.","Premises; descriptions of energy management procedures presently utilized; and any prior energy analyses of the Premises.","Cost of samples, together with transportation, delivery, and any other costs, shall be borne by CONTRACTOR.","Importance of Price Reasonableness in ESPCs.","Guiding documentation to the requirements, expectations, and performance of the project.","This potential benefit to taxpayers should be weighed against the risks of reducing competition among financiers to deliver attractive capital to participants.","Contract Facilitators can be e performance contracting process.","Presentation at the Distributed Generation and Combined Heat and Power Workshop, Newport Beach, CA.","See References in Text note below.","Instead, he is a head advocate for an industry rebuilding its reputation.","Similarly, qualification requirements for rebate or incentive payments may change over the course of an ESPC project and ultimately not be available.","THE WARRANTY AND LIABILITY SET FORTH IN THIS SECTION ARE IN LIEU OF ALL OTHER WARRANTIES AND LIABILITIES, WHETHER IN CONTRACT OR IN NEGLIGENCE, EXPRESS OR PARTICULAR USE OR FITNESS FOR A PARTICULAR PURPOSE.","Thus, entering into operating leases is impractical for many types of energy efficiency projects Leasing costs would have to be recorded in the footnotes of the balance sheet.","Review of US ESCO Industry Market Trends Over the last decade, there hapes of contractual agreements employed by ESCOs and their customers.","Billing data reflects changes in energy use at a facility.","The IGA includes an evaluation of the energy performance and investment value of the EEMs.","ECMs in accordancewith the terms of this Agreement during regular business hours, or such other reasonable hours as may be requested by the and acceptable to the ISSUER.","We tried to get all our work performed during the summer months when schools were closed for the summer.","ESCOs provide reports on the ESPC progress and performance.","It is important at the conclusion of the technical audit and issue of the Energy Audit Report that a specific pro forma be scrutinized to the method and accounting basis for savings projected from the project.","CONTRACTOR shall not be responsible for any increase in energy, maintenance, or any other costs incurred as a result of the extended or disrupted equipment operation.","This cost will be evaluated on the basis of reasonableness, so an unrealistically high or low cost will be devalued in the evaluation process.","Low demand for efficiency There was little demand for energyrelatedimprovements among the respondents; theywere more interested in cosmetic improvements to their properties.","Fees are then collected at the end of construction.","These services protect the interest of the state and assure the proper expenditure of public funds for the citizens of North Carolina.","Include manufacturer warranty dates and periods as well as ESCO warranty dates and periods, if they differ.","The ESA provider can mitigate this performance risk by negotiating a guaranteed energy savings contract with the energy service provider hireto implement the project.","Although the FAR does not define what constitutes a fair and reasonable price, the term is understood to mean the price that would be paid by a prudent person considering the current market environment.","If not, provide detailed explanation.","Some companies have representatives in North Carolina, even though headquarters may be located in another state.","Where applicable, further detail will be provided via permit drawings and submittals which, upon written approval from the City, will become part of this contract by reference.","Did you have energy saving benchmarks that defined the initial savings potential to be realized?","Such items as administrative support, legal review, accounting services, printing, copying, binding, office supplies, business travel, business meals and supervision of staff are all considered acceptable postconstruction indirect costs.","Describe in detail the methodology your firm normally uses to compute baseline of utility, energy, and water use as well as performance.","Not only does this inhibit the ability to develop creative and synergistic solutions to resolve differences, but it usually poisons what could have been a productive relationship with the other party.","North Carolina have increased over the last several years.","They plan to upgrade some process equipment in the building at the same time which would reduce personnel needs, but not save energy.","ESPC project, will not be necessary.","For example, if funding had been made available to repair a boiler that is being replaced under an ESPC, the funds for repair would no longer be needed and could therefore be applied to the ESPC.","CONSTRUCTION AND INSTALLATION SCHEDULEInclude the timetables and milestones for project construction and installation.","Frequently, agencies incorporate many of these costs in their operations and maintenance accounts.","Extend existing concrete pads with epoxy grouted dowels as necessary to fit under the new boilers.","Draws are made against the loan as construction progresses for the monthly pay applications submitted by the ESCO.","Material Change is implemented.","FEDERAL REQUIREMENTS FOR DETERMINING FAIR AND REASONABLE PRICING IN ESPCS.","Provide a forum for the exchange of ideas among municipal officials.","Cash flow analysis provided?","As part of the planned renovation project, a new steam line was to be run around one wing of the building so that a steam line under that wing could be abandoned.","This involves estimating energy savings and the cost to generate the energy savings.","ESI is particularly useful for ESCOs or smaller enterprises with poor credit or who lack the means to secure third party financing.","Comments on structuring an ESPC IDIQ Contract so that new contractors may be added during the life of the contract based on meeting the same qualification criteria as specified in the original solicitation.","Except where expressly required by applicable laws and regulation, the ISSUER shall not be responsible for monitoring the compliance with any laws or regulations.","The extent of detail required for a performance guarantee contract will vary according to project size and complexity of the work to be performed and the magnitude of financial risk.","It is important not only to concentrate on communication, but also to concentrate on the people with you wish to communicate.","This information, along with the estimated energy savings, can now be used to determine if the savings will justify the investment cost.","Total Implementation Expenses shall include only direct costs, and no performance period expenses.","Contractors estimate their cost based upon work categories.","FHA, have offered energy efficient mortgages.","ECMshall constitute the Work required to be performed by this Contract.","The ESCO assisted the ity in obtainingan initial loan and incentives from NYSERDA.","Equipment performance: The contractor has control over the selection of equipment and is responsible for its proper installation, commissioning, and performance.","CONTRACTOR, by WRITTEN NOTICE to the CONTRACTOR and the INSPECTING OFFICER which notice shall fix the date on which WORK shall be resumed.","ESCO or the site?","Contract facilitators fees are typically built into the full project financing.","An example of a statement included in the RFP might be: oposed method to finance the project.","Consequently, a meaningful analysis could not be performed to explain why some agencies achieved a greater efficiency per ECM investment than others.","The financing is typically provided by private lenders through a bidding processand the only expensesto the state are administrative costs.","These values will be applied in any Investment Grade Audit and Project Development Contract or Energy Savings Performance Contract and can be negotiated downward.","ESCO receipt of written notification from the Issuer.","Manual calculations should disclose essential data, assumptions, formulas, etc.","Cut back gas piping, heating water lines and domestic water makeup lines to extent necessary to Ogden City Energy Performance Contract of facilitate the scope of work.","If the ESCO is also the manufacturer of the equipment then extended warranties can be negotiated.","Guaranteed cost savings to the federal agency must exceed payments to the contractor in every year of the ESPC contract term.","Information requested for database projects and completeness of key data fields.","PACE program is operated across the jurisdictions of multiple local governments in a region, each of which typically opts into the regional program.","Seeking a fair price is the objective of a price reasonableness determination and is the focus of the remainder of this document.","In short, there is no real difference for contractors between an ESPC project and a traditional construction or retrofit project.","Banks are operating currentlyin several statesthere is growing interest in the idea of dedicated clean energy financing agenciesas a way to increase savings from energy efficiency activity.","Proposals shall be evaluated for the State governmental unit by a licensed architect or engineer who is either privately retained, employed with the Department of Administration, or employed as a member of the staff of the State governmental unit.","Access through existing acoustical ceiling tiles or existing access panels.","Monetary recovery for failing to meet a defined payment should be reviewed carefully.","By bundling several types of measures together, the quick payback items are leveraged to pay for longer term payback items.","Some older buildings could have these materials still in place and working in this environment is not acceptable.","SMUD Residential Loan Program offers both secured and unsecured loans for home energy upgrades.","The funds can revolve as they are repaid by the borrower.","Guarantee that savings will cover all project costs.","ESCO as set forth in Schedule J, below, and operated in a manner that will provide the Standards of Comfort for heating, cooling, hot water, and lighting as follows: The following operating standards shall be maintained by the Owner.","ESCO Cost Proposal and Cash Flow Analysis The ESCO shall also provide estimates of monthly costs associated with sustaining the project performance including breakouts for maintenance fees, monitoring fees, and training fees.","The City is responsible for providing server specification, installation and configuration of the new host BAS Report Server.","Contracts Include a Sample Technical Audit and Project Development Agreement and a sample Energy Savings Performance Contract.","Offering an unsecured loan product may broaden access to financing for borrowers in this category.","He also developed a master procurement agreement with the City of Chicago.","Furnishing any items of equipment, material, or labor, or performing tests recommended or required by insurance companies or federal, state, or local governments; ande.","Some commercial PACE programs choose to require lender notification or lender consent before a PACE assessment can be placed.","If water savings or maintenance savings are going to be included in the project, the baseline data will also include water cost and consumption as well as maintenance costs and frequency.","Texas city manager There are many ways that a city can go about procuring ESCO services.","The Facility Owner can include a rty opinions on adjustments.","Using a wide range of energy efficiency measures and solar energy, it has led to one of the largest Super ESPCs ever awarded.","Benchmark prices may also exists for some common maintenance activities.","There is a need expressed by nearly all interviewees to simplify the basis for evaluating energy savings.","Ifappropriate, detail how responsibilities are shared.","So how do we pay for it?","ESCOselection is based on qualifications.","Source of capital; Assessing consumer creditworthiness; and Measure eligibility.","Provide detailed schedule of postacceptance performance period verification activities and inspections.","Leasing can be used as an alternative to cash, loans, bondfinancing, energy service agreements, or other financing options for efficiency projects.","Energy Savings Performance Contract, the main document ESCOs use in their business.","In oder to execute the scope of work in as timely and as efficientlya wayas possible, the preliminary project schedule has some boiler work scheduled during the heating season.","If not, the RFP is reissued.","One option is for the Agency to consider additional energy conservation or capital improvement measures for implementation utilizing the remaining contingency dollars.","Agreement, shall become part of said equipment and be owned by the ISSUER.","Lessons Learned from North Carolina School Systems, City Governments, County Governments, and Community Colleges that have implemented Guaranteed Savings Energy Contracts with ESCOs.","For businesses, this change to the accounting rules is also creating some uncertainty and indecision as to whether to invest in an EPC.","Ogden City Energy Performance Contract of Develop a quickhit list of improvements that canbe implemented right away.","This includes utility bills for electric and natural gas usage.","Reps are often contracted to independently review Measurement and Verification reconciliation of energy savings the year after the construction phase is complete.","What kind of lead time is needed in order to obtain them?","Only list the measures that are included in the final accepted energy savings performance contract.","The baseline data is used to calculate the energy savings and determine the methodology for measuring and verifying the savings.","ESPC if they have their customary appropriations for energy and relahave appropriated funds available upon the award of a FEMP ESPC task order to pay for the total costs for the entire term of the ESPC.","In addition, specific eligible political subdivisions and nonprofit educational or public health institutions may also participate, at their discretion and with the agreement of the awarded Proposer.","Generally, an ESCO will include any improvement expected to recover its own ng, subcontractor fees, mobilization cost, etc.","Include detailed warranty instructions if an extended warranty will transfer the warranty relationship from the ESCO to the client.","Agreement on the scope of work and costs, culminating in an agency contract for energy consultant services.","The local government will also be responsible for operating and maintaining facilities and equipment according to the ESCOs guidance and specifications.","Definitions and contract standards should be fair, economically viable, technically sound, transparent and mutually approved.","MEMBERSHIP OF PRICE REASONABLENESS WORKING GROUP.","The National Energy Conservation Policy Act, as amended, requires federal agencies to identify funds that they have requested for energy conservation measures and report to the Congress with complete information on their activities.","Ogden City Energy Performance Contractof Health.","The audit includes an evaluation of the conomic performance and investment value of the EEMs.","Maryland collected fees from performance contracting projects of state agency clients in a manner similar to those states highlighted.","Chairman: The federal government is the largest single energy user in the nation.","How is Owner involved?","Rural electric cooperatives often cite added value to their customers as their motivation for running onbill programs.","Even if you profit in the short run, you will lose in the long haul.","EPC contractor is bearing the majority of the risks and rewards associated with the use of an asset.","Define postacceptance performance period.","Regardless, the city should make sure the reviewer provides, at a minimum, an indepth review of the savings calculations and project costs.","Below are key findings from ten public facilities that have utilized performance contracts in NC.","The general terms and conditions are established in the IDIQ contracts, and agencies implement projects by awarding delivery orders to the Super ESPC ESCOs.","The PERFORMANCE BOND shallremain in full force and effect through the warranty period.","The ESPC authority, as amended, still limits aggregate annual payments under an ESPC to no more than the amount that the agency would have paid for utilities without an ESPC.","There are four options, A, B, C, and D to determine energy savings.","Agreement by the ESCO or its subcontractors which the Project Documents indicate is in conflict with the Project Documents or the existing conditions shall be brought to the attention of the before the Work is commenced.","Section E: Additional Resources.","PBS officials could not explain why they failed to research the discrepancy before paying the ESCO in full but stated that the present year savings were on trackto meet the savings guarantee.","Royalties and Patents The shall pay all royalties and license fees due to third parties in connection with the Work.","This commissioning agent may work directly for the ESCO or may be hired as an independent thirdparty, depending upon the scope and complexity of the project or by client agency directive.","Private Program Administrator Funds Assessments.","What was the total guaranteed savings?","Clients include state agencies and higher education institutions.","Dapr\u00e9 thinks ceding control of key items of energy infrastructure could be a deal breaker.","Have savings exceeded the guaranteed amount?","The energy savings achieved during the EPC phase will recover these costs, but this initial investment on the part of the local government will be required.","The Contractor will identify any unforeseen scope of work items, as well cost impact for those unforeseen scope of work items, to the Agency for review and approval prior to any of the project contingency being spent.","There is no automatic adjustment of past ECM prices for data and location, and size variables are not as accurate in Locator as in the ECM Benchmarking Tool.","Energy Office, North Carolina Department of Administration www.","The governmental unit shall evaluate a sealed proposal from any qualified provider.","Services contemplated in this Contract, provided that any such claim, damage, loss or expense is caused by any negligent act, error or omission of ESCO, any Consultant or associate thereof, or anyone directly or indirectly employed by ESCO.","State and local entities can support onbill programs with wellconsidered enabling legislation or with public funds used to capitalize loans or provide credit enhancements.","Should the ESCO determine at any time during the Investment Grade Audit that savings cannot be attained to meet these terms, the Investment Grade Audit will be terminated by written notice by ESCO to the City.","To keep the fund out of the red while meeting the varying demand for technical services, a cushion is available to cover costs that mount up in the beginning of the year.","The facility owner may elect to retain this service requirement if learning skills, personnel availability, and work loads will allow.","If there are questions or concerns, DESwill return it to the ESCO for corrections and resubmittal.","The work is typically subcontracted to local contractors with experience in handling projects of similar scope and size, including the construction management role for larger or more complex projects.","ESCO can provide financing, as well as project development and implementation costs, with the energy savings shared between the ESCO and the client over the contract period.","Any additional building systems and infrastructure that produce energy, or that provide utility cost savings not specifically mentioned in this paragraph, if the improvements meet the life cycle cost requirement and enhance building system performance or occupant comfort and safety.","Field personnel submit projects identified during surveys conducted by field maintenance personnel.","The level of detail that can be shared for better understanding of engineering and ontrol cost against a tight and well defined budget.","Financial Accounting Standards Board.","You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter.","Schedule G, the items under which shall be organized by Energy Conservation Measureand each item there under shall include its pro ratapart of overhead and profit so the sum of the items equal the contract price.","Further information at www.","The calculated savings is the difference between the existing annual average cost of materials and the postretrofit scenario.","CERTIFICATE OF ACCEPTANCEINSTALLED EQUIPMENT EXHIBIT IVEQUIPMENT WARRANTIESProvide a full description or schedule of equipment warranties.","CONTRACTOR for adjustment hereunder shall not be allowed unless he has given the required WRITTEN NOTICE; provided that the CITY may, if he determines the facts so justify, consider and adjust any such claims asserted before the date of final payment.","Performance and Labor and Material Payment Bonds.","Notify me of new posts by email.","Manufacturing at ABB ranges from assembly of customized industrial robots to advanced production of electrical switches and breakers.","Energy consumption is a daily focus and we controlled to performance benchmarks, not according to individual circumstances.","Also, for applicable buildings, ESCO includes the cost to provide services and complete the annual application for a building ENERGY STAlabel.","Resolution from Board of County Commissioners acknowledging this project.","What can I do to prevent this in the future?","This investment grade audit will identify and evaluate costsaving measures and define the proposed project scope, cost, savings and cashflow over the proposed financing term.","This will need to be decided as appropriate on a casecase basis.","Contract execution is contingent upon receipt of the required State of North Carolina approvals and financing.","Creating folders will help you organize your clipped documents.","The ISSUER may terminate this Agreement upon payment to the ESCO of the amount due for services or materials and equipment supplied by the prior to suspension of the Work, including damages caused by the delay as prescribed by the Act.","There are no new roadway light poles included in the project.","Because in ESPCs the ESCO is selected before the project is defined sufficiently to support a true price competition, ESCO selection through price competition and hence use of competition for establishing price reasonableness is rarely used in ESPC.","Experts also encourage rounds of review by either staff engineers or other experts sufficient to confirm the provided savings calculations can be reasonably achieved.","Another purpose of the postinstallation report is to verify, before the performance period starts, thatthe ECMs are capable of generating the promised savings.","Governing Law This Agreement shall be governed by and construed only in accordance with the laws of the State of North Carolina.","What do stars mean?","Super ESCOs help aggregate projects and drive down transaction costs through standardisation.","Name of the building.","The program uses this information to apply cost to the energy consumption calculated herein.","The state agency may contract with the provider to perform work that is related to, connected with, or otherwise ancillary to the measures identified in the scope of an energy savings performance contract.","New York and New Jersey, to the extent its facilities are located within the state of New York.","Select Energy Services, Inc.","ESPC, DSM, utility privatization or other energy contract.","In this early stage, school officials should seek input from the Local Government Commission for project financing guidance and from the Department of Public Instruction School Planning staff for design and performance requirements applicable to the project.","Identify the approaches agencies have used for price review in ESPC projects and the lessons learned.","In how many buildings?","In other countries there have been similar efforts in the past, but they did not include the particular legel environment for tendering procedures in Switzerland.","If any of the checks raise questions about the proposed pricing, the questions should be put to the ESCO and resolved during final contract negotiations.","However, project contingency Ogden City Energy Performance Contract of may be needed for temporary heating or premium time to fully minimize impact to building occupants.","The initial program was started by John Rogers working for the Naval Facilities Engineering Command.","At the same time, local partners may in some cases offer lower rates and potentially have more established relationships in the community that can potentially be leveraged.","Second, gather as much information about the negotiation and the negotiators as you can.","These payments are usually scheduled for the performance period.","However, few programs have had a significant number of transfers, offering little empirical evidence of the success of this feature.","EPC to be off balance sheet.","Work are included in this category.","Measured savings represent those savings that are identified by the annual energy tual savings reflected in the utility budget.","Contract invoices shall itemize all materials and labor costs, even if that subcontractor is a subsidiary of the ESCO.","Date and revision dates.","In some cases the agency may develop its own independent cost estimate as well.","An extended availability account must be established for each appropriation for which energy cost savings have been identified and for which a period of extended availability is to be established.","North Carolina League of Municipalities board of Directors.","Clean Energy Finance and Investment Authority.","No Extraordinary Measures Required cedures are no more complex for FEMP ESPC projects than for any other contract.","This reduces overall project duration.","Interested in this opportunity?","In addition, this review shall identify all areas for increasing program flexibility and effectiveness, including audit and measurement verification requirements, accounting for energy use in determining savings, contracting requirements, including the identification of additional qualified contractors, and energy efficiency services covered.","These changes alter baseline conditions and thus need to be well documented.","Set, measure and document flow rates and water pressure drop through the new boilers.","Consultant is normally reimbursed or paid for all charges, costs, and expenses necessarily incurred in the performance of the work.","Was a surety bond provided?","CITY is not required to pay any disputedamount until the dispute is resolved.","The service aspect is key.","How significant is their impact?","Cost claimed or agreed to under this section shall be in accordance with applicable sections of the State Procurement Code.","Figure provides recent survey results on the use of traditional and specialized products in the California residential sector.","The ISSUER shall be a named additional insured in any policy of insurance required by this agreement.","Connecticut Energy Efficiency Board.","Additional services could include: technical oversight of the design and construction process and documents, formal acceptance of documents, a greater degree of technical assistance, etc.","Preliminary Energy Assessments were recommended as an available resource to get a good picture energy saving opportunities.","Pollard, General Counsel, Federal Housing Finance Agency.","Include project location, type of facilities, year implemented and dollar value of installed project costs.","Intellectual Property Claims Indemnification.","The ESCO will identify and implement building improvements to reduce energy and related costs in facilities, such that annual cost savings are applied to annual payments for improvements.","For all proposed ECMs, the ESCO shall comply with all applicable state, federal and local codes and regulations in effect at the time of this analysis.","Unspecified Minor Constructionwhich are designed to increase energy conservation.","The association is supported by the Swiss Federal Office of Energy SFOE and several of the Cantons.","Apply the approach used by other state departments, such as the legal or IT departments, that may already provide services to other agencies for a fee.","Funding Source Electricity CFC Chillers Acct.","Constitution and laws of North Carolina.","The ESCOs must be made aware of all the conditions of the performance contracting processes to fully respond to an RFP.","What kind of lead time is involved in obtaining them?","It may list two or more persons to contact concerning different aspects of a document.","ESCO shall perform the Maintenance services hereunder with reasonable promptness in a workmanlike manner in accordance with industry standards generally applicable in the area.","All work not so conforming to these requirements may be considered defective.","The Secretary concerned, or designee, must specify the procedures for identification of such amounts by installations, facilities, or operating locations at which ESPCs for that military department are in existence.","Indeed ranks Job Ads based on a combination of employer bids and relevance, such as your search terms and other activity on Indeed.","Cost markups presented in the proposal can be negotiated downward.","Was construction completed on schedule?","The serving utility should be invited as appropriate.","Trends in ESCO products and services.","Did the ESCO provide purchasing?","We should have done a better job of retrofitting systems and equipment.","The timing of the TO signing may impact the available interest rate and project cost.","What documentation supported the estimates?","Plan details the steps taken in the verification process.","Concentrate on communicating with your counterparts.","However, for cooling improvements, other influences such as weather effects and thermostat setpoints affect the energy used and must be included in the baseline calculation.","The next phase is for construction and initial commissioning of the new work.","WORK in accordance with the CONTRACT DOCUMENTS and all incidental work necessary to complete the PROJECT in an acceptable manner, ready for use, occupancy or operation by the CITY.","The CITY will give notice of observed defects withreasonable promptness.","We made presentations to the School Board and County Commissioners before any commitment was made for the work.","CERs can be used to extend the technique of comparing proposed prices with previously proposed prices described above.","FUNDING OPTIONS provision does not permit use of funding appropriated or otherwise made available for purposes other than utility costs; related c purpose of utility efficiency improvements to a Federal facility.","Witnessing any testing, metering, or verification required for baseline developments.","CHILLER REPLACEMENTReplace existing aircooled chiller with new.","ACCEPTANCE OF FINAL PAYMENT AS RELEASE.","NC experience, State efforts, and rising utility costs.","SUBCONTRACTORS involved with prior requests for payment have been paid, unless CONTRACTOprovides a detailed explanation why such payment may not have occurred.","EPCcludelighting upgrades to LEDsand compact fluorescents, replacing thermostats withautomatic control thermostats, replacing boilersand other improvements across more than tenown buildings.","On occasion, subcontractor work was not of quality expected.","Were the fees for design and engineering broken out?","In the years immediately following the housing crisis, this rationalwas particularly relevant.","So there is a fit with changes to accounting rules and emerging models of energy efficiency.","In these agreements the lease contractbetween the lessor and the customer isseparate fromthe ESPCcontract betweenthe ESCO and the customer.","If the final inspection confirms the project is complete, the substantial completion date can be set for the general oneyear warranty period.","Utilizing prior experience of how success was achieved and avoiding the pitfalls of project weakness provides confidence that the performance contracting process is a viable and spec contracting methods.","We want it to be sufficient but not measuring this in any way seems a waste of energy.","Many price analysis techniques are applicable in cost analysis as well to assess the reasonableness of individual cost elements.","PE, CEM, CMVP, etc.","He shall interpretthe intent of the CONTRACT DOCUMENTS in a fair and unbiased manner.","For LO projects, median annual electricitytargeted equipmente results suggest that ESCOs achieve significant reductions in lighting energy consumption.","During negotiations, it is important to consider the context, as well as the content, of what is said, and how it is likely to be interpreted.","Please be judicious regarding the volume of information submitted.","CONTRACTOR is solely responsible for and is not relieved of liability for compliance with the terms of this Contract.","FEMP will provide Super ESPC contracting assistance to all agencies.","Was there a preliminary scope of work developed prior to the ESCO becoming involved?","Specify how the ESCO will reimbursethe client agencyfor the identified difference between the verified savings andthe guaranteed level of savings.","Start with the highest energy consumption category for each government unit and proceed from high to low with each benchmark.","It is all around how you interpret who is in control of the asset.","ESPC guidelines, rules, etc.","Enhanced ability to plan and budget accounts.","One agency official told us that he does not adjust proposed budget estimates to reflect such cancellations.","Comments on this document are being accepted at Regulations.","The performance contract can be amended at any time during the initial performance contract term to address other buildings or new projects.","Note to customer: this section will need to state ayments.","Historically, ESCOs frequently advised customers on finding financing for their projects.","ESPC process and briefly discusses how companies can become qualified to perform these contracts.","ESCO and its subcontractors have charged for previous work.","Attachment Dand after verification that the project can be financed.","Energy saving performance contracting is here to stay.","The ESCO may be able to recommend a thirdparty reviewer.","ESCO will be required to sign to go forward with the project, if selected.","How does it relate to the guarantee?","How do you track this?","ESCO as a part of the Investment Grade Audit at a later time.","The Engineer that completes the audit is responsible for preparing the application for this incentive, and the building owner is entitled to retain any amount received.","DOE and the energy services contractor, with no capital cost to DOE.","National rogram Management ffice.","DOE will make its own determination about the confidential status of the information and treat it according to its determination.","For delamping work, ESCO will need to guarantee that the light levels in the areas containing the fixtures will meet the standards set by the IESNA.","NYSERDA is a state agency that administers an onbill program.","ESPCs is focused on the reduction of energy and water consumption, with ancillary benefits of achieving facility improvements, improving the quality of life in the Army, and ultimately reducing the overall energy costs of the Installations.","If equipment fails outside of warranty the Cityis required to replace equipment in order to maintain the savings guarantee, see the ESPC agreement for details on time frame.","Savings are applicable, ESCO will calculate the Water Rate Savings achieved by multiplying current water consumption and demand by the water rate reduction, as shown in ons, which is the amount by which the Base Water Rate exceeds the improved rate.","What was the amount interest paid over the life of the contract?","LGC, advantages of the guaranteed savings approach, ESCO reference contacts made, and the positive cash flow required by the NC statutes.","ECMs that will be implemented in federal ESPCs.","This line item includes all burdened labor, commission, and any other direct cost associated with presenting the best information to the Ownerin an understandable format.","These lists and guides provide pricing for specific commercial items such as boilers and chillers.","Thermsforboth guaranteed and verifiedtranslated into utility bill dollar savings; anddenoted in dollars, using the energy rates in effect at the time of the report.","Most projects have been in the commercial and industrial sector with some projects done at private, nonprofit facilities.","ESCO projects a service fee is collected directly from the ESCO.","Treasurer Tax Collector, Placer County.","Describe the procedure to assign dollar values to the savings.","If there is not technical eproject manager may consider involving a third party engineer or architect with performance contracting experience early in the project.","The project may then be carried out only after the end of the dayperiod beginning on the date the notification is received by such committees in an electronic medium.","Following successful completion of the Technical Audit and Project Development, an Energy Performance Contract will be negotiated to implement the project.","Interest rates can be lowered and terms extended on any product through credit enhancement, potentially expanding the number of cashflow positiveprojects.","Refer to Attachment E: Technical Facility Profile and address issues regarding buildings projected to have substantial changes in use.","FEMP Awaiting Reinstatement of ESPC Authority.","Less than several dozen large multifamily projects have been completed.","Alternatively, City may arrange financing independently.","This information, when compared on a daily basis, reveals consumption and demand that can be used to improve energy performance.","Regardless of the economy, leveraging utility and operating savings to finance necessary infrastructure upgrades is an attractive solution, but is especially attractive when capital and cash flow is at a premium.","Scope of Services Comprehensiveness of management, maintenance and monitoring services offered.","GSA said that the draft report did not fully reflect its efforts and progress in energy conservation activities.","Fifth, always be honest.","Clarify schedule and how delays will be handled.","Payments can also be made annually or at other intervals.","Most government and private sector organizations set internal hurdle rates thatmust be met.","Its members are energy companies, engineers, financial institutions as well as Cantons, cities and municipalities.","Please submit one signed paper original.","The documentation should include project descriptions, energy savings, other savings, supporting calculations, method of implementation, utilization of available incentives, impact to the installation, and all rationale associated with the project.","Development of the Investment Grade Audit Once the energy consultant and the agency agree on the energy saving potential in the facility, the next step is the investmentgrade audit.","Some common protocols include: Maintaining a list of eligible contractors that have been trained or vetted by the program administrator.","It is important not to assign any physical significance to the terms of the price benchmark equation.","Verification The Measurement and Verification Services cost is the annual cost for the services necessary after acceptance of the project to annually verify the Energy Performance Contract guarantees.","Clean Energy Finance Corporation, the Energy Efficiency Council and the Australian Industry Group.","But the world is not going to stop leasing.","The majority of programs reviewed focus on the residential sector with a few programs that allow loans to or focuson the multifamily sector.","ESAcan be financed through debt, equity, or lease financing.","Council of State Legislatures.","Water Savings from Decreasing Hot Water Demand.","ESCO execution by the topical groupings shown below.","RMP will provide full maintenance, the second is where ocky ountain ower will charge partial maintenance which is lamps and ballast changes only, and the third is electricity only where Ogden Cityis responsible for the lamp and pole maintenance.","We are not responsible for the legality or accuracy of information on this site, the policies, or for any costs incurred while using this site.","ESCO, as is the case here in North Carolina.","Just keeps growing at a tremendous rate.","Are ESPCs their core business?","These sources include federal funds and nonfederal funds, such as utility rebates and energy savings performance contracts.","Generally the amount of the payment to the contractor changes annually, as shown on the task order payment schedule.","Agencies have struggled with fair and reasonable price determinations in their ESPCs primarily because this alternative financing vehicle is relatively new and relatively rare in the federal sector.","This may be true even if it means that the customer is personally willing to float the difference between the energy benefits that accrue to them and their own personal costs.","Sealed guarantees the savings to their customers and, thus, takes on the performance risk for the project.","Improvements to Measurement and Verification methodologies, to achieve and maintain the greatest assurance of energy savings at the least cost.","For example, more traditional loans and financing agreements, as well as such tools as revolving loan funds and general obligation bonds, are now commonly used to finance ESPC projects.","Unsecured Loans Been Used?","Create a free IEA account to download our reports or subcribe to a paid service.","The major elements of the ESA that impact the Energy Audit Report can be arranged so that simultaneous execution of parts of the ESA can be addressed by project team members to improve the schedule.","Also describe any special features, renewable technologies, or advanced technologies that might be applicable.","Proposal is in the format requested below.","Ensuring ongoing implementation and maintenance of changes implemented.","Above all else, one city manager encouraged cities to not be intimidated by the technical aspects of the contract.","It should be noted that the base value for each fuel and water unit will not devalue in the event of any rate decrease.","What is the current workload of those staff identified to work on this project?","For your background information in deciding whetbrief description of facilities and energy use.","In some cases, the site may require a professional cost estimator to develop an independent estimate of project costs without reference to the cost information the ESCO provides.","We find that the financial impact of incentives is actually quite modest for most REEP program types.","Authority section in Federal Register documents.","The contractor has responsibility to demonstrate that the new improvements meet expected performance levels including specified equipment capacity, standards of service, and efficiency.","Maximum Percentage of Total Project Price for this project, for each category listed.","ESCO performing maintenance work knew the people, the HVAC systems, and had established a working relationship that was hard to overcome.","EXPERIENCE WITH TECHNOLOGIES PROPOSED: How much experience does the firm have with the energy technologies proposed.","What financing rates are currently being accessed by your company?","In some states, state law shall dictate how title is to be passed during the contract.","He will be solely esponsible for the means, methods, techniques, sequences and procedures of construction.","GEOSmart focuses on contractor relationships and training and seamless application processes.","Before entering into a guaranteed energy savings contract, a governmental unit shall issue a request for proposals.","ESCOs are climbing back into the market, largely with government business.","These funds ensure ongoing support for each project to maintain and maximize project savings.","Different product structures can be created based on whether nonpayment of the loan leads to disconnection of energy service and whether the charge is attached to the account holder or to the meter.","The MACC has several components: the IGA cost, design fees, construction management fees, construction costs, including payment and performance bonds, plus sales tax, and construction contingency.","Who was responsible for permits?","They could plan to change light bulbs, stuff insulation into the walls, perhaps downscale the old inefficient heater for a modern, smaller one.","Agencies, including GSA, have the option to use the uper ESPCs to take advantage of prenegotiated terms and conditions.","Asbestos remediation should be identified in the contract.","Describe the nature of work generally conducted by subcontractors.","CITY will provide upon request by CONTRACTOR accurate facility operating information, including energy usage and cost, executed preventive maintenance and repair records, and occupancy levels during each Performance Period, as soon as such information becomes available to the CITY.","What am I on the hook for?","The Cityshall give written notice of the termination to the ESCO specifying the part of the contract terminated and when termination becomes effective.","Prior to amendment, par.","Its retrofit packages are often built around a building management system but include lighting upgrades, equipment replacement, and when possible, solar systems.","The City acknowledges that light levels will change in areas where lighting scope is present.","These tools are designed to help you understand the official document better and aid in comparing the online edition to the print edition.","State insurance requirements as defined below.","The CONTRACTOR will comply with all applicable laws, ordinances, rules, regulations and orders of any public body having jurisdiction.","Interest rates: Neither the contractor nor the Cityhas significant control over prevailing interest rates.","Creating folder and saving clipping.","Tier Iwill be used for those ECMs for which ongoing measurement is required to verify consistent performance.","ESCO projects must be large while minimising transaction and development costs.","FEMP has not yet issued related guidance.","Determine the level of services to be provided.","Final alignment with NC statutory requirements has been investigated and denoted.","For a list of projects visit their website here.","Project Financing The method of financing impacts the scope of the project and the amount of risk that the client agency assumes.","If a Subcontractor refusesto furnish a release or waiver required by CITY, CITY mayrequire consent of Surety to the final payment.","Consider the impact of the fee on very small projects and have a negotiable rate.","CERTIFICATE, PAYMENT OR USE NOT ACCEPTANCE OF IMPROPER WORK.","Funds are available through general appropriations, such as operations and maintenance or repair and alterations accounts, and through direct appropriations for specific projects.","State the total fixed cost of the technical audit.","Local Government Commission is a defining resource for validating the finance and contract terms.","Describe other costs such as maintenance and monitoring agreements and describe how they may be applied.","Include a brief overview of your sample Measurement and Verification Report.","First, the responding ESCO will enter into an audit contract and then, postaudit, will enter into the full EPC.","Major changes in facility: The City controls major changes in facility use, including closure.","The borrower paying their combined energy and loan bill.","ECMs in a manner that will maximize energy consumption reductions beyond the expiration of this Agreement for at least twice the useful life of each ECM.","Was a performance bond and material payment bond issued?","Engineer, to act on its behalf with respect to administering the performance required under this Agreement throughout its term.","Determine if fees can be financed and rolled into the financed project cost and therefore be paid out of the funds that pay for the project.","The preliminary energy saving assessment is used to document the need, develop a preliminary project scope, and evaluate the energy saving potential.","It will define in detail the scope of work, the quality and quantities of replacement components and equipment, and the financial basis for justifying a performance contract.","ESCOs must have the financial capability to fund the acquisition and installation of projects and be willing to be reimbursed out of the energy savings over the term of the investment.","Does the reference still agree with the savings measurement method being used?","Contingency: The investment grade audit report details the cost of the work and identifies the funds in the contingency budget.","Ownership, Dissemination and Publication of Documents.","Attach check for appropriate amount.","Target markets for ESCO project investment.","Maintenance Duties will be outlined in Operation and Maintenance Manuals, which will be provided by ESCO.","Cost, fringes, overhead and profit?","Do not have the expectation that the performance contact will produce substantial money above and beyond the project cost.","During the length of the contract, the ESCO gets to take a bite out of the utility savings, to cover costs and commission.","Under the new FUNDING OPTIONS provision, funds appropriated generally for efficiency improvements would be appropriate sources of funding for an ESPC.","Under the bundling consideration, measures are considered to meet the economic criteria even though some individual measures with high paybacks are supported by other measures with low paybacks.","Scaling up ESI will require more providers to enter the market, increasing competition and availability, which depends on widespread understanding among insurers of energy efficiency projects risks.","CITYand the thirdparty manufacturer of the material orproduct.","Include breakout of NC project.","This budget may be used for retrofit projects, energy surveys, and converting vehicles to use alternative fuels.","Terms of the technical audit are negotiated.","During the contracting phase, cities should develop a clear understanding of expectations of their facilities department.","Calculating benchmarks for both buildings and major equipment are necessary homework to define the calculated magnitudes of energy savings to support the capital investment in the shortest payback period.","Measurements are best taken at the audit stage A commissioning plan is also developed.","ESAs and MESAs are complexarrangements and have supported relatively little investment volumeto date.","Such regulations shall not apply to energy performance contracts entered into prior to the effective date of such regulations, nor shall they apply to energy performance contracts for which a request for proposals was issued prior to such effective date.","The Local Government Commission with the help of the Office of State Construction shall evaluate energy savings expected and that which was actually achieved.","The project financing source should be identified and a letter of commitment to proposer, stating interest rate, terms, and providing a sample financing document, should be provided.","Funding appropriated or otherwise made available to an agency specifically for energy efficiency improvements could be used to install or replace existing energy related systems, such as air handlers, to improve energy efficiency.","While the harmonization between FASB and IASB will likely increase transparency and accountability, it will also likely have the unintended consequence of constraining investment in energy efficiency by eliminating the ability for operating leases to be considered off balance sheet.","Were there any new control strategies implemented during the post retrofit and how were they tracked for savings?","The results of the audit become the basis for the performance contract between the Facility Owner and the ESCO.","Government payments and performance guarantees.","The contractor shall maintain a current database of water, sewage, electricity, natural gas, and fossil fuels on a monthly basis.","In lieu of providing written comments, VA chose to provide its general agreement with the report orally.","Connecticut; Sonoma County, CA; and Toledo, Ohiohave made use of public or utility customer funds to support a PACE program.","It is important for our customers and all relevant stakeholders to understand the key elements of various facility improvement measures and their impact on the facilities and operations.","State governmental unit any shortfall in the guaranteed energy and operational savings after the total year savings have been determined.","Comprehensiveness and clarity of the technical approach to this project based on improvements likely to be included.","PACE program would be a good fit in their jurisdiction.","CHARTER FOR PRICE REASONABLENESS WORKING GROUP.","Meeting minutes include all identified issues of concern, identification of those responsible for resolving these issues, and the time period expected for resolution.","Review of Project Documents; Notification to the Issuer.","Are you ready to start saving?","Any issue with the use of this ESA?","The ESCO should identify and propose the methodology for each measure used in its Proposal.","Then issue an Engineering Service Agreement for performing the Investment Grade Audit to the winning ESCO proposer.","Such information shall be used to determine whether the intrinsic value of an item has been distorted through application of overhead and whether such items should be considered for breakout.","Certain traditional products, such as unsecured loans and leases, may also offer other advantages such as quick and simplified approval processes.","You are currently unable to view this content because of your cookie settings.","Require that the ESCO use transparent pricing methods in which all project costs, including labor, materials, overhead, and profitare clearly documented.","In addition to the industry challenges and drivers and restraints in the market, this study also highlights certain upcoming trends and technologies in the market.","The fee must be equal to or less than the maximum proposed in the ESCO prequalification process.","CITYin connection therewith shall constitute an acceptance of such WORKor any portion thereof as either substantially completed or complete.","Sections one hundred three and one hundred nineb of the general municipal law shall not apply to an energy performance contract for which a written request for proposals is issued pursuant to subdivision six of this section.","Types of Federal projects include areas such as energy efficiency and water conservation measures, new construction, improved operation and maintenance, cogeneration, and renewable energy.","The Authority section cites the authority that authorizes the agency to change the CFR.","Some view onbill programs as a way to extend access to creditchallenged consumers and achieve greater consumer participation and energy savings as a result.","Simple payback time for institutional sector projects influence project economics, we examine the correlation between retrofit strategy and payback time.","Guidance for Use of FHA Financing on Homes with Existing PACE Liens and Flexible.","Final cash flows may need to be updated based on the execution date of this contract.","ECM Benchmarking and ECM Locator tools and an example of reviewing ECM prices from an initial proposal illustrate how this information is used to make valid price comparisons.","The baseline data will also be used to determine the cost of energy that will be used in the calculation of energy cost savings.","Commercial, industrial and institutional building owners have at least five options for paying for energy efficiency: cash, loans, bond financing, a savingsbacked arrangementor leasing.","Provide tax identification number.","Neither the FEMP ESPC program and contract nor related statutes or regulations impose any requirements for special internal accounting procedures on agencies implementing projects.","ESPC stakeholders, can ensure that agencies will comply with the FAR in awarding ESPCs, obtain fair and reasonable prices and best value for the government, and follow procedures that provide auditable documentation of due diligence in price reasonableness determinations.","Citymay pay the ESCO, if at all, an amount set in accordance with subparagraph C of this Section.","Capital Leases Under capital leases, the lessee intends to ultimately purchase the leased equipmentcapital leasesare the most common type of agreement for leasing energy efficient equipment.","Systems Accurate HVAC system descriptions at the facility were obtained from mechanical plans provided by the Issuer, as well as site surveys and interviews.","The only one that had mixed feelings about this approach, inherited the project after the original project manager had left.","Was there any feasibility analysis performed prior to the contract award?","The individual cost markups disclosed in the proposal will be used in both the Investment Grade Audit and the Energy Performance Contract, provided the size and scope of the project remain similar.","Work, the will correct the Work unless the has given the a written waiver of the specific fault or defect.","The ESCO and the agency must realistically evaluate the potential risk and cost of seeking legally binding involuntary resolution.","Because of the designbuild nature of ESPCs, the details of the commissioning activities are developed along withthe project scope, rather than being explicitly defined at the beginning of the project.","ESCO, or a combination of the two can be responsible for securing the finance for the project.","ESCO shall complete prefunctional and postfunctional tests of all installed measures to ensure proper operationunder load.","Support the creation of internal energy efficiency financing mechanisms.","Photograph of the exterior of the building.","Maintenance Plan from aperformance contracting project implemented by your firm.","The guaranteed minimum energy savings is translated into dollars based on the current utility tariffin effect.","We knew what we wanted and why we wanted it and had a feel for efficiencies expected from what we were doing.","Define the utility rates to be used for the baseline and actual energy costs.","The conventional residential mortgage typically does not account for borrower utility expenses or attributes of the house other than confirming total property value through an appraisal.","Completed data collection forms, if used.","Operation of all systems and equipment that are modified or installed as a result of the ESCO project should be verified by a qualified commissioning agent.","What are the standards for indoor air quality?","Residential operty Assessed Clean Energy in California: Feasibility of Studying Impacts on Mortgage Performance and Energy Savings.","Provide a brief overview of your sample Commissioning Plan.","Many school systems have identified deferred maintenance items and needed energy efficiency upgrades, but lack the funds to make improvements.","Examples are the NC Association of Municipal Clerks, the NC Association of Municipal Attorneys, and the Organization of Municipal Personnel Officers.","The name and address of the governmental unit.","Washington State Ventilation and Indoor Air Quality Code.","Energy Management Systems Compatibility with existing systems and standard interface protocols are important when the EMS will be retrofitted to several buildings having multiple control features and signal levels.","The shall supervise and direct the performance of the Work using its best skill, attention and judgment.","ESPCs, according to PBS guidance, are the principal way for PBS to fund building renovation projectswith an energy component.","IGA proposal and negotiates the cost of the audit prior to it being presented to the client agency.","It combines economically strong sites with economically weaker ones to provide an adequate return on the entire package.","Thank you for the opportunity to provide this proposal.","PROJECT DEFINITION GUIDE TO ENERGY PERFORMANCE CONTRACTING This page left intentionally blank.","Secured loans and PACE may facilitate positivecashflow projectsbecause the security associated with these products tends to allow for longer terms and lower rates without credit enhancement.","There is no release of dioxides of nitrogen, sulfur, and carbon, as in the combustion of fossil fuels for electricity generation.","Statutory Reference Review of Proposals Evaluation Basis Other This site meeting would be conducted by facilitator.","Each and every obligation or undertaking herein to be fulfilled or performed by the shall be the joint and several obligation of the and any authorized successors or assigns.","Appendix II The National Energy Conservation Policy Act, as amended, requires each agency to specifically set forth and identify funds requested for energy conservation measures.","However, proposals shall be evaluated using the criteria in the solicitation, and the offered prices shall not be adjusted as a result of the analysis.","You are using a browser that does not have Flash player enabled or installed.","TAXESCONTRACTOR and CITY agree that this PROJECT is exempt from all state, county, local, regional, transportation, and other special taxes and government fees.","Payments must come from money that the government was either already spending or planning to spend, which can now be redirected because of the energy work that is done under the ESPC.","Federal agency to meet the requirements for the need for energy audits, calculation of energy savings, and any other evaluation of costs and savings needed to implement the guarantee of savings under this section.","Impact of financial incentives.","Interest rates: Neither the contractor nor the City has significant control over prevailing interest rates.","All financing products help to overcome a major barrier to the uptake of energy efficiency, high upfront costs, by stretching those upont costs into smaller, more affordable monthly payments.","State the number of years the company has offered Energy Savings Performance Contracting services.","ISSUER for review and approval The ESCO shall be responsible for any delays caused by rejection of incomplete or inadequate submittals.","Additional facilities not yet identified that are under the jurisdiction of the City at any time during the term of the performance contract can be included in the scope of work in a contract amendment.","Any firm receiving an adverse final decision from the DOE is required to apply to the Board of Contract Appeals of the General Services Administration to exhaust its administrative remedies.","An energy savings performance contract shall contain provisions requiring the provider of the energy or water conservation measures to guarantee the amount of the savings to be realized by the state agency under the contract.","The larger project size will also generate more proposal interest and reduce the cost percentage for measurement and verification of energy savings.","While this can help avoid the time and expense associated with an RFQ process, selection transparency may be a consideration.","Follow up the Deal Successful negotiating is never complete until all the paperwork is finished.","All proposers should hear responses to each question that is asked so that a common understanding is presented at the site visit meeting.","Provide postacceptance performance period energy and water rate adjustment factors, if used.","Follow the department of Enterprise Servicesenergy savings performance contracting project guidelines.","However, in some unsecured loan programs, lending could reach a scale beyond theavailable amount of capital from public or ratepayer sources, in which case private capital may be needed to fund the program.","In order to minimize the proposer cost and to attract adequate number of proposers, it is incumbent upon the facility owner to be thorough in the preliminary assessment of where the energy saving opportunities are to be found.","Commencement Date, Issuer may provide written notice to ESCO that Issuer intends to have performed an audit of the savings calculations and billings for the immediately preceding Guarantee Year.","In the final ESPC, the client customizes the exact combination of fixes that meets her financial needs, in a time frame that she can stomach.","Many large ESCOs operate in the federal market as well as in state markets across the country, and are owned by electric or gas utility companies or building equipment or controls manufacturers.","Work to the before the commences the portion of the Work requiring such permit or license.","What information was requested?","Compare expected savings for first performance year to first year guaranteed cost savings.","An example of the use of lighting benchmarks.","Looking to save money by being more energy efficient?","MEASUREs in each impacted building or facility.","ESCOs to date, with the remainder financed through upfront purchases or capital leases.","How do various end users drive the market revenue and what vertical markets will have the largest growth potential over the forecast period?","SAVINGS MEASUREMENT AND VERIFICATION PLAN.","Payments to the ESCO that are dependent on client agency capital or ond funding may be made using partial project invoicing on a monthly basis depending on services provided.","In calculating any water savings, ESCO will use the greater of the then current applicable utility rate unit cost or the Base Utility Rates as described herein.","The Energy Efficiency Council has worked with the NSW Office of Environment and Heritage to develop a Quick Reference Guide to Energy Auditing, focused on Commercial and Industrial audits.","EES just keeps banging away.","Any other unit of local government, public authority or special district that has a direct and significant link to a municipality or has authorized municipal functions.","Agreement and the Project Documents with regard to quality of materials, workmanship, and the diligent execution of the Work.","Performance of the Work.","During the performance period, lasting from after government acceptance of the project until the end of the contract term, the cost savings must exceed the payments to the ESCO each year.","It requires virtually all leases to be recognised as on balance sheet.","They can impact consumption and demand thus complicating the math for total cost accumulation for multiple accounts.","Reduced vulnerability to budget impacts from utility rate hikes and extreme weather.","RFP for Energy Performance Contracting Services.","Contractor personnel to travel and frequency of travel shall be as agreed upon on subtasks.","Monitoring and verifying that the other contractors are performing work in accordance with the approved project quality control plan.","If the Property does not enter into an ESPA, then the Property must pay for the energy audit, less available incentives.","Typically, there are two types of insurance packages offered by insurers: technical and credit.","Based on information provided by the ESCO, the parties agree that the data required to be delivered to LBNL under this clause has commercial value whose disclosure would cause competitive harm to the commercial value or use of the data.","Statement of Financial Conditions.","Lighting improvements are the easiest area to show and verify cost saving in electric power consumption.","However, the final determination of allowable savings in each case considered shall reside with Issuer.","Task Orders for ESPC projects at their facilities.","HERS ratings may be included in efficiency project costs and financed through the mortgage product.","The avoided electricity peak demand charges are an annually recurring energy cost savings.","Acceptance of the Work.","Onbill financing is highlighted because it is sometimes paired with flexible underwriting criteria based on utility bill payment history.","Local School Bond Issue?","The Guide also includes useful tools for the analysis and implementation of EPC projects, such as templates for contracts.","SEO Guidelines as a basis.","This ill establish the percentages and rates for audit costs, markups, and fees for your firm for this project.","Brief Project and ECM Descriptions Provide an overview what was done and how savings are generated.","What methodology will be used?","One city manager recommended using a municipal purchasing cooperative, as they may have already vetted and shortlisted ESCOs which can narrow options throughout the search.","The confirmation of cost and benefits requires a special detailed study for consideration to upgrade an existing facility.","The City can cancel the guarantee at any time after the required period.","This resulted in a resolution of the governing body and the Board of County Commissioners filing for application and approval by the LGC of the Guaranteed Energy Saving Contract.","Corrective control actions, based upon the understanding of organized energy data, allows for optimizing savings when driven by external temperature change or internal efficiency deviations.","Loan repayments that are treated as offbalancesheet are accounted for as operating expenses.","Hereof, ESCO will begin recording annual savings from and after the Commencement Date.","Schedule Fof all aspects of the Work and Services.","These may include, but are not limited tolighting, HVAC equipment, building envelope, steam, chilled water, domestic hotwater and other water using systems, building controls, energy generation and distribution, and waste management systems.","Collect General Information For Each Building The ESCO shall collect detailed building information such as: size, age, construction type, condition and general use of each building except as provided below.","Raleigh, NC Siemens Buildings Technologies, Inc.","It can also result in a longer, more complicated application process compared to unsecured lending or leasing.","If onbill loan programs result in Key Takeaways bill finance and repayment loans refer tospecialized financing structurethat allow consumers to repay the cost of energy improvements on their utility bill.","Coast Guard is in the process of implementing several energy savings performance efforts and that the Federal Aviation Administration is ready to employ energy savings performance contracting initiatives.","An infrared image of a door that shows the heat that is being lost due to a poor seal.","Review of US ESCO Industry Market Trends ii DISCLAIMER This document was prepared as an account of work sponsored by the United States Government.","As discussed in the previous section, federal agencies have used hundreds of millions of federal dollars to support energy conservation initiatives.","An offeror could submit a detailed price proposal including all of the materials and labor required to fabricate each individual electronic component and combine them together on circuit boards.","All technical calculations should be doublehecked for data input and math errors and fully documented to explain any base year adjustments.","Due to the rapidly changing product market for LED lighting, lighting products shall not be subject to this condition.","The comparison of actual to guaranteed savings should be denoted using the energy rates in effect at the time of project implementation.","This means that projects may be considered costeffective if they result in a net positive present value over their economic lifetime.","The baseline energy consumption for the facility, including the data, methodology and variables used to compute the baseline, and the baseline calendar period that will not be less than twelve months.","Prioritize your objectives, and develop strategies to help you achieve them.","This checklist is generally submitted on a monthly basis or quarterly basis.","Certified copy of minutes of hearing.","This response will establish the maximumaudit costs, markups, and fees for your firm for this project.","Fortunately, this information should reassure agencies that there are very few new concepts to learn in this realm, if any, and no complex rules or systems to implement.","Impact of Retrofit Strategy on Simple Payback Time.","Instead, in such cases, the ESCO made the decision without Facility Owner involvement and crafted the performance contract to favor the ESCO and not the Facility Owner.","Flex Techis a tate programadministered through NYSERDA thatprovides technical and financial assistance to eligible municipalities seeking to implement energy efficiency projects, including EPCs.","Installing a new or retrofitting an existing day lighting system.","If, once all of the contractedscope of work has been completed or is nearing completion and there are project contingency monies remaining the Contractor will work with the Agency to determine the best use of the remaining funds.","Holding an introductory briefing and providing copies of this Guide and accompanying fact sheets to all team members makes a good beginning.","Provide specific goals for the project, including any energy reduction targets that the local government has adopted.","Installation Verificationrification, ESCO and the Issuer will determine that the proper equipment components or systems were installed, are operating correctly and have the potential to generate the predicted savings.","Guarantee and, with respect to such Guarantee Year, ESCO shall have paid to Issuer the difference between the Guarantee and the Actual Savings, Issuer shall refund such payment to ESCO to the extent of the excess savings being credited.","It is important to establish trust and partnership with whichever vendor is chosen.","Unbalanced pricing exists when, despite an acceptable total evaluated price, the price of one or more contract line items is significantly over or understated as indicated by the application of cost or price analysis techniques.","Opinion Dynamics and Dunsky Energy Consulting recently conducted a survey of California homeowners and found that only three percent of those who had made energy upgrades had paid for them using some form of specialized efficiency financing product.","Construction costs: The contractor is responsible for determining construction costs and defining a budget.","The State Energy Office has developed a useful template for an Investment Grade Energy Audit Ageement which can be downloaded from the SEO Web site: www.","Click here to see if you qualify for a free subscription to the print magazine, or to renew.","Indeed may be compensated by these employers, helping keep Indeed free for jobseekers.","Research the services and contract involved, the background of the company, the situation surrounding the negotiations, and the careers of the negotiators.","The building only pays agreed percentage of savings.","State the nature and term of equipment warranties.","EEMs that are proposed for installation and EEMs that have been analyzed but disqualified because of cost constraints.","The type and location of energy conservation measures installed determine which method of energy use hows guaranteed savings for each method.","If a document amends only certain sections within a CFR part, the authority citation for the part will set out as the first numbered item in the list of amendments for the part.","If an executed contract is received after that date, the schedule below will need to be adjusted accordingly.","Fee Payment Schedule The fee is not established until after the audit is completed.","In other cases, the contractor will refer more complex problems and recommended corrective actions to the Contracting Officer and Installation Representative.","It is further understood that provisions for payment for the Energy Audit shall be incorporated into the ESA.","Authorized Uses of Savings.","ECM maintenance and operation?","Proposals are due on or before Date, Time.","The estimates in the report may also be used as the basis for subsequent paymentsf previous payments were based on expected savingsthen the estimatesshouldbe adjusted to reflect verified savings.","My office has also interpreted the new funding language to authorize payments from savings that result from avoided costs that would have been paid for from funding authorized or otherwise made available for energy efficiency improvements.","The resolution of problems through prompt and effective action by both e ESCO and the agency is essential to avoiding disputes.","Each of the following sections includebest practices for the individualphases of selection and carrying out the EPC.","In the case of a State governmental unit, a qualified provider shall provide an annual reconciliation statement based upon the results of the measurement and verification review.","If comfort level does not feel right, thermostats were adjusted that allowed deviation from contract terms of settings agrethe additional energy consumption and deviation from plan, which was not arguable.","Project managers must be knowledgeable about the state of the industry, aware of financing options and capable of measurement and verification of energy savings.","SYSTEMS STARTUP AND COMMISSIONING OF EQUIPMENT; OPERATING PARAMETERS OF INSTALLED EQUIPMENTSpecify the performance testing procedures that will be used for startup and commissioning of the installed equipment and total system.","Indicate the proposed number of personnel to be trained and the type and frequency of trainingto be provided for the duration of the Agreement.","Verify energy and operational cost savings for ten years or until the energy and operational costs savings pay for the project, whichever is shorter.","Performance contracting rformance contracting has historically been a distinguishing feature of this industry.","Day, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and the day after, and Christmas Day.","The shall notify the of any improper maintenance or repair as soon as has notice thereof.","Carbon Lighthouse guarantees the energy savings and cuts a check to the customer if savings fall short.","Clean Energy Finance Corporation, Energy Efficiency Council and Ai Group hosted a live, interactive online event to unpack and expand upon the guide.","Lack of Local Facilities Control There have been unreasonable requirements in the performance contracting business where some ESCOs have required that any after hours building usage changes must be telephoned to offices in far away cities for the ESCO to program.","But to this day, the vast majority of ESPC contracts are still based on stipulated, rather than actual measured, performance.","The conventional residential mortgage instrument is highly standardized, and this factor contributes to the robust secondary market among institutional investors.","ITC, and then lease it to a residential customer that wanted to install solar PV.","FEMP provides direction, guidance, and coordination among federal agencies to reduce energy consumption in federal buildings and operations.","Overall approach, plan, schedule, subcontracts, cost basis, time to complete.","However, there are a number of other barriers to efficiency adoptionwhich vary from market sector to market sectorand different financing products have been developed to address them as well.","Secretary until expended; and may be used only for the purpose of assisting Federal agencies in achieving greater efficiency, water conservation and use of renewable energy by means of privately financed mechanisms, including energy savings performance contracts and utility incentive programs.","DSM activities to prevent the duplication of effort.","The contract will include a measurement and verification component to ensure the equipment is performing as specified, which the ESCO is responsible for measuring.","PBS officials on current policy.","It explains in detail the planning, development and implementation of EPC projects in Switzerland.","WIRELESS THERMOSTATSReplace existing programmable thermostats withwireless thermostats with BACnet controls in select buildings.","In the MUSH marketin many states, TELwith nonappropriation clauses can be used to invest in efficiencywhile adhering to limits on the amount of debt that the entity can take on.","The performance contracting approval process is very long.","The Smart Energy Loan is an offbill unsecured residential option offered alongside onbill repaymentprogram as part of the Green Jobs Green New York initiative.","Sometimes, as in the case of California and Hawaii, state governmentshave played a key role in establishing and administeringthe institutions necessary for largescale onbill programs.","Department of Treasury issues a Request for Proposal from lenders to solicit the lowest interest rates available.","We worked with the ESCO to get what we wanted.","Also describe how the guarantee functioned and if your firm was required to pay funds to meet the guarantee.","The contractor shall clearly document the savings associated with the measures.","The National Association of Energy Service Companies is a trade association that promotes the benefits of the widespread use of energy efficiency.","It allows federal agencies to implement ECMs if the overall utility costs to the agency do not increase as a result of the contract and if any governmentincurred debt is secured by a guarantee of energy savings from the contractor.","The important thing is to have a method and procedure to rank proposers against each other in the most significant measures of project success.","Specifically address potential impacts on performance due to equipment failure.","We make decisions based on your opportunity.","Never compromise your integrity for the sake of dishonest gain at the negotiating table.","Performance contracting is included in our financing typology because financing is typically an essential element of these types of arrangements.","Several additional factors contribute to choosing one contract type over the other: generally, guaranteed savings models are used in more developed markets, with an established banking structure.","Most firms prefer to take on debt primarily for core business activities.","Document page views are updated periodically throughout the day and are cumulative counts for this document.","INSPECTION AND TESTINGAll materials and equipment used in the construction of the PROJECT shall besubject to adequate inspection in accordance with generally acceptedstandards, as required and defined in the CONTRACT DOCUMENTS.","The guaranteed savigovernment unit outlines the conditions of the performance guarantee, as well as the terms, the scope of work, and physical requirements of the improvements planned.","Comments on a potential process where the technical criterion to receive an IDIQ ESPC contract from DOE are based partially or fully on meeting requirements of an impartial, national ESCO certification program.","If the utility bills from a previous year were the baseline for measuring savings, the savings measurement would include not only the actual savings but the savings from reduced operating hours as well.","Themunicipal entity is often asked to agree to hold the lender harmless against claims by all third parties that arise in connection with the selection, purchase, delivery, installation, possession, use and operation of the financed equipment.","Service Network I, in White River Junction, VT.","Adjustments for Variables Affecting Savings.","Do not include any maintenance costs.","Direct Labor Man hrs.","Was the facility at the best electric rate and did the ESCO consider rate changes for energy cost savings?","The provision should state the rate at which such interest will be charged, or it may simply state that interest will be charged at the highest rate allowable by state law.","ESCO projects but are not possible to quantify.","How long did it take to complete the IGA?","Call or email to begin a relationship.","ESPC would result in avoiding the rwise made available for utility efficiency improvements.","Largescale ESPC projects support economic development by creating jobs and spurring local investment in materials and equipment.","ESPCmethod of identifying, implementing and financing energy and utility efficiency projects at public facilities.","These line items include all costs associated with paying code reviewers and application fees and inspections fees for such permits.","State and Federal laws.","Note: This service is for State Buildings Only The purpose of the State Construction Office is to provide professional architectural and engineering services and management leadership to state agencies.","Apply the reimbursement approach.","If the operating hours are stipulated, the baseline should be carefully documented and agreed to by both parties.","Several different features can be used with onbill products.","Energy saving or Energy performance contracting?","ESCO Project Characteristics and Performance.","In some instances, a highly experienced staff with an ESCO executive commitment would dictate a premium consideration.","An offer may be rejected if the contracting officer determines that the lack of balance poses an unacceptable risk to the Government.","Tier IIwill be used for those ECMs where savings are likely to persist following final implementation.","PBS designed to address the deficiencies identified in our report.","Federal energy efficiency and renewable energy improvements.","However, the choice of underwriting criteria is an important design issue for program ministrators because it appears to significantly influence onbill program application approval rates.","Did not specify how agencies are to assure price reasonableness.","EEMs is the addition of Energy Improvement Feature to their standard mortgage products.","Who Are the ESCOs?","In the event that the Verified Savings are less than the Guaranteed Savings for a particular Performance Period, the Savings Shortfallshall be represented, in dollars, as the difference between the Guaranteed Savings and the Verified Savings.","Replace older high energy lamps and ballasts with latest technology One of the easier benchmark computations to be made is to determine the annual cost of energy consumption of each building in the total campus.","Unsourced material may be challenged and removed.","Vermont Public Service Department.","Clients include state agencies, higher education, school districts, cities, counties and other municipalities.","Can Your Home Be Warmer?","In performancebased contracting, the agency specifies the desired result and allows the contractor to determine how to achieve it.","For taxexempt leases, in California and some other states, a municipal entity is not required to make rental payments without use of the financed equipment, permitting a termination of the lease payments.","The ESCO may add profit to these services but ESCO profit is not to be included in this line item.","There is opportunity in the water and wastewater utility sectors to implement energy management projects, potentially saving a great deal of money for the utility.","The ESCO will identify and implement capital improvement projects to reduce energy and related costs in facilities, such that annual cost savings are applied to annual payments for improvements.","The municipal entity should work directly with the manufacturer or vendor to make sure it has covered any ongoing service, maintenance or warranty agreements directly with the vendor or manufacturer of the equipment.","ESCOs applying for NAESCO accreditation were consulted for others.","Include the name, address, and telephone number of the preparer.","ESPC task order not been implemented.","CONTRACTOR shall comply with all applicable laws, ordinances and safety standards including those established by the Department of Transportation.","The ESCO conducts design and construction meetings and manages the selection of contractors and equipment suppliersafter consultation with the client agency regarding responsible and acceptable bidders.","ESCO proposals per NC general statute requirements.","They also provide greater flow on very low line pressures.","Thedeveloper recovers its investment through the sale of the lighting system to the leasing company.","Energy consumption is temperature driven and these setpoints are key for baseline and post construction.","Detailed cost analyses for the EPC will not be available until the initial audit is conducted.","The Base Utility Rates used to calculate energy increases will be used as the ceiling price for the Guarantee Term and shall be the highest rate used.","Install chilled water supply and return temperature sensor and immersion wells.","Clarify whether operating hours are to be measured or stipulated and what the impact will be if they change.","Contract, to the extent and in suchform as may be designated by CITY.","Ranges are not acceptable.","Where applicable, these documents shall beprepared by a licensed professional Landscape Architect, Architect, or Engineer.","Washington, Kansas and Pennsylvania are successfully using this approach and Louisiana is getting started.","Department and is shown to be cost effective.","The annual average cost to maintain the existing and postretrofit systemswas calculated using the rated life of components and the current cost of replacement parts.","The Town of Mamaroneckis exploring an energy performance contract for the Hommocks ice rink and potentially the own enter.","ESCO must have the demonstrated capability in engineering and management to provide a broad range of services.","As program funding permits in the future, a fee schedule or other sliding scale may be established.","FAR and to perform fair and reasonable price determinations with due diligence.","Describe source of savings.","Simple payback time for institutional sector projects.","Commission is the approval, sale, and delivery of substantially all North Carolina local government bonds and notes.","The documents posted on this site are XML renditions of published Federal Register documents.","This guide was assembled forthe Climate Smart Communities Program.","Financial tools featuring optional transferability require that purchasers explicitly consent to the transfer of the obligation.","For ECMs oposed, routine maintenance requirements for any new systems will be identified and documented.","Given these drawbacks, secured lending may be most appropriate for the residential sector.","These devices are a specialized faucet attachment with a rotating sleeve that prevents tampering with the faucet.","Bruce Stultz, Director of Energy Management.","To helpachieve energy reduction, this Executive Order requireagencies to maximize their use of alternative financing contracting vehicles, including ESPCs.","Accounting and maintenance can provide the information in most cases or should have access to the resources that have the information.","Master Lease Purchase Programwhich was created to help state agencies financecapital equipment.","The database shall clearly indicate the consumption, demand, and all associated costs of the commodities.","Future savings may be lost if building operators are not operating and maintaining installed equipment and systems in an efficient manner.","Moreover, the aim of the ESPC statutes is to authorize the use of private financing to implement energy savings measures.","Unbalanced pricing may increase performance risk and could result in payment of unreasonably high prices.","ITC cap and a recent trend of commercial claimed tax bases coming down has had the effect of diminishing the advantage of TPO over host ownership.","Was there a reference to arbitration if the contractor failed to meet contractual obligations?","Europe such as utility energy service contracts, power purchase agreements, and ESPC ENABLE.","Your browser sent a request that this server could not understand.","Although ESPC requires taking on additional debt, it is offset by the revenue stream the savings provide.","Energy service agreements: Potential big kid in town?","Prices paid in the past can be used to determine whether the prices offered for similar equipment and services are fair and reasonable.","In the case of cooling equipment, other temperature, should also be considered.","Michael combines diverse business experience with an exceptionally strong understanding of business planning and optimization.","Local governments that have municipal utilities might consider offering onbill loans to promote energy efficiency if their efficiency goals align with some of the potential advantages of this financing structure.","Ernest Orlando Lawrence Berkeley National Laboratory is an equal opportunity employer.","We had some maintenance people retirements and this allowed our existing maintenance people to learn over a longer period of time the new control and equipment features that are energy driven.","Extrapolation is acceptable at this stage of the project.","ESPCs are unlike typical appropriated construction projects.","Number and Value of Contracts.","Enabling Investments in Energy Efficiency: A study of programs that eliminate first cost barriers for the residential sector.","Select spaces such as conferences, open offices, classrooms, and exercise rooms etc.","Most of these energy management systems also provide capabilities for the reading of electricity, gas and water meters.","This information could prove to be very useful in the outyears of the contract to avoid potential disputes over longterm energy savings performance, overall facility energy consumption and costs.","State of Wisconsin Department of Administration, Division of Energy, Madison, WI.","Also, it is the most complex in equipment configurations, alternative design options, and control system applications.","DOT, it did not report conservation spending by its Federal Aviation Administration that, according to FEMP, should have been included.","According to one agency official, GSA has not used energy savings performance contracting because it has a designated energy conservation budget.","How much does an energy audit cost?","Federal agencies have various funding sources and budgeting methods for implementing energy conservation measures.","Comparison with competitive published price lists, published market prices of commodities, similar indexes, and discount or rebate arrangements.","Figure An escalation rate for this negawatt hour charge is built into the ESA agreement to reflect expected increases in utilityratesover time.","The greatest potential for justifying a performance contract based upon guaranteed savings will be evident in older HVAC systems.","What happens if actual energy savings are higher than projected?","Nothing contained in this CONTRACT shall create any contractual relationbetween any SUBCONTRACTOR and the CITY.","Scope of Work for RFP in the RFP Scope of Work.","The states of Washington, Kansas and Pennsylvania have successfully applied this approach and many others including Louisiana are establishing this now.","Need for Guidance Agencies have struggled with fair and reasonable price determinations in their ESPCs primarily because this alternative financing vehicle is relatively new and relatively rare in the federal sector.","The performance bond shall cover completion of the physical work per the approved design.","CONTRACTOR shall provide written notice to the CITY of the existence, extent of, and reason for such delays, and an equitable adjustment in the Contract time shall be made as a result.","As such, they can offer considerable support in getting city staff and elected officials familiar and comfortable with the process.","Consider holiday or seasonal schedules if they are the best times for construction.","Washington DC: Institute for Building Efficiency and Johnson Controls.","Did the ESCO provide a specification for each replacement item?","Existing control sequence shall remain.","Grade Audit Briefly summarize your overall approach to auditing.","Interest charges on operating leases are implicit and not disclosed.","Meet quarterly to review the opportunities list and discuss implementation progress and areas for additional analysis.","Proposers shall not rely on anyverbal responses fom the City.","Con Edison in the New York City area.","What was the length of the guaranteed energy savings contract?","Another funding source available to federal agencies for energy efficiency improvements is a portion of the energy savings realized by an agency from energy conservation measures that have been implemented.","Turnover is a key concern for every building management team and an automated technology solution will assist in training maintenance personnel by automating preventive maintenance scheduling, work orders and inventory management.","The contracting officer is responsible for evaluating the reasonableness of the offered prices.","Installment and lease purchase contracts.","All surplus materials shall be immediately removed and disposed of in approved manner.","For example, consider the procurement of a computer.","Program Administrator Acts as Warehouser.","DOE ESPCs can be used for any federally owned facility worldwide.","Details on when the local government will be compensated by the ESCO for any shortfall should also be clearly defined in the contract.","Clients may have the means to finance energy efficiency projects, but experience has shown that energy efficiency projects are not an imperative investment priority for many businesses.","Hybrid: blending the alternative approach with one of the two other approaches.","An appendix may appear at the section, subpart, or part level.","The guarantee is required to cover the cost of this service.","Click this link to visit our Twitter profile in a new tab.","Coordinate with City IT department on Ethernet cable drop locations.","To date, few programs have sought to leverage the use of subordinate lien, secured loans in this context to encourage greater integration of energy efficiency into such projects.","If you have been listening actively, you will have clarifying questions to ask.","This phone number format is not recognized.","Also, coordination of energy performance contracts with other construction projects helps to minimize conflicts between project goals.","Recurring energy cost savings only, which will show in an account for paying for electricity, are used to pay the contractor.","ESCOs should provide this information when requested.","Energy Audit Report that will serve as the technical basis for the performance guarantee.","Interest Rate Limitations Depending upon applicable state law, the interest rate borne by a taxexempt lease purchase agreement should not exceed any applicable usury limitation or otherwise exceed limitations on the maximum interest rate for public obligations.","FEMP maintains a database of prices for all of the ECMs installed under its Super ESPCs and makes the information available as requested to project teams installing similar ECMs in other projects.","ESAs are private contracts.","Indemnification An indemnification clause stipulates that the municipal entity shall hold the lender harmless from a variety of thirdparty claims or suits.","Market research More applicable to cost analysis.","Verify the existing pump rotation.","Should KPIs deviate from those prescribed, the energy model can be updated with performance period operation to reflect performance period savings.","The baseline data also is used to determine the cost of energy that will be used in the calculation of energy cost savings.","Texas city manager Often an ESPC will introduce new technology and systems into facilities.","She previously analyzed facility energy issues and determined appropriate investment strategies for energy projects for the Navy.","Proposals should include all necessary information that is pertinent to these evaluation criteria.","Fees pay for program services and more!","The supervisor shall be present on the site as required to perform adequate supervision and coordination of the WORK.","The shall have the right to designate representatives to be present at any or all such tests including representatives of the manufacturers of the ECMs.","See the License for the specific language governing permissions and limitations under the License.","Quality Control Some performance contracts have been poorly defined.","Oralstatementsinstructionsshallnotconstituteamendmentto this Request for Proposals.","MUSH market consists of municipalities, universities, schools, and hospitals.","State governmental unit, in which the facility or facilities are located.","Proposals will be sealed, opened by the Owner and read in public.","Federal Taxpayer Identification Number and that the ESCO is doing business as a Corporation.","The expertise should be based on the actual performance of the detailed tasks instead of simply functioning in a management role.","Monitoring implementation schedules for all phases of work.","The recommendations includeimproving oversight of ESPC savings evaluation; identifying, andif possible, recovering savings shortfalls; renegotiating operations and maintenance contracts; ensuring witnessing and proper review of measurement and verification reports; and verifying that current and future ESPCs have all required contract documents.","This clause permits the municipal entity to terminate a taxexempt lease purchase contract at the end of any appropriatioperiod if funds are not appropriated or otherwise available to make the payments due under the lease contract in the subsequent appropriation period.","The ISSUER may also request additional materials, documents, or information.","The first phase of the ESPC project is the energy audit and design phase.","The probable cost shall be used for purposes of evaluation to determine the best value.","Equipment datalogging opportunities when timeappropriate.","Raleigh and are subsequently delivered to the successful bidder by the Commission.","That email is too long.","Certificate is submitted to ISSUER.","However, a municipality could receive an incentive for the equipment installations through the Existing Facilities Program.","ACEEE values your privacy, so please be aware that this website uses cookies to store information.","These would have helped with our project development.","Projects are selected for funding from the priority list, and projects are selected until the funds are fully obligated.","We focused on projects that had similar scopes of work and weather conditions similar to ours.","Additional stakeholders may be engaged throughout or at key points in contract development and implementation phases.","Risk Insurance, Automobile Liability Insurance, Professional Liability Insurance, and other General Liability Umbrella policies.","First, attack problems, not people.","The acquisition team will be able to use this information in addition to pricing benchmarks and other comparative prices to evaluate price reasonableness.","What size were these projects?","Pursue Interests, not Positionsfrom inventing and considering creative ways to advance their interests.","We control data quality by reviewing projects and working with ESCOs and state agencies to ensure accuracy.","In addition to traditional financing products, new financing products have emerged that are tailored to specifically address barriers to energy efficiency adoption.","This option requires considerable technical and engineering skills in the calibrated simulation and is usually applied when no base year is available.","Guidelines for Energy Projects in effect at the time of execution of this Agreement.","Work; and ensure that an adequate force of skilled workmen are available to complete the Work in accordance with all requirements of this Agreement.","It is the responsibility of the ESCO to familiarize itself with all provisions of this Agreement and the Project Documents in order to understand fully the entirety of its rights and responsibilities hereunder.","To save time, request legal review and approval during the RFP stage.","Was the ESCO easy to deal with considering that the contract was for fixed price?","She holds a BA in environmental science from Oberlin College, an MBA from California Polytechnic State University, and an MS in civil engineering from Carnegie Mellon University.","Many MUSH market entities are taxexempt.","It also should provide a listing of documentation requirements that will satisfy the particular local government according to statutes and department guidelines.","If CITY is the nonbreaching party, CITY may choose to specifically enforcethe contract by its terms in lieu of termination.","For DESEnergy Program managed projects, open book pricing principles are used for the project.","GUIDE TO ENERGY PERFORMANCE CONTRACTING DEVELOPING THE NEED BASIS This page left intentionally blank.","SUPERVISION BY CONTRACTORThe CONTRACTOR will supervise and direct the WORK.","The costeffective EEMs to be installed and a description of the EEMs analyzed but disqualified under costeffectiveness criteria.","Agent name and all costs associated with opening and maintaining the escrow, including any investment management fees, if any.","Each page shall have the name of the respondent indicated clearly at the top of each page.","We divide these structures into three types of programs bserved in the field: Line Item Billing no disconnection, no meter attachment.","Contractor will maintain an ongoing record of the project contingency throughout the project.","The views and opinions of authors expressed herein do not necessarily state or reflect those of the United States Government or any agency thereof or The Regents of the University of California.","Lease, loan, or service agreement?","The city should consult the ESCO and thirdparty experts to understand their options and what arrangement best serves their needs.","Cost Effectiveness Criteria, then there is no cost to the CLIENT and no further obligation by the CLIENT.","The client agency also may establish supplementarycosteffectiveness criteria, including but not limited to: simple payback, budget neutrality, or maximum financingterm.","Measures Not Evaluated: Include a discussion of measures not evaluated in detail and the explanation of why a detailed analysis was not performed.","Like car leasing, equipment leasing may also ultimately lead to an outright sale of the leased equipment.","Back Form for Energy Performance Contracting Services for Customer Name\u7000 Yes, I am interested in receiving a copy of the RFP for Energy Performance Contracting Services.","Describe the process and the intended schedule for each step so that the team members know what to expect.","Ogden City Energy Performance Contractof TIME FOR COMPLETIONThe date of beginning and the time for completion of the WORK are essentialconditions of the CONTRACT DOCUMENTS and the WORK embraced shall becommenced on a date specified in the NOTICE TO PROCEED.","ISSUERS inspection and approval of the goods, equipment and services for which any Application For Payment is made.","Submit to the Component Head or designee proposed energysavings projects for a given fiscal year that are projected to cost more than the amount of funds available to the Commander for that purpose.","Comments submitted to the Financial Accounting Standards Board.","FEMP guidancestatesthatthe original budgeted amount must be deducted from the estimated savingsto compute the projected savings.","Similarly, qualification requirements for rebate or incentive payments may change over the course of an ESPC project and ultimately not pplicable financial and tax credits, emission reduction credits, and White Tags.","Local Government standards and design criteria guidelines and requirements are applicable as identified.","It is only recently that State Buildings had any significant participation in performance contracting.","The State Energy Conservation Office shall establish guidelines and an approval process for awarding energy savings performance contracts.","Life Safety system and associated components is excluded.","Operating and ECMs Maintenance Responsibilities.","The savings figures are used to determine if the guaranteedcostsavings were met and if not, whetherpayments to the ESCO must be adjusted.","It was combining these estimates with the deals it predicted it could get on electricity.","Services as defined in Schedule C, for every year of the contract term.","ASHRAE Level II Audit: Energy Survey and Analysis.","For information on the advantages and disadvantages offbalancesheet financing, consult an accounting professional.","The EPC commits the ESCO to installing the necessary equipment, provides a performance guarantee and establishes the terms of any upfront or ongoing payments, which are intended to be less than the financial savings realised by the project.","This energy cost would exclude separate metered exterior lighting or the fixed pole charge lighting cost of parking areas.","Standard tools and contract templates to allow consistency and project replication.","No Facility Owner should allow these terms.","Loan performance on longerlived loans is exposed to and may be impacted by multiple economic cycles.","Each response will be reviewed to determine if it is complete prior to actual evaluation.","The savings can be variable and the contractor may be unwilling to invest in these measures.","Federal agencies in return for assisting agencies in achieving energy efficiency in Federal facilities and operations by the use of privately financed, energy savings performance contracts and other private financing mechanisms.","Pricing from previous contracts Not all ECMs lend themselves to the development of pricing benchmarks or rules of thumb.","The ESPC approach has been more heavily used in the past for other kinds of projects, but now appears to be gaining some momentum for water systems, including small water systems.","Commencement of warranties for each ECMFinal completion inspection.","NECPA to revise the definition of energy savings to include water conservation measures.","PC maximizes utility financial participation in the project.","Second, remember that all All negotiations take place between people, with emotions, desires, insecurities, private pressures, sleep deficiencies, and headaches.","Savings are determined by comparing the energy use before and after the installation of ECMs.","Specify how permanent changes, such as changes in square footage, will be handled.","The ESCO guarantees energy cost savings will equal or exceed this payment.","One city manager advised site visits of previous projects.","To show one method of tracking the savings and payments associated with a FEMP ESPC project, we use five examples of typical FEMP ESPC projects, beginning with the simplest and proceeding to the more complex.","In many instances, the guarantee period is the same as the financing repayment period.","Staff training is conducted at this stage.","This reflects both intensified data collection efforts in recent years and the growth in the industry as a whole.","Energy Efficiency Lease Program.","What happens to all the cash savings from the improved building?","California customers will have the option of paying off the lease on their utility bill.","The focus of this report is on primary market financing products that are customerfacing and support the initial installation of enduse efficiency measures.","The effectiveness of PACE in encouraging comprehensive home retrofit projects encouraging more efficient choices remains somewhat unclear.","ENERGY SAVINGS PROJECTIONSThis schedule should contain the projected energy savings in units for each year of the contract.","If INSPECTING OFFICER is unable tocertify payment in the amount of the request, INSPECTING OFFICER shallnotify CONTRACTOR and CITY.","This often eliminated cost sharing, not knowing the monthly consumption rates for NG, propane and fuel oil consumption nor having the ability to adjust weather conditions with kwh consumption usage on a monthly basis.","These subcontractors are selected by the ESCO from bidding on specifications developed by the ESCO.","Some experts suggested running multiple preliminary audits may reveal a broader range of project opportunities.","Request for Proposal after the time and date set for the proposal opening.","On the submittal packet, please display the firm name and RFQ title.","An ESCO makes a proposal to a water system and designs a package of energy cost reduction measures.","The techniques described in the FAR are the following.","Such payments are made up front, prior to the commencement of Year One of the performance period, and are in addition to payments made from energy cost savings during the performance period as established in the ESPC contract.","Delays: Both the contractor and the City can cause delays.","DOE and GSA provided written comments, which we reviewed and address below.","Cityassumes little responsibility for cost overruns.","TECHNICAL AUDIT GUIDE TO ENERGY PERFORMANCE CONTRACTING The primary disadvantage of using billing data to measure savings is that it reflects not just the impact of the energy efficiency equipment, but the impact of all changes that affect building energy usage.","With background awareness and interest, school administrators typically begin this process by assembling a work team and project leader to gather and evaluate this preliminary information.","Department of the Army Policy Guidance for Implementation of an Energy Savings Performance Contract.","Statements of savings contained in the Detailed Energy Analysis are projections only and do not constitute, and shall not in any way modify, the statements of guaranteed savings contained in this Schedule C and Schedules referenced herein.","Such costs shall be prepared in good faith by CONTRACTOR and accepted by INSPECTING officer prior to becoming part of the CONTRACT DOCUMENTS.","Vlan before awardand did not complywith fair and reasonable pricing regulations or guidance.","ACTIVITIES AND EXPECTED FIRST YEAR SAVINGSDevelop section for each ECM.","In addition to equipment installation, the ESCO may propose various repair and maintenance if the justification basis is marginal.","Option A is typically used for lighting system improvements; Options B and C are used for other types of EEMs.","State aid that the districts might have becauseaid attributable to the project from the calculation of cost savings under the EPC.","Use a slightly conservative estimate of interest rate for planning purposes.","Describe how the guarantee provisions work in the event that project results vary from projections.","The inclusion of several energy saving projects for multiple buildings might be required to generate enough ESCO interest for proposals.","Most homebuyers must take out a loan to buy their house.","Multiple measures, end uses, and retrofit strategies.","An Energy Savings Performance Contract may be negotiated following the audit.","Automatic controls, lowflow faucet aerators, lflow toilets, pool covers, and irrigation system controls or modifications.","Include date ECM was in effect, and reference acceptance documentation.","The Secretary concerned or designee determinethe accounts to which such proceeds mustbe credited.","Two experts recommended requiring ESCOs to present multiple project options, with several courses of action or technologies, to encourage the ESCO to reach beyond standard project approaches.","CITY shall not be liable to CONTRACTORfor any such payment made in good faith.","Did you involve local subcontracting of parts of the performance contract?","Water Use Savings, during the used or accrued to meet the Savings Guarantee.","State law will often determine the extent to which remedies may be imposed.","These default rates are low compared to common types of unsecured consumer lending, which may range from midsingle digits to low doubledigits.","ESCOs can evaluate their proposal position.","Savingsbacked arrangements, such as ESPCs and ESAs, are highlighted because they tend to be structured so as to be cash flow positive.","This tends to favor price analysis over cost analysis.","Test and balance of smoke control systems are excluded.","Berkeley: Lawrence Berkeley National Laboratory.","DECISIONS TO WITHHOLD CERTIFICATION.","INSPECTING OFFICER will furnish final list of items to be corrected.","NEGOTIATIONSGUIDE TO ENERGY PERFORMANCE CONTRACTING established for the betterment of county government in North Carolina.","EEM but are used for existing houses or are part of a refinancing.","The Base Utility Rates are those utility rates used to calculate the water savings and are the rates set forth below.","The City believes that it cn best maintain its reputation for treating service providers and supplirs in a fair, honest, and consistent manner by conducting solicitatiogoodfaithandgrantcompetitorsequalopportunityto winaward.","Number of Performance Contracting Projects.","For example, one small water system utility we have talked to issued municipal general obligation bonds and placed the bonds with a bank.","Small Business Lease Program will offer small businesses leases backed by a loan loss reserve.","However, additional audits require time and staff resources and often reveal similar answers.","Funds are also used for DGS Energy Management Staff training and ongoing education.","Energy savings and comfort levels are in conflict.","However, as with the use of price lists and guides, the information obtained usually applies to specific commercial items.","ESCO taken out of them.","Program managers then select the projects with the best economics and provide funds for design completion and equipment installation until the available appropriated funds are all allocated.","Owners are actually spending the money today and must budget for the lease payment each of the next years.","ESPCs actually require it to pay its client what the client was supposed to have saved.","Any Citypersonnel hired after this training will need to be trained by the Cityif they will be responsible for maintenance on the light fixtures.","ESCO would have been sustained a loss if the entire contract would have been completed, no profit shall be allowed or included and the amount of compensation shall be reduced to reflect the anticipated rate of loss.","Evacuate and dispose of refrigerant.","ESCO has not submitted, and PBS has not actively sought, the required final commissioning report for this project more than yearsafter project acceptance.","Innovations and opportunities in energy efficiency finance.","Work with local utilities to maximize incentives related to energy savings.","Right to Reject or Stop the Work.","Per statutory requirement, FCIP does not charge more than needed to operate the fund, so the fund balance does not grow significantly.","The total value of Hard Costs is defined in accordance with standard AIA definitions which include: Labor Costs Subcontractor Costs Costs of Materials and Equipment, Temporary Facilities and Related Items Miscellaneous Costs such as Permits, Bonds Taxes, Insurance, etc.","At that time, we will send copies to appropriate congressional committees; federal agencies; the Director, Office of Management and Budget; and other interested parties.","Definitions of ESCO market activity must reflect industry evolution and changes in ESCO products and services.","The client agency may use this information for future projects or for alternative financing beyond that offered by the ESCO.","What type of information can the project facilitator provide?","The Owner shall be named as an additional insured on said policy.","Others indicated they had trouble finding an engineering firm providing this type of thirdparty review service.","Proposed guaranteed energy savings contract with all schedules and exhibits.","Terms of Savings Reconciliation Versus Budget Cycle Several ESCO performance contracts are written to allow the ESCO to carry over savings that occur in early years to offset losses in later years.","This agreement sets upa contractual relationship between the two public agencies that, once authorized by the governing bodiesof each party, allows each agency to performany governmental service, activity or undertaking that the law authorizes.","The tool contains pricing information on the selected ECM, allowing simple comparisons with the proposed ECM.","Contract represents the entire and integrated agreement between Cityand ESCO and supersedes all prior negotiations, representations or agreement, either written or oral.","Grade Audit Fee In the table below, provide the maximum fee to conduct the Investment Grade Audit and Project Development Proposal, on a cost per square foot basis.","Work as to avoid such materials.","Importantly, the value of automatic transferability in overcoming the long payback barrier is based on the assumption that subsequent owners will value the improvements for which they are being asked to assume the assessment payments.","These programs generally offer lower interest rates than agenciesby themselves, could otherwise obtain as well astechnical, legal, and financial assistance.","Each ESCO will have estimating procedures and methods for defining these costs according to proven historical project successes.","Oftentimes theseprojections are broken down on a measure by measure basis although some measures may be aggregated into general categories such as lighting or HVAC.","WORK together witha suitable number of bench marks adjacent to the WORK as shown in the CONTRACT DOCUMENTS.","Association of State Energy Officials.","The ESA provider often subcontracts engineering and installation to an energy service company that can implement complex projects and guarantee savings.","Current audited financial statements have been received by Fiscal Management.","In conducting this evaluation, the contracting officer shall ensure that the effects of inefficient or uneconomical past practices are not projected into the future.","Since then, most states have passed similar legislation allowing state and local government agencies to enter into these types of contracts.","The stub entry mustidentify those obligations as to the purpose for which the obligations were incurred.","Respondents are advised that DOE is under no obligation to acknowledge receipt of the information received or provide feedback to respondents with respect to any information submitted under this RFI.","Review any assumptions about how the facility is operated and occupied, being mindful of how future changes may impact energy savings.","Responsive to in developing and adapting strategies, equipment, and maintenance practices in response to changes in utility rates, technology, and building conditions in order to enhance project performance.","NAESCO members combined with their own expert judgment.","Describe your approach to ensuring we get good value at a reasonable cost for this project.","Summary In recentyears there has been significant growth in the size and sheer number of energy efficiency financing programs.","Include periods of monitoring and durations and frequency of measurements.","Exercise of the right to request an audit shall in no wayrelieve Issuer of its continuing obligation to make current payments pursuant to this Agreement.","The shall consult with the regarding the coordination of the Work with any other work being performed by other Companies at the Premises.","Contracting officers are directed to require offerors to submit the smallest amount of information necessary to determine price reasonableness.","ESCO or a thirdparty provider within a feestructure set out in the ESPC.","Include operating parameters should for the operation of the installed equipment such as temperaturesetbacks, equipment run times, load controlling specifications and other conditions for the operation of the equipment.","ESAprovidersand limited reach in terms of geography.","At present, ESAare not well understood in the marketplace.","Any large building or group of buildings is an ideal candidate for performance contracting, including council, state and federal sites, schools, hospitals, commercial office buildings and light industrial facilities.","Administrative acknowledgement of project approval based on low cost and high return is one negotiating tool that is always appropriate.","Corporate Policy does not allow for subcontracting abatement of asbestos or lead paint.","Consult with the technical staff in School Planning staff of the NC Department of Pubic Instruction.","Energy efficiency markets, however, face a wide range of barriers, which have been detailed in a series of recent publications.","Local government units may use any funds, whether operating or capital, for the payment of a guaranteed energy savings contract.","When this occurs, the Facility Owner may see fewer or lower quality products.","They can be easily customized to meet the needs of any SEO or similar government department.","The flexibility to determinerates and terms generally depends on the capital source being used.","IRR thusaddresses the main drawback of simple payback analysis by accounting forcumulative cash flows over the expected life of the improvements.","FHA would insure a PACEencumbered property.","Project costs can be included in the mortgage with no down payment for the energy package portion.","Indoor air quality improvements to increase air quality that conform to the applicable state or local building code requirements.","Super ESCOs provide training.","If the ESCO is unable to finance a project through construction completion, including the cost of the IGA, the energy services contract may be terminated atno cost to the client agency.","Receipt of submittal by the specified date and time.","In this case, coal use will decrease, but natural gas use will increase.","Savings to the normal annually appropriated accounts will be the source of future year payments.","Many of our contributors had positive experiences using the recommended engineering firm, though municipalities are not obligated to use a reviewer that is recommended by the ESCO.","Monitoring Phase: After construction, the ESCO will offer a variety of services to ensure savings are met, such asa savings guarantee, staff training, followup monitoring, and contract maintenance services.","Southland Engineering, Southland Energy, and Envise, within an integrated workspace.","They are functions that facility and energy managers should do as a normal part of their responsibilities to manage the energy performances of their facilities.","Completing the CAPTCHA proves you are a human and gives you temporary access to the web property.","PACE programs at no cost to program sponsors in exchange for the exclusive right to fund assessmentsin the jurisdiction.","The energefficiency gap: What does it mean?","Monitoring maintenance efforts to insure that the contractual requirements are met.","ESPC Appendix and Schedulesd.","To help the agency understand the actual impact on its budget the actual savings in dollars should also be denoted using the energy rates in effect at the time of the report.","ECMs at the same or other sites, if such information is available.","ESCO in the IGA.","Insure that equipment is not tampered with, damaged, vandalized, or taken out of service without the express knowledge of ESCO.","The energy consultant shall be responsible for developing, providing, and implementing a Commissioning Plan.","The calculation methods used to determine the savings will be explained.","Providing Energy Savings through Energy Performance Contracting.","Require that the ESCO provide a commissioning plan for the ECMs implemented to ensure proper implementation of ECMs.","Survey of State and Local PV Program Response to Financial Innovation and Disparate Federal Tax Treatment in the Residential PV Sector.","This encompasses a number of different techniques.","NHSaves has all kinds of tips, rebates and incentives to help homeowners to reduce their energy bill and be more environmentally friendly.","The recoverable funds will be used for all necessary program expenses, including contractor support and resources needed, to achieve overall Federal energy management program objectives for greater energy savings.","Retrofit isolation methods consider only the affected equipment or system independent of the rest of the facility.","Effect on ESCO market activity.","The CONTRACTOR shall maintain a clean work site by keeping the site free from litter and debris.","Familiar with large lighting, security lighting and sensor systems.","Then he would write up a contract with the building owner.","The focus of this report is on primary market financing products that are customerfacing and support the initial installation of use efficiency measures.","Progress Payments Against Contract Sum.","ATTACHMENT C: ESCO RESPONSE GENERAL INFORMATIONResponses must be submitted in the format outlined in this section.","Bonneville ower dministration, is greater than the net present value of the costs of implementing, maintaining, and operating such facility, activity, measure, or piece of equipment over its useful life, when discounted at the cost of public borrowing.","The ESCO guarantees that the improvements will generate energy cost savings sufficient to pay for the project over the term of the contract.","To determine how each agency plans, budgets, and reports energy conservation and consumption data, we interviewed the energy managers at the six agencies regarding their energy management plans, funding, tracking and accounting systems, reporting procedures, and other energy management functions.","Pick and choose questions that seem the most useful to your list of questions that allow you to better discern the relative strengths of each proposal and proposing ESCO.","The agreements between ESCOs and contractors are akin to standard construction contracts or subcontracts.","Describe how you propose to guarantee the timely availability of sufficient funds to complete all capital improvements anticipated for this project.","Some private lenders, state and local governments, and federal agencies also offer secured lending products specifically dedicated to promote energy efficiency in the residential sector.","Therefore, this documentation should be submitted at least quarterly to demonstrate project implementation.","Must be able to calculate and verify the net savings of the proposed and also the completed systems, now under contract.","Down Arrow keys to increase or decrease volume.","How were the financial issues and cost defined for the contracts?","Municipalities often include energy projects in capital or operating budgets and fund them with energy cost savings.","Specify expected equipment life and warranties for all installed equipment.","The does not assume any responsibility for the availability of any controlled materials or other materials and equipment required for the Work.","The annual payment schedule for the ESPC cannot exceed the value of the annual utility savings created by the installed energyefficiency improvements.","The shall give the ISSUER advance written notice if it intends to remove or replace the project manager In the event the project manager fails to perform its duties under this Agreement the ESCO shall provide a competent replacement.","Was any of the design subcontracted by the ESCO?","ESCOs must pay code reviewers to review design drawings; and render decisions on designs meeting code.","Energy Resilienceand Conservation Construction Projectsprovides that the Secretary of Defense may carry out a military construction project for energy resilience, energy security, or energy conservationwhich has not been previously authorized, using funds appropriated or otherwise made available for that purpose.","You are not requirto send a representative to thepreproposal conference.","Qualified staff may not be in place to oversee these steps, so the thirdparty consultant can help to navigate the process.","Federal agencies may incur obligations pursuant to such contracts to finance energy conservation measures provided guaranteed savings exceed the debt service requirements.","Fee Payment Schedule The fee is collected from the ESCO instead of the agency.","ESCO to define a scope of work for the proposal basis.","As can be seen there is a fairly broad range of results.","GSA said that it is uncertain whether it will meet the reduction requirement with its current funding sources, and USPS said that it is ready to meet the requirement if adequate funding is provided.","Creativity is the spark that ignites negotiating breakthroughs.","Keystone HELP provides a convenient, fixedrate, contractordriven financing offer to address this gap.","In addition, the municipal entity may be asked to hold the lender harmless from any and all claims or proceedings in which the lender is a party as a result of its interests in the contract.","If such Work is not acceptable to the ISSUER at the time of such preliminary inspections, the will be provided written notice as to the particular defects to be remedied before the Work will be accepted.","Power disruption and disconnect interface to the utility?","Premises or with regard to maintaining any of the energy related equipment located in the Premises.","Update available mechanical drawings, control drawings, and balance reports.","Federal agencies from fully utilizing the program.","For energy resilienceor energy security, the notification must include the rationale for the project, and known vulnerabilities.","Notwithstanding any other provision of this chapter, a state agency, without the consent of the commission, may enter into an energy savings performance contract in accordance with this section.","Recognize that the audit does not determine the scope of work but is now an attachment to the contract for reference purposes.","Evaluation Parameters City of Asheboro Johnston Community College Wilkes Community County Edgecombe City Mt.","FAF members include the American Accounting Association, American Institute of CPAs, CFA Institute, Financial Executives International, Government Finance Officers Association, Institute for Management Accountants, National Association of State Auditors, Comptrollers and Treasurers, and the Securities Industry Association.","The balances in this account remain available for obligation until expended.","US EPA, shall be held liable for any statements, written or oral, included in this report, nor be held liable for any damages resulting from the information reported herein.","Please fax back the enclosed SITE VISIT REGISTRATION form.","WARRANTY DELIVERY: Delivery of guarantees and warranties shall notrelieve CONTRACTOR from any obligation assumed under any other provisionsof this contract.","These plans are required to ensure that PBS knowshow the ESCO sured quality control during ECM installationas well as the qualifications of the ESCOemployeewho wereresponsible for quality control.","Performance Bond A performance bond acceptable to the Local Government Commission is required for financing a government unit performance contract.","ESCO estimates made in the base year.","Some municipalities find it helpful to secure a thirdparty consultant to interpret the technical reports that are generated and help with the procurement process and developing contract documents.","School Board to make the payments under the Contract, provided that the County is not bound in any manner to appropriate funds to the School Board in amount sufficient for the School Board to make such payments.","The allotment is provided at the beginning of each fiscal year.","Addressing internal agency policies and processes to speed up key reviews, approvals, and decisions.","The project manager should recruit people expert in each of the areas listed above early in the development of the project.","What Have We Learned from Energy Efficiency Financing Programs?","The more each side argues its position, the less flexibility it has to explore other options.","Note that the City will nswer infrmal questionsorally.","Heating hot water with steep demand charges, large, single stage chillers thboiler were replaced with more load range flexibility and less costly energy sources.","Certificate of Acceptance Technical Audit when the Technical Audit is completed.","The finance charges are part of the overall project costs.","This notification must be provided within one month ofchange.","FEMP ESPC Most projects are based on savings of more than one type, in more than one account.","Level of expertise involved?","Ownership of Existing Property.","It also provides creative options for the clients as they explore various technical alternatives with the help of the consultants.","ESCO, using funds from the account or accounts designated for payment on this contract.","Determine how the EPC will be financed.","But it is important to fully disclose all pertinent information and not allow frustration to result in the parties losing focus on the project value and their real interests.","City facilities including, but not limited to: Mechanical Systems.","The ESCO sends invoices to the agency, starting with the first day of the month after acceptance.","Project Definition supplied to the ESCOs for proposing a performance contract.","Schools designers in the planning and design of high quality school facilities that enhance dren and citizens of the state.","RFP Document The Request for Proposal seeks to gain important evaluation information about the proposers, but also conveys the scope of work, project boundries, and expectations of the owner.","Because neither Fannie Mae nor HUD directly extend the loansprivate lenders do thatloan terms may differ from product to product and from market to market.","An ESPC can also be selffunded by the city, avoiding financing entirely.","DGS also works with school districts and local governments.","Function that tracks a click on an outbound link in Analytics.","When an ESCO and a client hammer out an ESPC, they consider a long list of efficiency measures that a building could use.","Tracking energy performance makes administration and operations more aware of the causes and influence of changes that affect energy cost.","This maintains fairness and competitivenessbetween the ESCO and the subs.","Also describe the professional and skilled trades that your firm customarily performs with employees.","ESPC bidding procedures, unless the agency has elected to develop its own list of qualified firms consistent with the procedures set forth by the DOE.","These contracts can be used especially when federal funding is not available.","HOP DRAWINGSare drawings, diagrams, illustrations, schedules, performance charts, brochures, and other data which are prepared by CONTRACTOR or any SUBCONTRACTOR, manufacturer, supplier, or distributor.","Price, although a consideration, will not be the sole determining factor; however, itwill have a significant weight as noted in the evaluation section.","SCOPE OF WORK Investment Grade Audit and Project Development The Investment Grade Audit will identify potential costsaving measures, determine the cost and savings of each measure, and present a measurement and verification plan to validate future savings of each measure.","These programs enable businesses to minimise, or avoid, the upfront costs of the project, with loan repayments enabled with the savings that the project has generated.","What About Small Law Firms?","IASB process as it relates to different financial structures.","It appears that private sector customers selectively focus on individual measures with shorter payback times, which is consistent with the higher investment hurdle rates typically reported in the trade press for these customers.","Why should we select you?","The Fund provides grants from DOE to federal agencies, except USPS, to assist them in meeting energy management requirements.","These are delivered through project, technical, and program services.","In that case these special arrangements must be reflected in the contract documents.","For ESPC and utility privatization projects, the contractor shall assist in the collection of data for the available rebates or grants.","Identify whether proposed measures must be costeffective on a standalone basis or whether they will be considered as a bundled total.","If the ESCO identifies costeffective measures and the client decides to proceed, an energy services proposal is completed and presented.","Were there escalation clauses incorporated for utility service changes?","Request the ESCO send personnel who will actually manage the ontheground to the interview as well as company leadership.","Any contractual conditions that affect the savings guarantee must be realistic and technically sound.","OF PROPOA team of employees and management professionals will evaluate the proposals.","Office of the Director, Federal Housing Finance Agency.","PROPOSED ENERGY SAVINGS: What is the estimated range of energy and demand savings achievable for projects similar to ours and how are estimates derived?","However we talked to one company that aims to break this barrier by combining ESA financing with utility incentives, allowing the execution of larger projects and correspondingly larger savings.","They may be more interested in low costs than in ensuring thattheir home is energy efficient.","ESAs and MESAs unless otherwise specified.","In this event, shall not be obligated to pay any amount to ESCO for services performed or expenses incurred by the ESCO in performing the Energy Audit and preparation of the Report required under this Agreement.","US Department of Energy for energy saving performance contracts in its Federal Energy Management Program.","Small Business Energy Advantage program.","If you are unfamiliar with the other party, you are easy prey to misinformation.","Facility Owners Preliminary Energy Assessment and Cost for Defining Need of work and use this information in a proposal request for evaluating ESCO cost, experience, and capabilities.","ESAs allow building owners and managers to implement energy efficiency measures with no upfront costs; minimize the project performance risk and utility bill price risk; delegate operationand maintenance responsibility to a thirdparty; and potentially garner offbalancesheet treatment for project costs.","The scope of additional representations and warranties included in a taxexempt lease agreement vary from lender to lender.","Capital Regiondid not comply with applicable laws, regulations, and guidance when awarding and administering this ESPC task order.","ESPC project implementation for federal, state, and local governments.","For funds to remain available beyond the end of the current fiscal year, the DOD appropriation act for the current year must contain language permitting this action.","The Report shall clearly describe how utility tariffs were used to calculate savings for all ECMs.","Note: A sample finalized investment grade audit content list is included at the end of this appendix.","Cost Savings Guarantee Calculations.","Please refresh the page and try again later.","Monitoring and verifying that the other contractors are performing work in accordance with approved site, safety, and health plans.","TECHNICAL AUDIT AND ESA GUIDE TO ENERGY PERFORMANCE CONTRACTING VII.","Is there an additional cost?","Price analysis is the process of examining and evaluating a proposed price without evaluating its separate cost elements and proposed profit.","These guides show, on average, the values of energy being used for providing the functional needs of the building.","Detail savings calculations for construction period savings.","ESCOs based on their ability to meet terms and conditions established in IDIQ contracts.","The Newsfeeds are very relevant and topical.","CITY or INSPECTION OFFICER to perform their obligations under the Contract or failure to cooperate with CONTRACTOR in the timely completion of the Work, then delays, and an equitable adjustment to Time and Price shall be made as a result.","Certificate of Final Completion and Acceptance.","As applicable, equipment performance is measured and operational factors are tracked through the BMS data.","The Guaranteed Savings is dependent upon and is subject to the express condition that the CITY maintains, during the entire term of the Performance Period, themeasurement and verification services provided by the CONTRACTOR.","Some functional testing may be postponed until seasonal conditions are appropriate to evaluate the system.","One of the advantages of unsecured loan programs is that they are relatively simple for local lending partners to understand and participate in.","Prepared for the Energy Foundation.","There are no third party beneficiaries under this Contract or any portion thereof.","The ESCO does not need to publicly advertise or accept bids from any subcontractor that chooses to respond.","Just having a table that lists by each year of the contract the guaranteed energy and operational savings does not reveal how the savings are accomplished and what the contributions are for the total program implemented.","During the early stages of the project, it may be appropriate to simply provide team members with general information about energy performance project status.","The fee is built into the performance contract and supported through guaranteed savings.","Metrus entered into an ESPC with Siemensan ESCOto design and install the projects and maintain the ECMs.","It should precisely identify and describe the changes made to the CFR.","These interviews should be carried out by various members of the crossfunctional team formed to manage the performance contract process.","Was a progress report issued by the ESCO?","ESPC projects through task orders under the DOE IDIQ ESPC contact.","When these programs are utilized at an installation, the contractor shall provide the required coordination between the Government and the other parties.","Customer acknowledges their responsibility to ensuring that these criteria are maintained and associated energy savings are realized.","Military Construction Program budget is for the Energy Conservation Investment Program fund.","PLAN AND SAVINGS CALCULATION METHODSDevelop section for each ECM.","Address energy, water and operational opportunities.","Add your own Mailchimp form style overrides in your site stylesheet or in this style block.","Owner and the ESCO.","The issuance of any Notice to Proceed for Construction will be dependent on the initial schedule being refined and finalized during the design phase.","Educationcannot be included in the determination of cost savings.","What is a Lease?","Correction of Conflicting Work.","The validity, interpretation, and performance of this Contract shall be governed exclusively in accordance with and by the laws of the state in which the Work is performed.","The City acknowledges that they have read and agree to the AEM scope of work.","Some contributors recommended ontheground facilities managers be included in the process from an early stage, to both provide insights about the day needs of city operations and encourage buyin from the staff who will actually operate and maintain new equipment.","Areas deemed by ESCO not to be audited will not be charged to City.","Understanding historical motivations as well as new rationales for energy efficiency financing may help state and local officials assessand definetheirstrategiobjectivesfor efficiency financing programs.","The shall be primarily responsible for the administration and monitoring of the performance of the Work.","Windows, insulation, weatherization, etc.","Project cost normalized by floor area.","Include energy savings as well as maintenance or material savings.","Payments to the ESCO should correspond to the accounts to which savings accrue.","Similar to Option A, Option B involves equipment items that can be isolated from other electrical feeder circuits and a kwh meter can be applied to the individual piece of equipment.","PACE has faced significant regulatory challenges but has also generated more loan volume than other types of specialized financing products.","It should be noted that one of the primary goals of REM is to facilitate the implementation of projects.","If so, who at the site is familiar with the work?","This gives both the Cityand ESCO information about how and when the existing equipment is being serviced.","The program uses the load profiles and system requirements to calculate the energy consumption.","FCIP provides the process and procedural framework, with staff and contract consultants who function as advisors to assist clients in each step of the performance contracting process to ensure successful projects.","Tight budgets in many cases force agencies to stretch dollars by operating their facilities using substandard procedures or equipment.","And how can we use Energy Savings Performance Contracting for this purpose?","Of course, past pricing must be adjusted as above to account for inflation and differences in pricing in different cities across the country.","Financing Energy Improvements on Utility Bills: Market Updates and Key Program Design Considerations for Policymakers and Administrators.","DOE will not provide reimbursement for costs incurred in responding to this RFI.","Many local governments and school districts have recognized the need to replace aging equipment and make energy efficiency upgrades in buildings but lacked the funds to make these improvements.","Define key system performance factors characterizing the baseline conditions.","II, and III Certificates of Completion and A State of NC Investment Grade Energy Audit Agreement.","Cost analysis may also be used to evaluate information other than cost or pricing data to determine cost reasonableness or cost realism.","ESCO establishing the Energy Baseline Adjustment It is also important that the Facility Owner agree on the definitions and methodology for making any future adjustments to the energy baseline.","What major equipment items were replaced?","SPECIFICATIONSSHOP DRAWINGS AND SAMPLESMATERIALS, SERVICES AND FACILITIESINSPECTION AND TESTINGSUBSTITUTIONSPATENTSSURVEYS, PERMITS, REGULATIONSPROTECTION OF WORK, PROPERTY AND PERSONSSUPERVISION BY CONTRACTORCHANGES IN THE WORKCHANGES IN CONTRACT PRICETIME FOR COMPLETIONCORRECTION OF WORKSUBSURFACE CONDITIONSSUSPENSION OF WORK, TERMINATION AND DELAYPAYMENTS TO CONTRACTORSACCEPTANCE OF FINAL PAYMENT AS RELEASE.","How many of their projects have met the projected savings and if they have engaged in litigation to challenge the performance guarantee?","In simple terms, energy performance utilizes the energy savings and revenue gains to pay for the project cost.","CPARdatabaseto complete herevaluationfor this contract, we noted that shehad previously accessed and submitted information in the databasefor another ESPC project.","The information that agencies would typically track in accounting for their projects is shown in two tables in each example.","Lawrence Berkeley National Laboratory.","The contractor will work with installation personnel to field check, diagnose such problems, and determine energy cost savings that can be realized upon correction.","Arrangement of firm contracting of energy supply.","Risk of Loss The municipal entity shall bear all risk of loss if the equipment is damaged or destroyed.","How many light fixtures are to be replaced and with what type?","As a result, working out how much energy an energy efficiency upgrade is saving requires more than just metering.","PATENTSThe CONTRACTOR shall pay all applicable royalties and license fees.","However, information on past pricing from the site, the agency, or other sources can be used by acquisition teams to develop their own CERs.","Paying on the bill may be more convenient and familiar.","What was the organization structure?","Find out how the reference was involved in the project done by the proposer.","Super ESCOs encourage new ESCOs to enter the market, creating competition that leads to better and more standardised practices.","Verification annual fee is determined.","Reserve time to negotiate cost markups as of the audit.","The founders of the League understood that, working together, local governments could accomplish a great deal more than could be accomplished separately.","Maintenance Policies and Programs.","The scopes of work below are intended to communicate the intent of an ECM.","Problems Areas What were the major difficulties that presented the most problems during the implementation of the performance A summary of their responses or their direct quotations follow.","The City acknowledges that maintenance savings used in the project must be provided for by the maintenance budget for the life of those savings.","Use of this formula yields a factor.","Citywide, unless acceptedby City.","Were the costs for each ECM documented by equipment, materials, labor, and subcontracts?","Wondering what support is available to help you finance your next efficiency project?","ESCO projects, from which we report target markets and typical project characteristics, energy savings and customer economics.","Join thousands of people who receive monthly site updates.","Also, the cost estimate for each measure must include all costs including design, engineering, installation, and commissioning.","Address utilities, energy, water, and operation and maintenance opportunities.","Always take the time to express your appreciation for time and efforts, as well as your concern with their objectives.","Agreement, and shall in all respects be subject to the rules and regulations of the ESCOgoverning staff members and employees.","The CONTRACTOR will be held strictly to the intent of the CONTRACTDOCUMENTS in regard to the quality of materials, workmanship and executionof the WORK.","This repetition of headings to form internal navigation links has no substantive legal effect.","This means that excess savings in other years and interim savings during the construction period will not be allocated to meet shortfalls in any year.","Some of these cost categories might be as shown in the following section.","Specialists in the field?","ISSUER under the provisions of this Agreement.","Try using your email address instead.","JUNCTION PARKING ELECTRICAL REWORPartial rewire of electrical conduits to reduce moisture intrusion in panels and conduit.","Consider breaking out performance details by measure, facility, and department, especially for larger projects.","Impact of financial incentives ESCOs often leverage the value of REEP incentives by passing some or all of the payments through to the customer, effectively reducing the cost of the project.","Million Energy, Facility System Upgrade Project at Twentynine Palms.","How an agreement is definedwhether or not it is a lease and what kind of lease it isdetermines the accounting and tax treatment of the agreement.","Policymakers cannot think of financing products for efficiency in isolation because consumers will not think of these products in isolation.","We also talked with FEMP officials as well as two contractors that perform data analysis and report preparation activities for FEMP.","Rather than focusing on positions, the less flexibility it has to ggressively present their interests, but avoid talk of positions.","During the term of the task order, the agency continues to budget and request appropriations as beforeby the ESPC project are applied to payments to the ESCO.","Cityshall provide all maintenance duties on new equipment after Substantial Completion.","The ESCO must still complete and deliver to the purchasing Citythe work not terminated by the Notice of Termination and may incur obligations as are necessary to do so.","ESCOs used rebates that were offered by utilities for installation of high efficiency equipment to buy down the initial cost of projects.","Existing lamp ballasts will be replaced with new type C LED lamps with external dimming driver.","The objective of measurement and verification is to verify savings with minimum cost and to the satisfaction of all parties.","Deposit of submittal in correct location.","Energy cost savings must exceed payments under an ESPC in each contract year.","When a public agency is the user of the property, the income from the lease is exempt from income taxes.","Incorporated cities, towns and villages are the Voting Members of the League.","No amendment hereof shall be effective until and unless reduced to writing and executed by the Parties.","UP TOURS OR ALTERNATIVE DATES FOR TOURS WILL BE ALLOWED UNLESS OFFERED FAX TO: _____Yes, I plan to attend the site visit.","Table Some onbill programs allow the repayment obligation to transfer from the customer who originated it to a subsequent building occupant who is a utility customer, by deeming the repayment part of the utility service.","In particular, those government units that had elected officials, there was a tendency for transitions in some positions such as County Manager when new Commissioners began new terms.","PACE assessments that has been trialed in California.","FCIP uses the funds to pay for staff and some technical assistance contractors.","Since many firms would prefer not to focus on operations and maintenance, a capital lease may be a more practical option than buying the asset outright.","Accuracy of ESCO savings predictions and guarantees.","ESPC with the confidence and expertise of a structured and well administered program.","The shall bear all costs of replacing or correcting such faulty, defective or nonconforming Work.","Design Optionsand Considerations When creating policy or developing onbill programs, decision makers should consider the design options available and the tradeoffs of each.","Zigbee wireless pro network.","These documents developed by the NC SEO provide much vital information on the experience and qualifications of the proposing companies.","Appendices: Provide thorough appendices which document the data relied upon to prepare the analysis and how that data was collected.","Electrical, HVAC, Plumbing, Structural State Board of Education Dept.","Renewable and alternative energy projects and renewable energy power service agreements.","Who Is Qualified to Perform an ESPC?","EPC projects require a cooperative effort between the agency and ESCO to achieve energy and cost saving goals, effective equipment maintenance and building comfort.","Each energy saving project will have unique requirements for scope qualifications of the individuals and firms involved.","Program Design Considerations Utility Billing System pgrade osts Adopting an onbill financing program can require significant upgrades to utility billing systems.","At the end of this period the City willbe responsible for all streetlight repairs and controls system subscription fees.","The audit is based upon detailed analysis of the existing systems, including instantaneous measurements of system performance parameters and, wherever possible, detailed data logging of system performance.","Equipment Ownership and Service Responsibility.","Use appendix and electronic format as necessary.","The legislated authority for federal agency use of ESPCs determined these key characteristics and benefits of federal ESPCs.","How is Energy Performance Contracting Different?","The CONTRACTOR shall carry out the WORK in accordance with the additional detail drawings and instructions.","However, if construction estimates are significantly greater than originally assumed, the contractor or the Owner may find that the project or measure is no longer viable and drop it before contract execution.","The method by which energy savings and energy cost savings will be calculated during the term of the energy services agreement.","In the Appendix A, a sample RFP document is provided to serve as a guideline to a representative formal inquiry for proposals.","Can you give us some idea about how the Investment Grade Audit was accomplished and the results?","The performance contract signed by Lowell, Mass.","The focus should be on achieving the best and most complete upgrades with the savings achieved.","Did you contact others who had experience with performance contracting?","Date, Time, Place with any questions directed Proposal General Information Proposals are specific to the terms and conditions attached hereto.","Provide copies of the utility tariffs and commodity price histories used in savings calculations.","CITYrequired above cannot be made.","Green Leases are not a financial vehicle but, rather, a contract between a building owner and a tenant which attempts to address the split incentives that impede the uptake of energy efficiency in tenantoccupied buildings.","However, the title stays with the lessor.","In addition, the ISSUER or its authorized representative shall have access to the facilities and shall be provided adequate and appropriate work space, in order to conduct audits in compliance with this article.","Pay close attention to what your counterparts are saying and how they are saying it.","These energy units will be converted into dollars using the appropriate utility rates for each performance period.","The CONTRACTOR will employ and maintain on the WORK a qualified supervisor or superintendent.","FINAL COMPLETION The date which all WORK to be performed pursuant to the CONTRACT DOCUMENTS has been completed, approved and accepted by the CITYand all documents to be furnished by CONTRACTOR have been provided to and accepted by the CITY.","Dividing the total annual energy cost by the gross conditioned building area provides the preliminary benchmark.","Reserve Fund to Ease Federal Concerns, Help Program Flourish.","These are an important mechanism to funding energy improvements.","Provide postacceptance performance period adjustment factors, if applicable.","Existing housekeeping pads shall remain.","Attachment D: Basis and Maximum Amount.","Any wrranty start dae and warrany period.","School administrators may also be approached by ESpotential.","Enron events, shut down overnight.","Indicated the associated dollar value.","Discuss replacement responsibility when equipment life is shorter than the term of the contract.","The CONTRACTOR will proceed with the WORK at such rate of progress to ensurefull completion within the CONTRACT TIME.","ESPCs without a true price competition, so competition at the contractor selection stage cannot be used to guarantee price reasonableness.","Verification methods may include inspections, surveys, and shortterm metering.","Please stand by, while we are checking your browser.","Efficiency Improvements Workshop, Arlington, VA.","Verified Savings Calculations and Methodology Provide detailed description of analysis methodology used.","The contractor shall help plan and carry out continual energy awareness activities and implement an energy suggestion program.","Construction does not include the routine operation, routine repair or routine maintenance of existing structures, buildings or real property.","WORK, CHANGE ORDERS shall be issued for adjusting the CONTRACT PRICE or extending the CONTRACT TIME or both to compensate for the costs and delays attributable to the stoppage of the WORK.","Facilities with energy management expertise may opt to be more prescriptive in their scope of work, but also should allow for innovative approaches by the ESCO.","LO projects typically measure baseline energy consumption for the targeted equipment only, and LNL projects tend to measure total facility consumption using utility bill analysis.","ESCO agree to other arrangements.","Construction Costs Site visits, Owner meetings, Legal review, Accounting services, etc.","Some application processes to qualify for financing can be sufficiently burdensome that they present a barrier to the use of financing for some consumers.","Training Material: The contractor shall prepare training presentations, briefings, reports, articles, correspondence and other work products as appropriate to successfully implement the REM activities as identified in the various tasks.","Once proposals are received, the next step is to review and select the ESCO, negotiate the IGA, contract the ESCO for the IGA, and for the ESCO to then conduct the IGA.","DOE national laboratory experts, and other consultants with extensive background in ESPCs.","For example, the Sonoma program, which uses public capital, does not have an SIR requirement, which may in some cases expand the numberor scope of eligible projects.","ESCO, but from unrelated changes in usage.","However, nothing in this Contract should be construed as an obligation on any of the Parties to execute such a contract.","As the form of government closest to the people, counties offer a unique perspective that makes them critical players in decisions affecting their citizens.","Once the upgrades are complete, the client realizes lower utility bills throughout the contract term which should equal or be greater than the cost of the ESA payments.","Information compiled by the FEMP Office indicates that energy conservation activities at the six agencies are beginning to pay off.","ESCO Response to this RFPDescribe how you engage the Ownerin decisionmaking regarding project scope, equipment specifications, ongoing operational and maintenance strategies, etc.","ASHRAE Level III Audit: Investment Grade Energy Audit.","The ESCO is responsible for all local permits, licensing, taxes and any state statutory requirements in the process of executing the contract.","Reference to the annual reconciliation of achieved vs.","They may not have sufficient capital to pay for energy improvements outright or their cash flow may be constrained, making financing of energy improvements difficult.","After the lifting of the residential ITC cap, other advantages still made TPO more attractive than host ownership.","There are a range of programs delivered by State, Federal and local governments designed to help businesses in all sectors improve their energy efficiency.","Price analysis still needed for final reasonableness determination.","Detail data analysis to be performed.","We involved these people early in the contract basis, the financing arrangements, and the bonding requirements.","In regional programs, local governments retain responsibility for placing PACE assessments on properties, and collecting payments.","Quality of the products proposed.","Optional transferability is available for other financing tools, including onbill financing products.","FEMP ESPC project will be paid for.","Did the contract refer to the Scope of Work?","It should be current.","These are familiar vehicles that these entities utilize to address numerous needs across their business.","VAt the completion of construction, the ESCO shall complete the measurement and verification of installed equipment to verify postretrofit energy efficiency and operation.","If the lessee purchases the equipment at the end of the lease term, it must pay at least fair market value.","These facilitators have a broad range of performance contracting experience and can keep the process moving.","Given the guarantee of energy savings equaling or exceeding total costs, such an increase in taxes is expected to be recaptured over the term of the Contract.","Prior to awarding a preliminary Investment Grade Energy Saving Audit, it would be prudent to learn more about ESCO total costs while two or more proposers are in the running.","Investment Grade Audit and Project Proposal Phase: A contract for the Investment Grade Audit will be developed with the selected ESCO.","We feel that we are getting the maximum energy savings from our EMS because of the time spent tweaking the system to a higher level of performance.","State policies to promote performance contracting In this section, we describe key state and federal policies that facilitate performance contracting and offer an exploratory analysis of its effects on ESCO industry development.","The FEMP ESPC team can provide Super ESPC program averages of overall survey costs to help the project team decide whether the proposed costs are reasonable.","But for now, she faces several tall hurdles.","However, commercial properties whose mortgages have been packaged into commercial mortgage backed securities may have difficulty obtaining this consent, since their mortgages have been repackaged and sold to multiple investors.","PROJECT TEAM: Have the actual team members of the project team been fully identified?","PACENow Applauds the Obama Administration for its Support for PACE Financing.","Bid Item, they shall be removed, stored, and reinstalled, in the same condition as when removed, at the earliest time that construction has been completed in the area said marker or sign is located.","How much at what cost?","Leasing companies are generally banks, independent leasing companies, and captive leasing companies, which are subsidiaries or affiliates of equipment manufacturers.","Clarify sources of nonenergy cost savings and how they will be verified.","Sign up to receive our monthly newsletter and other important news from ACEEE.","The agent may obtain any required financing as part of the original competitive sealed oposal process from the qualified provider or a thirdparty financing institution.","Using an operating lease to finance efficiency may be challenging due to the nature of energy efficiency measures.","Annual payment is subject to annual appropriations.","Adjusted Base Utility Rates.","ESCO to recuperate the cost of investment grade audit services if the city chooses to not follow through with construction.","Helper function to load an external script.","Brick House Publishing, Andover, MA.","Note: Allow time for several meetings during this process, so that there is sufficient discussion for agreement.","HVACsystems and windowsmaking up most of the remaining measure mix.","In theevent of any conflict, or variance, the terms and provisions of this printed Agreement shall supersede, govern and control.","The function of a distributing account is portrayed schematically in the figure below.","Include a description of the energy savings measurement, monitoring and calculation procedures used to verify and compute the savings performance of the installed equipment.","HVAC duct layouts, etc.","EPC allows local governments to leverage money from quick paybacks on those improvementsto finance the larger scale investments.","How Have ESPCs Been Used to Date?","Kuakini Medical Center in Hawaii.","The maximum allowable construction cost, itemized in detail.","Investment Grade Audit and Project Proposal Contract.","ESCO beyond the scope of Maintenance or otherwise excluded hereunder.","State governmental unit for evaluation of the proposal by a licensed architect or professional engineer not employed as a member of the staff of the State governmental unit or the qualified provider.","This is critical to provide ongoing technical assistance and to accumulate funds to build a sustainable program.","God; acts of the public enemy; acts of the State and any municipalentity in its sovereign or contractual capacity; fires; floods; epidemics; quarantine restrictions; strikes or other labor disputes; freight embargoes; or unusually severe weather.","City Staff will be interviewed to verify operation, such that savings persist.","Leases may be attractive for firms that prefer to use financingas opposed to cashto cover costs that are not related to their core business.","Flex Tech would help the entity define the scope of work and determine whether there is an opportunity to costshare the assessment.","How did you handle change orders?","Conditionally, all parties must understand project management responsibilities, the submittal review process, operations and maintenance requirements, and communication expectations throughout the relationship.","Send out a complete RFP to those ESCOs that request it.","Any claimed operational savings should be carefully examined and verified by the Facility Owner before agreements are signed.","The City shall notify MCKINSTRY in writing with regard to any changes or alterations to buildings that will affect energy usage.","Indicate other technologies and services provided by your firm.","MESA ESAs and MESAs offer different payment structuresto customersand, as a result, different risks.","Do not let politics interfere with the decision and ESCO selection process.","For example, lighting ECMs may begin generating savings as soon as the retrofit is completed.","These include weather, changes in occupancy, addition or removal of equipment, and many others.","The Energy Audit Report prepared by the and accepted by the contains specific recommendations and documentation concerning the energy conservation measures, systems and services to be provided at the Premises and is incorporated herein by reference.","Review of US ESCO Industry Market Trends DISCLAIMER.","To help ensure plans and reports are complete and consistent, use the process and tables provided.","The school calendar is attached for specific holidays and special teacher work days.","New Carrollton, MDESPC, the ESCO is required to calculate savings based onutility bills.","We are a thirsty country, both for water and for electricity!","Aggregate data that does not identify projectspecific metric information may be released as set forth in the contract.","FHFA Statement on Certain Energy Retrofit Loan Programs.","Guaranteed Energy Savings Contracts for Governmental Units.","At this point, the agency will have completed invoicing and payments.","Some prospective buyers also reported being overwhelmed by having to oversee home improvements at the same time as managing a home purchase.","The authority citation is given in the shortest form.","The Color of Money Agency personnel generally know which of their accounts are used to pay for energy commodities, and these accounts are allowable sources of payments under ESPC.","This operating cost is then compared to the actual cost obtained from the utility bills.","For example, a homeowner doing a majorrenovationor remodel project in their homemay include some energy efficient elements in the project and pay for the total projectthrough a HELOCThis investment goes largely undetected by the energy efficiency community.","Financing Phasedesign services equipment procurement and purchasing construction management hazardous waste disposal or recycling financing capability or ability to help find financing.","Certifications Is your firm qualifications certified by the NC State Energy Office?","The ESCO provides a savings guarantee directly to the customer; currently, most customers that enter into guaranteed savings contracts with ESCOs arrange financing with a third party financial institution.","This is known as ownerrenter split incentives.","Financing Energy Savings Performance Contracts Energy Savings Performance Contracting is often thought of as a financing mechanism.","Congressional appropriations to pay for the improvements.","ESCOs actually perform the installation of the energy conservation measures.","Defining the Format The following is a suggested Table of Contents of the proposal response.","It must be agreed to at the outset whether proposed measures will be considered as costeffective on a standalone basis or as a bundled total.","Our actions follow our focus.","What contract form or resource was used to define the performance contract?","Clients are generally willing to pay the fee since the FCIP process streamlines procurement and provides project oversight.","ESCOagrees to work diligently to assess the validity of information provided and to confirm or correct the information as needed.","Often this ng Officer, County manager, Technology Advisor, or the Finance Advisor.","Combined heat and power systems.","The basis for a performance contract.","Ogden City Energy Performance Contractof with the CONTRACT DOCUMENTS.","Plan for a fictitious energy performance contract project.","Any energy project begins with a preliminary feasibility analysis.","Association of Energy Engineers and other organizations.","ESCO for energy saving improvements to many of the state buildings in Raleigh.","Do you face these problems at your facility?","Many of these items will be incorporated into the final ESPC agreement.","How do you improve indoor air quality?","Abbreviations and Assumptions Used in the Examples The examples on the following pages are simplified sketches that are intended only to communicate the basics of auditable accounting for FEMP ESPC projects rather than to represent realistic economics of task orders.","Energy Office, or its designee, under this subsection from the governmental units that use its technical support services.","Such was a case where the ESCO had defined contractually the right to place a lien on multiple buildings if payments were not met for the initial cost.","Demand Savings The ESCO selected will have some derivation of one of these protocols as the basis for defining the measurement and verification of energy savings.","Unsecured loans are often used to finance singlemeasure upgrades rather than comprehensive wholehome projects.","If an energy performance contract is not developed after the audit has been accepted, Owner agrees to pay the cost of the audit as stated in the submitted proposal or as negotiated in the subsequent Technical Audit and Project Development Agreement.","Local governments and municipal utilities also offer their own secured financing products.","Not all ESCOs agree with this position.","Michael ensures customer satisfaction by developing savings strategies, interfacing with design teams, and developing an overall performance contract that is molded specifically to each customer to ensure maximum benefit.","All ESCOs will tour the facility at the same time so that all respondents will hear the same questions, comments and answers.","Investment Grade Audit report for an Energy Savings Performance Contracting project that your firm implemented in a public facility, preferably a municipality similar to Buckeye.","Many of these are directly applicable to ESPC, although not all are.","Alarm monitoring and energy conservation recording and reporting The application of these control systems and energy management features may require more capital cost than justifiable.","Such sources typically take the form of funds paid to the agency or ESCO for saved energy or for the installation of energy efficient equipment.","Sources and Examples of Allowable Savings Energy and water cost savings are reductions in costs for energy or water as a commodity.","The President of the United States manages the operations of the Executive branch of Government through Executive orders.","Determine the amount of the fee for various types of clients and project scopes.","PACE program is organized at a statewide level.","UPPLIER Any person or organization who supplies materials or equipment forthe WORK, including that fabricated to a special design, but who does not perform labor at the site.","The ESCO conducts a comprehensive energy audit for the Federal facility and identifies improvements to save energy.","Payment terms for Maintenance: annually and for how much.","Residential Loan Program and Eligibility.","If, during the construction period, additional measures are identified and implemented that generate additional energy savings, these savings may be included in the Verified Savings after the Performance Commencement Date.","Energy efficient equipment leasing is similar to leasing a car: the lessee needs a car and pays a leasing company, the lessor, for the right to keep and use the car for someperiodof time.","He also knew the replacements being suggested and the allowed us to diminish the risks for implementation of the work.","The energy conservation activities carried out by VA are funded from a portion of the nonrecurring maintenance budget.","The intended purpose of the project contingency is to provide funds for unforeseen elements of the scope of work, which may become known only after implementation of the scope of work has begun.","Since the ESCO also provides general contracting servicesthe client agencyis also selecting the highest qualified general contractor, rather than the lowbid contractor.","The FAST Bookfor current accounts.","Ask if the reference has any advice to offer before we begin this project.","Participating contractors may also receive incentives from manufacturers to incentivize sales of highefficiency equipment.","Appropriatecomparison data on unsecured consumer lending default rates is difficult to identify.","If usage declines after the lighting upgrade, then calculated energy savings will also In practice, calculation of energy baselines based on equipment metering may be more complex.","CONTRACTOR or subcontractor of CONTRACTOR, CONTRACTORhall be liable for any and all costs associated with such termination, including, but notlimited to, any damages incurred by CITY as well as attorney fees.","Savings deemed as met previously will continue to be deemed as met.","ESCO industry in two states, New York and Wisconsin, and coupled ESCO field office data with estimates of revenues required to support them to extrapolate an estimate of ESCO industry activity.","If needed, CONTRACTOR to provide temporary lighting.","In some cases, they have operated purely as revolving loan funds seeded with public or ratepayer capital and administered by a state agency or utility.","The EPC provides the customer with a guaranteed level of energy savings and the ESCO with a reliable source of revenue.","Partners include NC State Energy Office, the NC Division of Pollution Prevention and Environmental Assistance, and the NC Department of Public Instruction.","Many FEMP ESPC projects are treated as infrastructure improvements, leaving the status quo intact.","We will assume that the same types of chillers were installed in each case, and the scope of each project is roughly the same, involving only the replacement of one or more chillers, and associated auxiliary equipment.","Second, ESCO financing in general has not been utilized to support private sector projects.","MAINTENANCE AGREEMENT: What is involved in a maintenance agreement?","EMS refers to a computer system which is designed specifically for the automated control and monitoring of the heating, ventilation and lighting needs of a building or group of buildings such as university campuses, office buildings or factories.","Acme equipment are not warranted by Company and have such warranties as may be extended by the respective manufacturer.","Indoor and outdoor lighting systems, lighting controls, daylighting strategies, etc.","ESPA financing can be based on the overall property savings.","Stakeholder outreach or other research may be valuable to help determine whether such issues are likely to outweigh the potential advantages of the use of familiar and streamlined traditional products in a given jurisdiction.","It is worthwhile to review the ESCO Prequalification Documents on file at the State Energy Office prior to issuing the RFP to ensure that all requirements are being covered in the response.","COOPERATIVE PURCHASING This Contract shall be for the use of the City of Buckeye.","The savings we are achieving and the quality of installations are brilliant.","These references provide detailed discussion and examples applying pricing policies to pricing problems.","Email address is not valid.","Our team was responsible for defining the project costs, positive cash flow over the contract period, scope of work, energy savings, and risks.","The premiums on such BOND shall be paid by the CONTRACTOR.","For comprehensive retrofbe less precise, but in most cases the customer is likely to realize additional savings beyond what is predicted.","Please help us improve our site!","European Energy Service Initiative EESI.","Berkeley, CA: Lawrence Berkeley National Laboratory.","Savings Guarantee and the Verified Savings.","Residential PACE: A Connecticut Program Viability Assessment.","PACE assessments, as special tax assessments placed on a property rather than a loan secured against the property, are senior to all other nontax debt on a property.","The scoring basis of the proposer can be shared; however, expect questioning by the proposer as to how the results were obtained.","High electricity consumption and demand cost are also a factor in the analysis for application.","Termination for Convenience by the Issuer.","Work or other services completed before the termination for a breach or default or before the exercise of any remedies.","Changes in the square footage of the facility.","Have similar ECMs been installed at this site in the past?","The is an independent Contractor and in providing its services under this Agreement, shall not represent otherwise.","Practical Guide to Savings and Payments in Super ESPC Delivery Orders.","Include a summary of the recommended measures and costs using the table format provided below.","It was like I was trying to sell cyanide.","This is a model document only and does not attempt to identify or address all circumstances or conditions you may encounter or desire.","Solicitation of guaranteed energy savings contracts.","For comparisons to be valid, adjustments in the data are usually required.","Agencies provide a heading for each part, subpart, section, and appendix that they are proposing to amend.","It displays the projected cost savings over the life of cost savings, maintenance, monitoring, measurement and verification cost, and training fees along with the financing costs.","Generally a taxexempt lease purchase agreement will be written at a fixed rate of interest for the term of the financing.","RFP language to specific local circumstances and legal requirements in consultation withlegal and procurement staff.","It will document equipment specifications and warranties.","Key Takeaways Unsecured loans are widely used in energy efficiency financing.","What information was requested in proposals?","Verified savings for first year of postacceptance performanceperiod will be documented in annual report.","Preparation of daily reports.","Enabling legislation for institutional markets.","Other projects call for a more rigorous approach to measurement and verification.","They think they already know what the other side is thinking, or fear that honest and direct communication will put them at a disadvantage.","Benchmarks shall be in accordance with generally accepted engineering principles.","If unsound technical data are used for project analysis and planning, there will be problems with the project performance.","Review equipment and controls submittals to determine if performance criteria specified will be met.","Product Manager, Eversource Energy.","Whichever approach is used, the primary consideration is to ensure that all responders are preparing proposals based onthe same facility information and no one proposer has more information about facilities or equipment than another.","Review of such drawings and samples will not relieve CONTRACTOR of responsibility for any error which may exist in the Submittals.","The provider and the customer agree to a monthly MESA bill amount based on historical consumption, specific inputs such as occupancyrateand weather, and the forecast energy savings.","The will promptly investigate and, if it is determined that the conditions materially differ from those which should reasonably have been expected to discover or anticipate, the may approve such changes in the Project Documents as are necessary.","Financing Distributed Generation and Combined Heat and Power Plant Projects.","Enron Energy Services, or EES, an ESCO formed by Enron.","Nearly all buildingservices equipment, including lighting, HVAC systems, androofing are in this category.","Water Savings from Boiler and Steam System Retrofits Retrofits of a boiler and associated steam distribution system improve their efficiency.","Clarify which party will perform equipment operations, the implicationsof equipment control, how changes in operating procedures will be handled, and how proper operations will be assured.","Review of US ESCO Industry Market Trends In this section, we summarize the approaches used in the two empirical aspects of this study.","Know what your options are, should the negotiations fail.","SCO staff are experts in ESPCs.","Required Acceptance Submittals by the Company.","Payments can be made in the same way an agency normally pays its bills.","If the ESCO performs any Work which is contrary to any permit or license granted, or any applicable laws, ordinances, codes, rules or regulations, the shall make changes as required to comply therewith and shall bear all costs arising therefrom.","Bad enough that FASB notices, maybe you should too?","Your energy bills may be higher than they need to be due to obsolete or aging equipment or poor control.","The second part is primarily to reconfirm that the offering is as stated and that allow substitutions of people, price, and procedures.","How is the project engineer selected?","Was there a maintenance contract or agreement issued for the period of the performance contract?","One city representative noted that some ESCOs are equipmentbrand agnostic whereas others have partnerships with technology companies or manufacture components used within the ESPC.","This is an RFI issued solely for information and program planning purposes; this RFI does not constitute a formal solicitation for proposals or abstracts.","Click this link to visit our Facebook profile in a new tab.","As part of this process, FASB and IASB have launched a joint project to standardize the way that leases are accounted for.","Energy conservation measures that cannot be analyzed with the vendor program must be evaluated by an alternative method.","Define any requirements for certification that the tests followed the specified procedures and met or exceeded the expected results.","Demonstration of the simulated routines to adequately model actual energy performance as measured in the facility.","LEED: LEEDEB strategies to improve operations and maintenance practices Water and Sewage Systems.","RCW provides one definition for costeffectiveness.","So every effort should be made to have a competitive proposal basis for several prequalified firms.","Table provides a highlevel summary of barriers that are addressed by specific financing products that are discussed in this study.","The findings of this scan are summarized in the table below.","In many cases, tax credits are more valuable to a lessor, who may have more tax liability than the lessee.","The ESP will also identify how these firms will be selected.","Reporting of Material Changes; Notice by Customer.","Typically, the loan allowborrowerto add debt to their mortgageeither at the time of purchase of the house or when the property is refinanced.","Failure of Issuer to perform its obligations under Issuer Responsibilities of this Schedule.","ESCOs to achieve its energy savings needs.","Drain down the existing waterfilled portion of the hydronic system.","Councils to acknowledge application of the project to the LGC.","The ESCO typically performs the capital improvements to the buildings.","These meters allow for the collection of loss revenues because of wear and lack of accuracy of older meters and the newer technology meters allow for remote reading, thus saving labor as well.","Performance contracts are not intended to be a panacea, but certain actions at each project step can help ensure a successful project.","The report should indicate what remedies the ESCO will provide if the guaranteed savings are not being met.","If the CITY breaches, cancels or otherwise causes the termination of the measurement and verification services, this Performance Guarantee shall terminate immediately and be void and of no force or effect from that day forward.","Delinquencies may or may not become defaults, so comparing delinquency rates to default rates is not an applesapples comparison.","Theassociatedfacilitieswhereutilityinformation shall be provided include all meters providing direct or indirect service to all buildings includedthisproject.","New Jersey Board of Public Utilities.","Guaranteeing the energy savings to pay for the cost of the improvements provided a means to overcome the lack of funding.","ESPC project may be applied as payments to the contractor.","Did the ESCO correct baseline for weather, utility rate changes, occupancy changes, shutdowns, and schedule changes in use?","State agencies can also assist with sale of an onbill loan portfolio.","THE FOREGOING WARRANTIES ARE IN LIEU OF ALL OTHER WARRANTIES, EXPRESS, IMPLIED, OR INCLUDING THE IMPLIED WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE AND MERCHANTABILITY.","We recognize that the actual performance data of some projects may be confidential information, protected by the customer and subject to confidentiality agreements in project contracts.","ISSUER shall constitute an acceptance of any work not in accordance with the provisions of this agreement, schedules and Project Documents.","ESCO Response to this RFPThis format is required and must be completed in its entirety.","New Business Models for Energy Efficiency.","All numbers from Deasonet al are for electric efficiency only; renewable and gas measures are not included.","Signature in Federal Register documents.","This feature is not available for this document.","Featured prominently on the FEMP and DOE websites are examples of the successes of Super ESPC projects.","Tis process my continue through those firms on the finl list untl a contract is successfully negotiated.","Consult with other technical assistance providers such as the State Energy Office and Waste Reduction Partners.","These indices are derived from daily temperature observations, and the cooling requirements for a given structure at a specific location are considered to be directly proportional to the number of cooling degree days at that location.","RFP responses must be prepared as described in Attachment C: ESCO Response.","Typically state and local actors attempt to make loans more attractive by either reducing the risk on an overall prtfolio of unsecured loans or by paying some of the financing costs associated with taking out an unsecured loan.","Did the proposal track RFP instructions for content and inclusions?","Contract or any portion thereof, or of his right, title or interest therein, orhis obligations thereunder, without written consent of the other party, unless theassignment is to an affiliate of the Party.","To gauge the savings potential, it is necessary to evaluate how far above or below certain energy benchmarks the facility is operated.","Honesty is the best policy in any negotiation and any form of communication.","Recent performance contracts executed by the State of North Carolina provide some insight to what might adequately describe the supporting schedules of the agreement.","Who reviewed these costs?","Percent electricity savings tricity savings as a percentage of baseline consumption and group projects by baseline metric.","Is an Energy Services Performance Contract right for you?","Ahelpful checklist of requirements for the project management team.","Each of the six agencies we reviewed reports energy consumption data and energy conservation funding levels and activities to the FEMP Office.","Make sure that they have financial stability, be conscious of the guarantees that they give you, especially when looking at the financials.","It is important to note that if your IGA determines that you do not have a viable opportunityto reduce energyexpenses, the costs for the IGA will not be recovered.","FINAL COMPLETION INSPECTION will be conducted to ensure that alldeficiencies noted at the substantial completion inspection have been correctedaccording to terms of the substantial completion certificate.","WORK and of the CONTRACT DOCUMENTS.","The following the preparation of this document.","Include variables such as weather, operating hours, set point changes, etc.","Payment request shall be submitted on paymentrequest form approved by the CITY.","Cost analysis There are several ESPC vehicles available to agencies, and the implementation process is slightly different for each one, but all follow the same basic outline.","DOE said that it was unclear in the draft whether the existing funding sources included both federal and nonfederal funds.","EFFECTIVE ASSURANCE OF FAIR AND REASONABLE PRICING.","In order to request proposals for performing the work, after benchmarks prove the potential need, it is necessary to h the quality of the cost estimates being provided by the proposer.","In the past few years, a growing number of ESA projects have been implemented.","The cost to complete an ASHRAE Level II Energy Survey and a Level III Investment Grade Audit varies depending on the building type.","Type of retrofits and operational improvements related to energy, water and other cost savings.","If design work is completed inhouse, this includes burdened labor associated with design of measures included in the ESPC.","CURRENT AND KNOWN CAPITAL PROJECTS AT FACILITYIf there are any current or planned capital projects to be implemented in the facility, that information should be contained in this schedule.","EEM products may apply to a first time mortgage, a refinancing, or both.","ESCO must consider the requirement prior to submittal of the final proposal.","Period of time for Maintenance during or after warranty period.","Financing by State governmental units.","This schedule is important to the accurate establishment of baseline, savings measurement and may need to be referred to in the later years of the contract.","Detail cost savings calculations.","Appendix and Schedulesthis continues SCHEDULE EE.","WORK shall not be purchased by the CONTRACTOR or the SUBCONTRACTOR subject to a chattel mortgage or under a conditional sale contract or other agreement by which an interest is retained by the seller.","CITY, unless otherwise specified in the CONTRACT DOCUMENTS, the CONTRACTOR shall develop and make all detail surveys needed for construction such as slope stakes, batter boards, stakes for pile locations and other working points, lines, elevations and cut sheets.","You are submitting an official comment to Regulations.","Such mechanisms can be complex, which can make these arrangements more expensive and can introduce transaction costs.","Commercial PACE programs typically require either lender notification or lender consent to PACE assessments.","New York, NY: Deutsche Bank Group.","The shall allow the access to all parts of the Work, and shall furnish such information and assistance as is required to make a complete and detailed inspection or inspections.","Measurement and Verifications approach, Commissioning Approach, Operations and Maintenance Plan development, Savings Shortfalls in previous contracts and their resolution.","Johnson and Katie Kirbus for technical support on report preparation.","In the case of private lenders, more flexible underwriting may correlate with higher rates for individuals or portfoliowide in order to cover higher risks, though credit enhancements may also help cover these risks.","This financing mechanism relies on a voluntary benefit assessment which is levied on the property, collected by the local tax collector and remitted to the PACE program administrator.","Most benchmarks or CERs are based on much more data than this and require corrections for project scope, general price inflation, and geographical location, as well as statistical analysis to determine the relationship itself.","Director of a defense agencyan individual designated to act for the Secretary of a military departmentor the Director of a defense agency for the purposes of executing the duties, functions, and responsibilities set forth in this chapter.","The successful Vendor must communicate in the response a clear understanding of the requirements, a soundness of approach to satisfying them, and documentation of ample qualifications.","Price Reasonableness Working Group.","Assessing onsumer reditworthiness Program administrators and policy makers have adopted a range of approaches on how onbill loans should be underwritten.","The sample resolutions provided do not include ESA and Financing agreement The Local Government Commission is composed of nine members: the State Treasurer, the Secretary of State, the State Auditor, the Secretary of Revenue, and five others by appointment.","CITY and others relating to or arising out of this work, to CONTRACTOR or Subcontractor other than claims previously made in writing and identified by Contractor or Subcontractor as unsettled at the time of final request for payment.","They may have shorter terms than secured loans, though, which could meanhigher monthly payments and, for efficiency projects, may only be offered for larger projects.","Utility Saving Initiative of North Carolina and the promotion of Energy Performance Contracting as a potential means for project funding.","Any review, approval, acceptance or payment for any and all of the performance by the ISSUER shall not relieve the of its responsibility for the Work.","In some cases useful pricing information can be obtained through market research.","It also uses an alternative underwriting approach that opens up access to financing for more consumersanditcan transfer to a new occupant if a borrower moves before the loan is paid off.","Unsecured loans have been used by a range of program administrators including state and local governments, utilitysponsored programs, and rivatesectorentities.","FASB and IASB In order to finance energy efficiency, a variety of structures have been developed that attempt to shift debt related to energy efficiency off of the balance sheet of the host organization.","Thirty days later the ESCO can submit its first monthly invoice.","Raleigh, NC Johnson Controls, Inc.","If you are using public inspection listings for legal research, you should verify the contents of the documents against a final, official edition of the Federal Register.","What were the projected savings beyond the cost of the contract?","BASIS, WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.","When this folder is created the current document will be added to that folder.","If tenants pay their own utility bills, and thus would reap the benefits of an efficiency investment, then building owners have little incentive to invest in efficiency measures.","What Kinds of Equipment and Energy savings performance contracts are used to purchase a wide variety of building equipment and services.","We still have one ESCO representative on site for maintaining some of the systems.","Baseline metric refers to whether baseline consumption data is based on the utility bill for the facilitye or equipment targeted for retrofit and is closely correlated to retrofit strategy in our sample.","Contract Facilitator who will help manage many of the steps of the energy saving performance contract.","Determination of the time whentitle to the ESCO equipment will pass to the client agency.","Faucets with automatic or metered shutoff valves, leak detection equipment, water meters, water recycling equipment, and wastewater recovery systems.","The baseline data will be used to calculate the energy savings and to determine the methodology for measuring and verifying the savings.","Designing a Mortgage Process for Energy Efficiency.","ESAs have a relatively brieftrack record and have not reached significant scale or volume to date.","Brief Project and ECM Descriptions Provide an overview including what was done and how savings are generated.","This work scope will result in improved occupant comfort, maximum energy and operational savings and will be accomplished in a costeffective manner.","The ESCO shall consult with building staff and account for any unusual or anomalous utility bills which may skew Base Year consumption from a reasonable representation.","All rotating equipment shall be rotated four turns once each week during construction.","As Commonwealth agencies struggle with resources, the addition of consultants helps to move more projects through the process ensuring a quicker turnaround of project opportunities.","These technical experts may use their own pricing benchmarks and rules of thumb to determine what is a fair price for a project of the requested size.","Contractor scope of work.","Ensure performance contracting is an option for state government.","After a customer is qualified and verbally commits to move forward, Sealed works with local contractor partners who conduct a home assessment, finalize a contract, and install the improvement packages.","Automatic energy control systems.","Set water flow through each pump to design flow requirements.","NACLC during in processing of all contractor personnel.","INSPECTING OFFICER may require, that portion of the WORK in question, furnishing all necessary labor, materials, tools, and equipment.","Additionally, understand escalators and utility rate structures used to formulate conclusions of the audit.","Federal agency to ensure the impartial and comprehensive evaluation of proposals.","The variable b is included to account for changes in cost per unit over different size ranges.","EPC project can bring, are generally more accepting of this change and therefore continuing to look at potential EPC projects, whether on or off balance sheet.","The incentives available from the various levels of government and the utilities will be reviewed to ensure the building maximizes these financial benefits.","ESCO may discontinue Maintenance whenever payment is overdue.","MAINTENANCE RESPONSIBILITIESDescribe the operations and maintenance responsibilities that may be assigned to facility staff as agreed to by both parties.","ESCO industry development and the factors that have influenced it are of importance to policymakers interested in promoting similar models elsewhere.","The contractor shall coordinate this effort with any ongoing ESPC or DSM activity to prevent the duplication of effort.","Energy Service Company Industry.","The contractor shall develop and sustain a comprehensive Energy Awareness program, which encompasses training, publicity, and incentives.","For example, ositive cash flow may be especially important in incomeconstrained market sectors, though it may be a potentially attractive featurein other sectors as well.","Fee Payment Schedule The fee is determined at the end of the preliminary audit, added to the project scope, financed along with the retrofit measures and paid to GA by the client at the end of construction.","Although each agency has a system to track energy conservation expenditures, the amounts reported generally understate the total amount spent on energy conservation.","Lawrence Berkeley National Laboratory, EECBG and SEP Technical Assistance Program.","The City has poles under all of these different rate classes as listed below.","Maximum payments may be limited to justifiable reimbursement payments within that year.","Ask for comments on the quality of the energy audit.","The Energy Efficiency Council has drawn together a range of key documents, information, resources and links to help those embarking on a project for the first time.","Reporting an EPC on balance sheet indicates an increase in debt or liabilities held by that company, and is therefore an unattractive prospect for an organization considering investment in energy efficiency improvements.","PDF versions of this document.","CONTRACTOR and subcontractors must maintain authorized documentation of theverification.","This means that the ESCO furnishes all the subcontractor and equipment invoices asbackup to the request for payment.","Construction Costs Trade Subcontractors Construction contractors subcontracted to ESCO; Lighting, construction, sheet metal, etc.","These are made from vitreous china and are low consumption.","The contractor shall prepare project implementation packages including energy audits and any required energy analysis using spreadsheets and energy accounting software to document energy savings and perform an economic analysis for proposed energy efficiency measures.","Were load factor and power factor looked at prior to and post retrofit?","To a lesser extent, funding may also be available to federal agencies through utility rebate programs and contracts with an energy services company.","Proposal submitted on or before the RFP clsing date.","Even if it can be proven as off balance sheet, it is a really difficult sell.","ENERGY STAR: For each building included in the project, ESCO will provide a Portfolio Manager rating.","COPs, bank financing etc.","Contract shall be effective unless it is in writing and signed by the party waiving the breach, failure, right, or remedy.","PROJECT The undertaking to be performed as provided in the CONTRACTDOCUMENTS.","Despite the importance of communication to successful negotiating, most people enter negotiating sessions and prepared statements.","Statement of Qualifications on a standard form and two client questionnaires with original signatures from project clients.","The ESCO provides a guaranteed maximum constructioncost.","Relevance and benefits of proposed retrofits for these facilities.","Refer to the state examples below.","There are a number of financing options to consider; choosing the right one will depend on a variety of factors.","The warranties shall specify that only new, and not reconditioned, parts may be used and installed when repair is necessitated by malfunction.","All actual warranty replacement costs shall be included with the three lineitems above and shall not be included in this line item.","All legal, contractual, and regulatory references within this document are intended only for informational purposes and are not to be taken as reliable sources of legal reference.","How are project support fees included into the overall project cost?","FEMPrecommends that agencies perform annual performance reviewsof the ESCO throughout the life of the contract and enter this information into CPARS.","List of Subjects in Federal Register documents.","Notwithstanding the foregoing, the will utilize due diligence in order to determine whether the Work will require the removal of PCB ballasts and whether asbestos is likely to be encountered in the performance of the Work.","The criteria and ranking system are flexible to the proposal information that is sought.","ESCO is obligated to execute an ESA under which the ESCO shall design, install and implement energy conservation measures which the Parties have agreed to and provide certain training, maintenance and monitoring services as agreed to by both Parties.","What Are the Phases of ESPC Projects?","Annual Energy Savings Guaranty.","The approval of any SHOP DRAWING which substantiallydeviates from the requirement of the CONTRACT DOCUMENTS shall beevidenced by a CHANGE ORDER.","Identify three references projects and contacts for Performance Contract projects in North Carolina.","Fierce competition for capital budget dollars leaves energy savings projects well down the list of priorities.","CONTRACTOR warrants that title to all work covered by a requestfor payment will pass to CITY no later than the time for payment.","Identify and propose potential ECMs for installation or implementation at the building including cut sheets on proposed equipment.","Definitions of Allowable Savings and Sources of Payments This section defines the types of savings that can be accounted for and used to support payments to the contractor.","To date, no claims have been received against the loss reserve.","Secretary of Energy shall complete a review of the Energy Savings Performance Contract program to identify statutory, regulatory, and administrative obstacles that prevent Federal agencies from fully utilizing the program.","It would include dedicated chillers and cooling units that serve the building and any well pump that provides potable water if so arranged.","ESCO shall administer the monitoring services from an office within North Carolina and shall have a Professional Engineer, registered in NC, on their local staff.","ESPC Program directs the client agency to set the costeffectiveness criteria that will be used for their projects.","After the examination, the shall restore said portion of the Work to the standard required by this Agreement and the Project Documents.","Market research Comparison of proposed prices with prices obtained through market research for the same or similar items.","If the client agency chooses to interview firms as part of the selection process, the energy engineer may sit in on ESCO interviews but does not participate in the final decisionmaking process.","There have been many successes and sometimes difficulties in achieving expected contract results.","Blank cells do not necessarily imply that the barrier does not exist in that sector, but rather that it may not be important enough to drive the design of an efficiency financing program.","In other words, if the owner does not achieve the estimated operational and energy savings, then the ESCO pays the owner for the deficiencies in performance.","We have a policy but it is often ignored.","Oak, MDESPC, as required by FEMP guidance.","If the guaranteed cost savings accordance with the terms of their EPC.","How do you measure indoor air quality?","SIR as a consumer and investor protection device may be helpful.","After Congress first approved the ESPC process, agency use of ESPC started slowly.","If applicable, the DESEnergy Program will also be paid a predetermined termination fee.","This yielded a projection reasonably close to the energy cost savings projected by the ESCO using engineering industry standards.","Sorry the Share function is not working properly at this moment.","Provide an overview of Savings Calculation Methods for ECM.","Projects can range in scope and size from simple light fixture replacements to newly constructed cogeneration plants.","Staff time must be allocated by the water system to see process through across time.","This equipment includes, but is not limited to, heating, coolpment, computers and other electronics, water heaters, kitchen equipment, laundry equipment, mobile trailer units, and portable hospital equipment.","Operating hours: The City generally has control over operating hours.","This phenomenon is not explained by the decreasing share of private sector institutional and private sectors exhibit the same trend when evaluated alone.","Vis the primary processfor the agency to determine if the cost savings guaranteed in the contract are delivered.","Municipal Building waterfilled hydronic system flush out will happen in mild weather conditions during unoccupied periods.","What does the building pay if the energy savings are below projections?","Legislative Budget Board until the state agency determines that the analysis is no longer required to accurately measure cost savings.","In the credit package, the insurance provider assumes the credit risk of a project, thereby ensuring that repayments owing to the ESCO can continue to be made, in the case of customer credit default.","The INSPECTING OFFICER, also may at any time, by issuing a FIELD ORDER, make changes in the details of the WORK.","The ESCO is often the professional engineer and always the general contractor.","Thus, the range each market segment is far greater than the difference market segment medians.","Energy Audit results and gave us an opinion of the scope of work and technologies proposed for achieving the energy savings.","Managed by Department of General Administration.","This added security allows lenders to charge lower interest rates and offer longer loan terms.","ECMs designed, procured, fabricated and installed pursuant to this Agreement are new, in good and proper working condition and are of merchantable quality and fit for the particular purposes of enabling the to reduce energy consumption and operating cost.","Baltimore Gas and Electric was able to take advantage of an IT system upgrade that was scheduled for other reasons.","Commission reports biennially to the Joint Commission on Governmental Operations.","The site visit is mandatory for all ESCOs who will submit a proposal.","This cost includes all burdened construction manager costs associated with these efforts, if applicable.","Prior to adopting any rules pursuant to this section, the Department shall consult with and obtain approval of those rules from the State Treasurer.","The proposed chiller is shorter and has smaller footprint than the existing one.","It is important to ensure city facilities staff are well prepared to operate and maintain the new equipment properly.","When a provision is applicable only to themilitary departments, reference is made to the Secretary concerned, or designee.","After receiving the notice to proceed, the contractor furnishes, installs, and commissions the energy saving improvements.","Future with Energy Efficiency and Renewable Energy Technologies.","The City acknowledges that gas and electric utility escalation rates and maintenance escalation rates must be budgeted for the life of the project.","Describe particular characteristics of how your firm approaches performance contracting.","Staff Report encourages state agencies to use Energy Savings Performance Contracting to reduce energy consumption.","Clarify what degree of user participation is needed and utilize monitoring and training to mitigate risk.","These figures are only given as guidelines.","Special Provisions Insertas required or as available.","Because of reporting biases, our large sample of projects may not be representative of ESCO industry activity overall.","SHOP DRAWINGS AND SAMPLESThe CONTRACTOR shall provide SHOP DRAWINGSas may be necessaryfor the prosecution of the WORK as required by the CONTRACT DOCUMENTS.","Average annual energy savings normalized by floor area.","Implement additional energy conservation initiatives approved by the Component Head, or designee and other projects as specified.","The use of this data is governed by the provisions of this contract.","Evaluate performance by verifying postretrofit conditions.","Did the reference or someone representing the client review and approve design submittals?","ESCO and the DESenergy engineer begin orkingtogetherand continue to work together throughout the remainder of the project.","Amendments to the contract were not difficult.","The GMax includeshe IGA cost, professional design fees, construction management fees, contingency on the construction cost, construction material and labor costs, including payment and performance bonds.","ESCO based on the savings obtained.","These agencies must present projects that exceed these amounts as separate line items in their budget requests.","Rebid if only one bidder responds.","Enron collapsed under the weight of promises founded largely on creative accounting.","The Proposal will be supported by the Energy Study.","Ensuring that prices for these services are fair and reasonable is also important.","The ability to get specific prwhen there is more than one competitor proposal still in the running.","General reputation and performance capabilities of the qualified providers.","The FHA insures mortgages for lender, while Fannie Mae and Freddie Mac buy mortgages from lenders, impacting a large partof themortgagemarket.","Proposals received by Owner after this time will not be considered.","The rebates and grants shall become the property of the Government.","Direct lending of public or ratepayer capital typically allows for the most flexible and attractive rates, terms, and underwriting criteria to be offered.","The Training Approach is customized to meet the specific needs of the Customer in a cost effective manner.","CITYCONTRACTOR shall track and submit items for use of Contingency to the CITY.","Provide hydronic system flush, fill and chemical treatment for the newly installed piping.","Some also credit the government with sowing the seeds for a lasting market.","These individuals would generally be professional cost estimators who would examine, at a minimum, the types and quantities of materials proposed and the need for the types and quantities of labor hours and the labor mix.","Payment Bondsl ESCOs are required to bond the performance and payment of all work by a reputable surety approved for such work.","Materials incorporated into Project shall be new, except as otherwise indicated in the Specifications, of specified quality, and furnished in sufficient quantity to facilitate proper and speedy execution of the WORK.","If the considers it to be in its best interests, it may elect not to declare default or to terminate this Agreement in the event of breach or default by the ESCO.","The photographs on section pages are generic illustrations of subject matter; they are not abstracted from the text of Federal Register documents.","Which segment of the market has the largest share?","The technical audit must include estimates of savings for each measure.","Yet the propagation of various types of financing in a growing number of markets may have also left some policymakers and program administrators with questions as to what categoriesof products and programs are best suited fortheir situation.","Development of a proposed scope of work, including the systems to be evaluated, the timeline to completion and the cost to conduct the IGA.","All contract invoices shall have a detailed breakdown of the schedule of values, and backup documentation of the expenditures from the subcontractors.","EEC members with experience of energy performance contracting.","The proposal should include supporting information describing the activities to be carried out and the level of effort expected.","The old units were approaching, at, or exceeding their expected service lives, and the agency had been planning to replace them with similar units as they failed as part of ongoing HVAC maintenance efforts.","WORK, an equitable adjustment shallbe modified by a CHANGE ORDER.","It is the time period required for the cost savings to equal the cost of implementing the project.","ESCO, and proceed with contract negotiations with the selected ESCO.","Deborah also served as auditor, supervisory auditor, and financial liaison advisor with the Defense Contract Audit Agency proving audit, pricing, and financial advisory services.","Contract Development Negotiate The scope and terms of the performance contract relationship may be determined before or after the final selection of an ESCO partner.","He will notify owners of adjacent utilities when prosecution of the WORK may affect them.","REBATESRebate amounts in the project proforma are estimates and are not guaranteed.","State governmental unit shall reimburse the qualified provider the reasonable cost incurred in conducting the audit, and the results of the audit shall become the property of the State governmental unit.","Office requires that the finance term of any loan does not exceed the useful life of the equipment financed.","Project With Insufficient Savings.","First, consumers typically have extensive experience making utility bill payments; it is already a routine part of their lives so they may see it as a more viable option than other ways of paying for efficiency.","However, only minimal maintenance would generally be budgeted for the construction period, and the majority of any avoided maintenance costs would be reflected in the scheduled payments for the performance period.","Accounting for a FEMP ESPC project requires the standard procedures of tracking income and expenditures, but not directly tracing guaranteed savings to specific accounts.","Split Incentivesbill and PACE are each sometimes discussed as offering potential solutions to the problem of split incentives, though actual examples have not been well documented to date.","Utility Savings Initiative goal by updating facilities and making energy saving improvements for daily operations.","WRITTEN NOTICE to the CITY and the INSPECTING OFFICER, terminate the CONTRACT and recover from the CITY payment for all WORK executed and all expenses sustained.","Finally, the expenditure amounts reported do not include all funds from which energy efficiency improvements are realized.","GUIDE TO ENERGY PERFORMANCE CONTRACTING GUIDE TO ENERGY PERFORMANCE CONTRACTING PROJECT DEFINITION III.","Future Performance Contracting Work Two interviewees are formulating plans for future projects.","Knowledgeable representatives will be available to answer questions about operation and maintenance practices, problems, concerns and future plans.","CONTRACT PRICE The total monies payable to the CONTRACTOR under the AGREEMENT.","Prior to that she was a contracting officer with the Department of Navy responsible for award and administration of numerous energy contracts.","State whether guarantee is fulfilled for year.","This provision shall not be construed to mean that Work which is not rejected is therefore approved.","Final design documents and equipment submittals will be providedto the City for approval prior to placing orders.","Submission of the Report.","ESPC process could remove much of the doubt about price reasonableness determinations.","Implementing an ESPC, however, is fundamentally different from the process used in more conventional contracting mechanisms.","ECM is matched with the level of savings and the implementation complexity of the ECM.","Be Realistic and Open Minded Finally, in preparing to develop an energy savings performance contract, our experts encourage being both realistic and openminded.","TO ENERGY PERFORMANCE CONTRACTING PROJECT DEFINITION Monitoring, repairs, alterations, and adjustments Operational changes and malfunctions Price, payment schedule, term, conditions, performance, exclusions, warranties Some ESCOs contend that performance guarantees require their direct involvement with maintenance over the term of the contract.","State Energy Office procedures and documents, and NC case reviews and interviews about the performance contracting processes and experiences.","The ESCOinstalled the hand dryers, iving building occupants an option between paper towels and hand dryers.","Some of the larger programs that use unsecured financingare focused on driving rates down at very large scales by accessing capital from secondary market investors.","PACE obligation, including any outstanding balance transfers to the new owner.","This is usually true for lighting and motor efficiency upgrades.","Low Flow Water Closet Flush Valves.","These providers will be selected based on the following factors: Local presence.","Bureau of Economic Anfourth, New Jersey, is ranked eighth for economic activity and ninth for population, sizeable and lucrative utility incentive programs inable ESCO investment.","The team will identify project opportunities, vet ESCOs, select funding sources, manage project construction, ensure proper operations and maintenance, and oversee measurement and verification.","With an ESA, the service provider incurs substantial upfront costs and takes both credit and performance risk; these costs are passed on to customers over the life of the contract.","What was the total cost of the project?","If actual savings are lower than the guaranteed cost savings, the agency should adjust the payment schedule to recover overpayments from the previous year in order to pay back the shortfall over the next year.","Vis the process used to determine energy, waterand related cost savings.","Significant changes in the weather.","Correction of existing deficienciesor code violationsnot listed in the scope of work are excluded; repairs to existing equipment or components are not included unless noted in the scopes of work.","The construction documents will not include sections or specifications as neither deliverable is necessary for the scope of work to be performed.","Describe how savings are generated.","Analysis of pricing information provided by offeror Using information from within government is preferable to using information from offeror.","Ogden City Energy Performance Contractof CONDITIONS FOR FINAL PAYMENT.","Today, as responsibility and authority for various services and regulations are divided among levels of government, intergovernmental cooperation remains essential if citizens are to be served effectively and efficiently.","City of Buckeye Procurement Code.","Additional evaluation studies of PACE programs could be quite informative.","Describe your general approach to auditing a facility.","However, state and local actors may want to consider iftheuse of public funds to jumpstart a PACE program is a viable option in their particular situation.","INTERVIEWSESCOs in the competitive range will be invited for an oral interview.","Given these statistics, it may be useful to focus resources on higher priority energy efficiency barriers.","Cityshall be named as an additional insured on each commercial general liability policy.","There are multiple pathways to tapping into private investor monies but the choice of pathway may have significant impacts on program administration costs, risks, and flexibility in program design.","Private capital is generally accessed in one of three ways, although variations are possible.","The successful ESCO will be required to provide a Letter of Credit for the savings guarantee.","This will enable the ESCO and the customer to have an agreedupon format for discussing project financing options and the potential costs of project delays.","Should hazardous materials be encountered during the construction of the project, the City is responsible for the testingand abatement of such materials as well as any delays and associated costs associated stoppage in work.","Schedule ordering process in general.","The ESCO will also partner with local governments to access lowinterest financing, rebates, and incentive programs.","Up Working Capital Existing Programs Programs that already have a budget or staff to provide technical assistance essentially have working capital in place provided the budget can be sustained until fees meet the budget need.","The Proposal scores will be modified based on clarifications to responses provided in the interview.","Talk early with the utility about access to utility accounting information.","The ESCO must immediately determine the reasons for the under achieved energy savings during that period.","Do I feel confident they will be in business long enough to serve my contracting needs?","GUIDE TO ENERGY PERFORMANCE CONTRACTING ESCO PREQUALIFICATIONS IV.","National Energy Conservation Policy Act, as amended, in buildings and facilities.","Such information would include facility square footage, building construction, use, occupancy, hours of operation etc.","Audits also can identify strategies to reduce costs and to strengthen controls intended to safeguard district assets.","Owners facilities, areas for energy conservation applications, with future investment grade energy audit, detail design, equipment and materials acquisition, installation, modification, maintenance of equipment, staff training, and performance measurement and verification.","Brittle Power: Energy Strategy for National Security.","The complexity and circumstances of each acquisition should determine the level of detail of the analysis required.","Plan, and Savings Calculation for ECMSummarize the scope of work, location, and how cost savings are generated.","The guaranteed minimum energy savings does not have to equal the calculated energy savings; it can be slightly less to factor in risk associated with the particular EEM.","These statutes are the first step to evaluate what will be required to execute a Guaranteed Energy Saving Contract in North Carolina for a Local and State Governmental Unit.","If the ESCO has the means to dispose of these units, which can be in the hundreds to thousands in a major lighting upgrade, then it should be specified in the Scope of Work.","EXECUTIVE SUMMARY This document reports the findings and implementation recommendations of the Price Reasonableness Working Group to the Federal ESPC Steering Committee.","Issuer shall pay all costs incurred by ESCO in attempting to collect amounts due.","The savings from then on were pure gravy.","The energy upgrades are paid for by a portion of the cost savings resulting from these improvements over a set term.","Also point out if these are annual costs and if they are required each year of the contract.","FEMP ESPC task order project.","In compiling the information, the State Energy Office shall include information on the energy savings expected to be realized from a contract and shall evaluate whether expected savings have in fact been realized.","Ogden City Energy Performance Contractof SCHEDULE Preliminary FINANCIAL PERFORMANCEthis table is provided as an example of the project proforma and generally represents the magnitude of project cash flows.","List all areas of expertise related to potential energy, utility, and water improvements in facilities.","Annual savings shall exceed annual payments each and everyyear while the performance guarantee is in effect.","Under her watch, two NHS boards have EPCs in operation, signed off as operating leases before rules changed.","The savings should also be translated into dollar savings.","The CONTRACTOR will resume that WORK on the date so fixed.","The foregoing does not apply to Maintenance and the warranties for Maintenance are separately stated on Schedule I of this Agreement.","All market segments have been reached with unsecured loans.","General Terms and Order of Precedence.","Our recommendations included several measures to strengthen and improve controls over the task order award for this and future ESPCs.","The objective of this procedure is to make the proposal evaluation more than just a subjective discussion but based upon criteria that in the past have been effective in promoting successful results.","The ONTRACTOR shall give all notices and comply with all laws, ordinances, rules and regulations bearing on the conduct of the WORK as drawn and specified.","Description of the Work.","Source: Developed by GAO from FEMP data.","What other information sources are available?","Contracts will useful in tracking the performance of the ESCO in providing the required services and documenting any attributable cost savings.","Clarify who is responsible for performing longterm preventive maintenance to maintain operational performance throughout the contract term.","During the Technical Audit, the data will be verified by both parties.","The CONTRACTOR will be allowed an increase in the CONTRACT PRICE or an extension of the CONTRACT TIME, or both, directly attributable to anysuspension.","Oak Ridge National Laboratory, Oak Ridge, TN.","The contractor shall investigate financial options for implementing energy projects available through ESPC, DSM, utility privatization, and other programs.","On the other hand, companies that have a more responsive and reactive mindset are now becoming hesitant in investing.","The heat produced can be delivered as hot water for space heating or landfill methane, to drive a small turbine coupled to an electric generator with exhaust gases used to heat water for distribution to the buildings.","Segment snippet included twice.","PRELIMINARY OPPORTUNITY ANALYSISThe first step of the AEM program is to perform an initial analysis of the building data and sites to identify areas with the most potential for opportunity.","ESCO has adopted the Commissioning Process as its quality oversight of the project.","Instead, leases will broadly be considered on balance sheet.","Prepayment This clause shall detail the terms under which the municipal entity may prepay the contract and notification requirements.","Incomplete contractor assessments make it difficult for other federal agencies to evaluate the suitability of ESCOs for future projects.","An ESPC is a type of performance contract that privately finances the improvements to federal facilities from the financial benefits derived from contract performance.","It is the process by which energyuse data is evaluated to confirm estimated savings are actually being achieved.","ESCOs took advantage of and participated in various types of REEPs.","Annual Savings Exceed Annual Costs.","There is no guarantee that postinstallation sound levels will not be higher than current levels.","The City reserves the right to conductdiscussions with proposers, to accept revisions of proposals, and to egotiaice chans.","CONTRACTOR and the CITY, that the CONTRACT TIME for the completion of the WORK described herein is a reasonable time, taking into consideration the average climatic and economic conditions and other factors prevailing in the locality of the WORK.","Know exactly what is included in the contract and what implications that will have for maintenance.","This summary information is useful for tracking and reporting on annual project performance.","This provision in no way limits the rights and defenses against the either under this Agreement or otherwise in law or in equity.","Contract, the Citymay immediately terminate the Contract in whole or in part without further liability in accordance with the Termination for Cause subsection of the Remedies section of this Contract.","RFP for proposers to comprehend the total proposal requirements and denoted what documentation filing is required for local government entities.","The supervisor shall have full authority to act on behalf of the CONTRACTOR and all communications given to the supervisor shall be as binding as if given to the CONTRACTOR.","One member of the evaluation committee should be selected to make all reference calls to maintain consistency.","Because ESPC reduce utility and other operational costs, the future savings can be used to pay for current infrastructure investments.","With background awareness and interest, school and local government administrators typically begin this process by assembling a work team and project leader to gather and evaluate this preliminary information.","Evidence that two proposals were received.","ESCO participation in utility DSM and public benefit programs.","While the ESPC approach may not be for everyone, it is a growing method of financing and supporting energy management projects for organizations of all kinds, including small water systems.","OWNER ACKNOWLEDGEMENTFORMOur experience shows us that an informed and engaged customer is most likely to fully understand the ESPC process and be satisfied by the outcome.","Indicate the professional certifications held by employees in your participating office.","Guide to Energy Performance Contracting.","To recoup this investment, the lessor recovers or depreciates the cost of the asset over the term of the lease.","If the building type is not eligible for rating in Portfolio Manager, then the normalized source EUI will suffice.","How does TAF determine if a retrofit qualifies for ESPA financing?","When onbill programs begin to scale, utility customer funds or even utility shareholder dollars may not be sufficient to capitalize new loans.","It was called Enron Energy Services, and it promised more than just savings.","The ESCO shall be solely responsible for site safety and for all construction means, methods, techniques, sequences and procedures and for coordinating all portions of the Work under this Agreement.","Were the energy savings guaranteed?","City in accordance with industry and OEM specifications and per subsection C below.","Since projects are structured such that savings are guaranteed to exceed payments each year, this is a natural outcome.","Agreement in writing and considered delivered and the service thereofcompleted, when posted by certified or registered mail to the said party at his lastgiven address, or elivered in person to said party or his authorized representative on the WORK.","As part of this program, the tate is offering technical support to communities that have adopted the CSC Pledge.","Chief Operating Officer, Renew Financial.","Transferability also allows programs to serverenters, who are historically difficult to reach through energy efficiency programs.","School administrators may also be approached by ESCOs to evaluate and discuss initial project potential.","The CONTRACT DOCUMENTS shall not be construed to create any contractual relationship between the PM and the Contractor.","Internal labor usage of the government unit is assumed.","The first is a comprehensive survey of ESCO firms, supplemented by interviews with ESCO executives and industry experts to develop estimates of ESCO industry market activity over the last decade.","Upon written request by the shall schedule preliminary inspections of the Work as soon as practicable after notification by the that major ECMs or systems are substantially installed.","On the Proposal packet, please display the firm name and RFP title.","They may alsobe able todeduct the implicit interest portion of their lease payment as an operating expense.","What site specific operational and maintenance changes does your firm usually propose for similar projects?","Services may include but are not limited to: technical energy audit, engineering design, equipment procurement, construction management, financing capability or advising, commissioning, staff training, monitoring and verification, and a performance guarantee.","The accuracy and usefulness of benchmarks is directly related to the quantity of past pricing information available.","Making the communities of New Hampshire more sustainable.","ECMs than would be possible otherwise, or by lowering the financed amount and shortening the term, thereby reducing interest costs.","Where required by North Carolina law, Project Documents shall bear the stamp or seal of architects or engineers licensed in the State of North Carolina.","Eligible municipalities must be contributing to the Systems Benefits Charge, which finances the Flex Tech assistance program.","Report on guaranteed energy savings contracts entered into by State governmental units.","CONTRACTOR shall notify CITY of intentnot to pay a Subcontractor and clearly state the reasons for nonpayment.","The load factors that contribute to these transitional maximums and minimums should be examined and any utility cost penalties for poor power factor performance.","Federal agencies in identifying, obtaining, and implementing project funding for energy projects through the use of ESPCs.","Morrisville, NC TAC Americas Morrisville, NC Trane Comfort Solutions, Inc.","Prospects for ESCO industry growth.","Contractor shall identify direct costs for DES and proposal development costs as a separate line item, as applicable.","Submit these documents via email or on a CD, if feasible.","As a result, the Facility Owner will have the option of reviewing and approving the methodology before the contract is executed.","Any other documentation reasonably required by the issuer.","Notice may be given by telephone in the event of an emergency situation.","Furthermore, costs to upgrade billing systems to accommodate these loans can be significant.","Within this context, the public works statutes apply to all cities, counties, towns, port districts or other public agencies.","Feasibility of a PACE Program for Commercial Buildings in Multnomah County, Oregon.","For EEMs, another advantage compared tounsecured loans is that payments are tax deductible for home mortgages.","We will always provide free access to the current law.","Revisiting predicted project cash flow as compared to its actual performance may be the first step in developing the next project.","GUIDE TO ENERGY PERFORMANCE CONTRACTING MONITORING, MEASUREMENT, AND VERIFICATION This page left intentionally blank.","Coordinate with individual buildings for occupied schedule.","The financing mechanism for an Energy Performance Contract can be a lease or a loan, therefore, ownership of the equipment will vary depending on the type of financing structure.","Show me the money: Energy efficiency financing barriers and opportunities.","These windows were wooden framed and quite old but the contractor placed a premium cost for removal and replacement.","Did the ESCO include savings from maintenance or deferred capital expense in the project cash flow analysis?","Do you emphasize local subs?","CONTRACTOR shall inspect and promptly report to the INSPECTINGOFFICER any defects in such WORK that render it unsuitable for proper execution and results.","PLAN AND SAVINGSCALCULATION METHODSOUTLINEFill in the following tables or provide equivalent information.","However, agencies have discretion as to the level of detail used to track and report funding for energy conservation measures, and agency officials told us that they are not identifying and reporting all funds spent on energy conservation initiatives.","For some ECMs, pricing data may be available over a wide range of ECM sizes.","Typical Structuresnsecured loangrams have been administered in variousways.","The state corporation commission may fix, charge and collect reasonable fees for any administrative support and resources or other services provided by the state corporation commission under this subsection.","Agreement prior to the termination date.","Other benefits include reducing carbon footprint, improving indoor air quality and productivity, and attracting new companies.","In developing such procedures and methods, the Secretary, with the concurrence of the Federal Acquisition Regulatory Council, shall determine which existing regulations are inconsistent with the intent of this section and shall formulate substitute regulations consistent with laws governing Federal procurement.","Oral statements or instructions shall not constitute an amendment to this Request for Proposal.","Vice President Sustainability, Kilroy Realty.","All ESCOs will tour the facility at the same time so each ESCO hears all questions and answers.","For additional information regarding ESPC, visit energy.","PACE lien covered under the program.","DOD, DOT, and USPS generally agreed with the information presented; however, they provided some clarifying comments that have been incorporated into the report where appropriate.","Responses to this RFI do not bind DOE to any further actions related to this topic.","However, some regions do not have thequired level ofexpertise and may needtime to develop it.","The project savings guarantee is unique to ESPC contracts, and the guarantee is the reason that private lenders are willing to finance these projects.","EPCs in New York can be procured through competitive bid or a written request for proposals in accordance with local policies.","This Agreement shall automatically terminate upon the execution of an ESA by ESCOand the Issuer for a guaranteed energy performance contracting project at the Building and or Facilities.","Importance of Price Reasonableness in ESPCs The responsibility to ensure that the government pays fair and reasonable prices for the goods and services it buys is critical in ESPCs, where the procurement is financed over time.","Pertinent information needs to be shared.","CFMA Building Profits and is reprinted with permission.","How much and in what ways isaccess to capital a barrierto customers making efficiency improvements, and in which market segments?","Energy Efficiency Program Financing: Where it comes from, where it goes, and how it gets there.","Number of buildings, total square footage, total contract amount and the total project capital cost.","Verifying the adequacy of the commissioning results.","Results of the analysis may be used in performance risk assessments and responsibility determinations.","However, we found that the ESPC files lack key documents necessary to provide proper contract oversight and that PBS acquisition personnel did not complete required reports on contractor performance.","Also see: Engineering Checklist for Public School Facilities www.","First, using a Master Lease structure reduces the transaction costs of negotiating individual lease agreements.","Portions of the WORK requiring a SHOP DRAWING or sample submission shall not begin until the SHOP DRAWING or submission has been approved by the INSPECTING OFFICER.","However, in more complex transactions the staff may require earlier submission.","Price analysis should be used to verify that the overall price offered is fair and reasonable.","Labor or maintenance cost savings should not be included in energy cost savings for the purpose of determining costeffectiveness, unless specifically approved by the agency.","The FEMP team can in some cases check the ECM descriptions in the final proposals from which the data came and adjust the prices for closer comparison.","Detail verification activities and reporting responsibilities of Cityand contractor on operations and maintenance items.","The reporting categories for the extended availability accounts must be continued for all fiscal years with remaining obligated balances against the extended availability account.","For larger cities, it may be beneficial to implement projects with groupings of likeuse facilities such as public safety, libraries, community centers, etc.","Test requirements for ongoing commissioning.","Local Government Budget and Fiscal Control Act.","Regional programs are often developed where there are existing regional governance entities willing to act as PACE program sponsors.","Schools are the prime users of this contracting method, which also tracks with the National Survey results as well.","The hot water plant modifications do not include mechanical connections from blow down devices to the chemical feeder system.","Describe any other relevant technical experience.","The base year is used in the measurement of energy savings from the project.","Note that overhead is included in Construction Costs General Conditions.","Building a Team Public sector contributors, SECO, and ESCOs agree it is crucial to establish a strong, crossfunctional, and multilevel team of city officials and staff to guide the city through the performance contracting process.","For more information on the advantages and disadvantages of offbalancesheet financing and for information specific to your situation, consult an accounting professional.","The President of the United States communicates information on holidays, commemorations, special observances, trade, and policy through Proclamations.","Qualifications and Experience of Staff Assigned to this Project.","The FEMP team can use the benchmarks to show where the proposed price for a particular ECM fits into the array of past prices for similar ECMs.","As Congress and investigators would discover, EES was measuring the future efficiency savings that a building could offer, like any ESCO.","Our Scope of Work defined quantities and quality that was compatible with purchasing agreements in place for maintenance and equipment reliability issues.","ESA, the Issuershall reimburse the ESCO for either the actual expenses incurred or the percent of the Audit and Report completed as of the effective date of the termination, the amount being determined as fair and equitable by the Issuer.","Scope of Work must balance multiple objectives and will reflect the present energy management capacity of the organization.","National Energy Conservation Policy Act, as amended, requires agencies to specifically set forth and identify funds that they have requested for energy conservation measures.","Project Developmentis thefirst of two contracts with the selected ESCO.","Boards of commissioners in every county are eligible for membership in the Association.","As an appendix to your response, provide a sample Commissioning Plan from a performance contracting project implemented by your firm.","Bill Tariffs: A Game Changer?","It will require some dedicated attention to equipment performance, building physicals, energy cost accounting, engineering factors and calculations, and searching records for pertinent information.","Energy Savings Performance Contracts for Federal Agencies.","The ESCO will have a good representation of how energy is consumed within each building over a monthly scale which will further shorten the ESCO investigation time through the confirmation of these earlier findings.","We had made some bad choices of equipment in the past.","Response must include a statement of guarantees and other actions taken to minimize Owners risks related to this project.","Thirdparty financing is available, which allows the client agencyto construct projects sooner.","Furnishing or installing any access panels or doors not specifically identified is excluded.","The guaranteed minimum energy savings identified in the ESP and the verified actual energy savings should be identified in tabular form for easy reference by the client agency.","Since metering must be specially installed, read, and calibrated for the duration of the contract, it is more expensive than analysis of utility billing data.","Funding is first provided for detailed surveys and studies of a broad range of competing projects at different facilities.","If the energy consultant identifies cost effective measures and the agency decides to proceed to construction, a finalized IGA is presented to the agency.","In order to compare the prices, we must correct for general price inflation and differences in pricing that are due to the local economy.","Improved Pattern of Energy Use.","Four statesproject investment in our database.","CONTRACT CLOSEOUTFINAL CLEANING: CONTRACTOR shall, at completion of WORK, remove allrubbish from under and about the Construction Site.","If the end of the notice period does not coincide with the end of the annual guaranty period all calculations of payments shall be prorated.","The portionbstntially complet, and the date of substantialcompletion.","What measurement and verification protocol was used to track savings?","GUARANTEE SERVICESDEFINITION OF TERMS ED IN THE PERFORMANCE GUARANTEEThe following terms are defined for use in these CONTRACT documents for the performance guarantee.","County Office of Sustainability.","Investing in energy efficiency can also stimulate the local economy by creating jobs and encouraging development.","GUIDE TO ENERGY PERFORMANCE CONTRACTING PROJECT DEFINITION Room Description Quantity Existing Fixture Description Proposed Quantity RFP Requirement Proposed Fixture Description Mech.","Measurement and verification is mandatory.","Five of the six federal agencies receive energy conservation measure funding from general appropriations and direct appropriations for specific energy conservation projects from the Congress.","How will costs be reported for this project?","Issuer and ESCO worked together to identify and quantify the Operational ture data provided by the Issuer.","The official NHSaves Newsletter is full of best practices, latest news and plenty of ways to save money and energy.","City would need to purchase to operate the lighting and domestic water systems.","Customer makes no representation or warranty regarding the condition or suitability of equipment for any intended use.","ECM capital cost and shorten payback?","Current utility rates should be used to calculate energy and utility cost savings.","Providing this information early, prior to the award of the investment grade audit, determines if there are conditions that would prevent the ESCO from going forward to each succeeding phase of the project.","Presented in the following options: Yearly, quarterly, biyearly, and monthly options in arrears.","Such a contract shall stipulate that it does not constitute a direct or indirect pledge of the taxing power or full faith and credit of any governmental unit.","Concessions in a business negotiation do not buy friendships, and they do not advance your intereststhey demonstrate a lack of resolve and encourage the other side to demand more.","The Base Utility Rates used to calculate energy savings will be used as the floor price for the Guarantee Term and shall be the lowest rate used.","Consider collecting the fee in increments from the time the escrow account is established in order to reduce this time delay.","Monitoring and Verification Plan.","These have to be agreed to and set prior to award.","Part section in Federal Register documents.","Describe any data manipulation or analysis that was conducted prior to applying savings calculations.","CITY may require copies of invoices orother suitable documentation.","Insulating the building structure or systems in the building.","Energy Savings Performance Contracts to pay for energy upgrades.","SHOP DRAWINGS and that they are in confoance with therequirements of the CONTRACT DOCUMENTS.","This audit focuses on the administration phase of ESPCs.","Include table Proposed Annual Savings for Each ECM.","Costs are based on prompt and safe access to all areas necessary to complete these scopes of work.","The lease definition issue may not have a severe impact on the status quo of private sector energy efficiency financing.","But the company had a bad taste in its mouth from a recent experience.","State agencies to use contracts when feasible; rules; recommendations.","Understanding how these programs function should be requested to ascertain the calculation basis for any adjustmentsbeing performed for weather, hours of operation, utility rate escalation, equipment loading variations, and equipment additions.","CHANGES IN CONTRACT PRICEThe CONTRACT PRICE may be changed only by a CHANGE ORDER.","Municipalities continue to look for ways to reduce these energy costs and financing them can be an issue.","Federal agencies to use private sector financing to implement energy conservation methods and energy efficiency technologies.","The audit cost will be the reimbursable cost if no performance contract is negotiated after completion of the Technical Audit.","Performance of the dayday operations activities is negotiable and can impact performance.","CONTRACTOR, any payment so made by the CITY shall be consideredas a payment made under the CONTRACT DOCUMENTS by the CITY tothe CONTRACTOR and the CITY shall not be liable to the CONTRACTORfor any such payments made in good faith.","The fear of debt can cause some organizations to opt for shorter financing periods, which decreases the projects that can be incorporated into a performance contract.","CONTRACTDOCUMENTS, the CONTRACTOR shall provide and pay for all materials, labor, tools, equipment, transportation, supervision, temporary constructionas deemed necessary by CONTRACTOR and CITY, and all other services and facilities necessary to execute, complete, and deliver the WORK within the specified time.","Who does the work?","Owner reserves the right to reduce or expand the scope of work once an ESCO is selected.","The pro forma example to follow shows interest rates that will vary with credit rating and financial stability.","Heating, ventilating or air conditioning system modifications or replacements, including ground source heat pumps.","Identification of the nature and extent of the work and equipment that the ESCO will receive from other firms under subcontract.","Comparison of proposed prices with prices obtained through market research for the same or similar items.","Permits and licenses necessary and required for the prosecution of the WORK shall be secured and paid for by the CONTRACTOR unless otherwise stated in the CONTRACT DOCUMENTS.","The City has the option whether to obtain financing for this portion of contract.","The ESCO is responsible for ensuring that all warranties are met.","He shall decide questions which may arise as to qualityand acceptability of materials furnished and WORK performed.","ESCOinstall hand dryers in the bathroom, thereby reducing paper towel usage.","Pathway Lending is an Equal Opportunity Lender.","Alternate Energy Baseline Calculation Equipment metering has the potential advantage of observing only the change in energy use accomplished by the efficiency improvement.","He is a registered professional engineer in multiple states.","The project manager can also take advantage of the resources of the State Energy Office, Waste Reduction ons.","Ensure that the unobligated energy cost savings balances at yearend are carried forward for use beyond the fiscal year by transferring the funds to the extendedavailability of funds account.","As an appendix to your response, provide a sample Measurement and Verification Savings Report prepared by your firm from a completed performance contracting project currently in repayment.","ESCOs, such as energy audits programs, rebates, direct install programs, demand side management bidding, or standard offer approach, rarely provide the full amount of funding required to cover implementation costs such as engineering, procurement and installation costs.","Final Deliverables Report on federal best practices for price review in ESPC projects, with recommended procedures to ensure fair and reasonable pricing.","The most common mistake an inexperienced negotiator makes is to think that one side must win and one must lose.","Describe how subcontractors are selected.","ESCO, the parties agree that the data required to be delivered to LBNL under this clause has commercial value whose disclosure would cause competitive harm to the commercial value or use of the data.","ESCO been provided with the energy related bill in a timely manner.","ESCOs based on their ability to meet terms and conditions established in IDIQ contracts, and consistent with the ESPC regulations.","This Contract may be terminated at any time as described below: Termination for Cause.","It should be noted that no financing solution is likely to be foolproof in its ability to improve the value proposition of energy efficiency.","If Customer funds are not appropriated or available to fund this Contract, then Customer may terminate this Contract without further obligation related to the non appropriated or unavilable funds.","EPCs are preferred within a country.","The Project Definition should be revealing to maintenance responsibility for the energy saving measures after installation.","Makers Guide to Energy Saving Performance Contracting Getting Started Begin a utility cost accounting effort by requesting utility providers to supply billing and energy usage summaries and any other technical assistance with energy management.","ESCO to perform required maintenance, monitoring and training services.","The contracting officer may require such information in all other negotiated contracts when appropriate.","Systems: laundry equipment, kitchen equipment, swimming pool systems, digital controls, etc.","Certificates of Insurance and amendatory riders or endorsements that clearly evidence the continuation of all coverage in the same manner, limits of protection, and scope of coverage, as was provided by the Certificates of Insurance, amendatory riders or endorsements originally supplied.","Federal agencies are implementing several strategies to help reduce energy consumption.","Office of the Federal Register or the Government Publishing Office of the opinions, products, or services presented on this site, or any sites linked to it.","This may include onetime savings from avoided expenditures for projects that were appropriated but will no longer be necessary.","The schedules, occupancy, and operating conditions of our buildings were changing sufficiently in some cases that would influence the energy use but these adjustments were not identified a head of time.","The procurement method should be based on local conditions.","Provide postacceptance performance period other cost savings adjustment factors.","Execution and Commencement Dates.","Issuer that the deadline for submission of the Energy Audit and Report has past.","However, if construction estimates are significantly greater than originally assumed, the contractor may find that the project or measure is no longer viable and drop it before TO award.","For example, if a performance contract focuses only on lighting, a measure with a short payback period, this may eliminate the opportunity to achieve savings through combining lighting with longer term payback items.","SCOPE OF WORKEXISTING CONDITIONSDemolition work not specified in the scopes of work which results from discovery of a latent condition is excluded.","Availability of inhouse staff.","In calculating any reduction in energy savings, ESCO will use the lesser of the then current applicable utility rate unit cost or the Base Utility Rates as described herein.","The ESCO shall test all components and systems of the installed ECMs.","The Guaranteed Savings were determined using the Baseline Utility Rates.","Weighing the importance of the selection criteria and then ranking each proposer to a numeric eria area is a common method of capabilities evaluation.","Agencies do not need to certify that funds are available for subsequent years.","Certificate of Substantial Completion and Acceptance and ESCO when the construction of projects has been completed and warranty commencement date is defined for all warranties.","The CITY shall provide all inspection and testing services not required by the CONTRACT DOCUMENTS.","Connect theproposed sensors to existing VAV box Schneider Electric terminal controllers, configure and calibrate sensors and integrate to BAS system.","CEM and LEED accreditation preferred.","Tuesday of each month, onduct its business, including the approval of applications of units of government to incur debt.","Investment Principlesafter the payback point has been reached.","Sealed is exploring financing that can be used in other states.","Begin each SECTION and SUBSECTION described here on a separate page.","Disclaimer This document was prepared as an account of work sponsored by the United States Government.","There are two types of energy audit to be aware of.","Interest rates are typically lower than rates under a common lease agreement and may be lower than an ESCO.","It can help to have a neutral thirdparty engineer review the preliminary audit.","Clarify what will be done if inadequate preventive maintenance impacts performance.","Any dispute arising from or related to the audit shall be resolved by recourse to the procedures set forth in this Agreement.","The application of the operating hours varies by type of measures proposed, magnitude of savings, and potential for impact on the overall savings.","In California, PACE may also be used for water efficiency and conservation, electric vehicle charging infrastructure, and seismic strengthening.","Ogden City Energy Performance Contractof Performance Bond and Payment Bonds.","Energy Efficiency Council members who have experience of creating and trading certificates.","Additionally, the Secretary of a military department may grant exceptions to otherwise applicable square foot and cost per square foot limitations.","Based on the best overall program, proposal scoring, references, and presentations, an ESCO will be selected.","State, including any board of a community college, any school board, or an agency, commission, or authority of a political subdivision of the State.","Most ESCOs will perform a nocost preliminary audit, prior to entering a selection process, to help cities understand available energy and water saving projects.","Given that under separate ESPC provisions an ESPC must initially be funded through private financing and then paid for through specified appropriated funds, the provision authorizing use of a combination of funding sources is unclear.","Access to all furnished equipment shall be maintained.","Reviewing and coordinating site surveys, feasibility studies, designs, proposals, shop drawings, project close out documentation, measurement and verification reports, invoices and payments, maintenance procedures, and other documentation prepared by other contractors.","ECM Locator can be used to compare previous and proposed prices.","The payments must be from savings that result from the ESPC project.","Describe the intent of postacceptance performance period verification activities what will be verified.","Baseline Utility Rate for the purposes of calculating Verified Savings for each Performance Period.","Section III of this guide covers in detail the which provides the basis for the RFP Scope of Work.","No additional information was available at the time of this release.","PBS is not ensuring thecompleteness of contract files or completing contractor performance assessments in accordance with the FAR.","Ogden City Energy Performance Contract of Providinginsight into facility use, programming, and other facility information.","For measures evaluated external to the vendor program, the current electric and natural gas utility rates were applied to the energy savings determined to arrive at a net cost impact.","Recommendations for replacement of existing equipment, andimprovements to the existing equipment and operating conditions.","If the Fannie Mae Green MBS pilot is successful, it could pave the way for Green MBS backed by EEMs in other marketsectors.","There is a host of useful information available to help design and implement effective energy efficiency, cogeneration and demand management projects.","BID The offer or proposal of the bidder submitted on the prescribed form setting forth the prices for the Work to be performed and the other information requested by the BIDDING DOCUMENTS.","Several typesof entities administer or sponsor onbill initiatives: investorowned and publiclyowned utilities, rural electric cooperatives, state agencies, and private or nonprofit entities.","In other cases, private sector lenders have been recruitedas program partnersto augment public resources.","It is possible that a lessee could return energy efficient equipment at the end of the lease term but, given the nature of energy efficient equipmentwhich is often imbedded or integrated into the building structurethis is impractical and rare.","While most ESAs target large businesses and institutions such as hospitals and universities, at least one vendor now provides these services to homeowners.","Its members, known as ESCOs, are firms that assess how a building can save energy, then write a contract guaranteeing the savings and retrofit the building.","Regional and temporal investment trends.","The experts should provide written documentation of their opinions.","Was the ESCO an equipment manufacturer?","How does Energy Performance Contracting work?","After the contract ends, all cost savings accrue to the agency.","The percentage must be equal to or less than the maximums proposed in the ESCO prequalification process.","Leases Distinguishing between a lease contract and a service contract.","The shall acquire no ownership interest in any software, formulas, patterns devices, secret inventions or processes, or copyright, patents, and other intellectual and proprietary rights or similar items of property which are or may become used in connection with the ECMs.","Both the contractor and the Citycan cause delays.","In some cases, a preliminary copy of this NC Guide to Energy Performance Contracting was left with the government unit or school for seeking additional response about the usefulness of information being provided.","In some cases, lenders may choose to preapprove applications based only on information provided by the customer, which can speed up the preapproval process.","These guidelines have been developed by several state architectural and engineering departments that have focused on the conservation of energy in the design process.","In either case, good reference materials and assistance with the preliminary assessment document can be obtained through the North Carolina State Energy Office.","Transaction costs include everything from legal costs to investmentgrade audits to costs for operations and maintenance.","Where price reasonableness cannot be established through price analysis alone, cost analysis may be used.","LEED for Existing Buildings, etc.","It may also be used to provide additional information that is required by law, agency policy, or Executive order.","Current operating condition for each system.","The contractor shall satisfy warranty items as required.","Although ESPCs enable local governments to acquire energysaving improvements without expending capital budget, ESPCs can be financed through a number of methods and therefore may be more accurately considered a contracting or procurement mechanism.","Installation Period Savings without accrual hereof.","WRITTEN NOTICE, terminate the services of the CONTRACTOR and take possession of the PROJECT and of all materials, equipment, tools, construction equipment and machinery thereon owned by the CONTRACTOR, and finish the WORK by whatever method the CITY may deem expedient.","Office of the Comptroller of the Currency.","This in no way implies that the purchasing Cityhas breached the contract by exercise of the Termination for Convenience Clause.","Technical and Construction Issues.","Appendix and Schedulesthe event of personnel changes.","The Public Inspection page may also include documents scheduled for later issues, at the request of the issuing agency.","Annual payments include debt service, ESCO fees, maintenance services, monitoring services, and other services.","HVAC technician, facilities team, etc.","Provide a summary of the source of any thirdparty rebates or incentives provided on this project.","The usefulness and accuracy of pricing benchmarks depends on the quantity of data available to develop them.","The next section lays outa typology of efficiency financing, giving a framework for understanding the advantages and disadvantages of different products.","Energy Use Savings, during the installation period, will not be used or accrued to meet the Savings Guarantee.","ESCO are itemized Measurement and verificationstandards are presented and a measurement and verification plan is required at this stage as needed.","Provide detailed calculations for any rate saving proposals.","Do I trust and feel comfortable with the sales people, engineers, and project managers who will work directly with my city staff?","For major rehabs and redevelopment, businesses may be more willing to use secured financing for efficiency upgrades because it may be viewed as more tied totheir core business activity.","Energy cost savings could refer to funding remaining after an energy bill is paid or to additional unobligated funding made available in an amount equivalent to avoided cost from energy not consumed during the previous fiscal year.","The building continues to be responsible for regular maintenance costs, including replacement of basic parts and consumables.","The Base Utility Rates will be used as the floor price for the Guarantee Term and shall be the lowest rate used to calculate energy savings.","DESreviews the report and forwards it to the client agency when approved.","Extended Availability Energy Cost Savings.","The inclusion of a grossup provision is standard in this section.","Once project management is standardised, Super ESCOs are in a position to provide capital, credit enhancement guarantees, risk management products or leverage funds from financial institutions.","The final proposal requires more intensive price review.","Each document posted on the site includes a link to the corresponding official PDF file on govinfo.","Greenhouse Gas Inventory creation or Energy Star Benchmarking establishment should also be identified.","ECM mechanical systems and energy related systems located at the Premises.","Investment Grade Energy Audit is needed before an ESPA contract can be developed.","Three firms, A, B, and C are to be evaluated based upon the listed proposal criteria.","Clean Water Revolving Fund.","An Energy Savings Performance Contract may be negotiatedfollowing the audit.","OMB and DOE are still developing these guidelines.","Devices that reduce water consumption and water costs or that reduce sewer charges.","Attachment Cost and Pricing.","Super ESCOs meet this budgeting barrier by providing incentives or financing tailored for the public sector.","It is better to find out early any concerns that the ESCO may have with the Agreement prior to pursuing proposal details, especially if there is indication of difficult negotiations.","ESCO Response to this RFPis nota requirementand no firm will be penalized for the lack of industry accreditations, partnerships, memberships and prequalifications.","Additional information required for proper assessment of proposals may be requested from the ESCO at the discretion of Owner.","ESA structure to finance the projects.","CONTRACTOR may use existing building utilities for the purposes of executing the project.","Generally describe your capability to secure insurance policies.","Utility Dollarsnterest infinancing is part of a broader trend in some states wherepolicymakers and program administratorsare looking to leverage private capital in order to stretch the impact of limited program funds, encourage significant cost contributions by participating consumersand mitigate rate impacts.","LIENS Liens, charges, security interests or encumbrances upon real property or personal property.","Issues Note impact of operating deficiencies or enhancements on generation of savings.","However, costs within market segments is quite large.","Equipment Compatibility or Standardization.","Energy Performance Contracting is a smart, affordable and increasingly common way to make building improvements that save energy and money.","We replaced our sinks, showers, lavatories, and toilets with low flow water designs and had drainage problems because of it.","Contractor and Government Furnished Resources.","CONCLUSIONS Making price reasonableness determinations in ESPCs has been problematic for a number of reasons.","ESPC project, or from savings that exceed contractually guaranteed savings.","Clarify responsibilities in the event of a premature facilityclosure, loss of funding, or other major change.","ESCO activity is concentrated in states with high economic activity and strong policy support.","Both parties worked smoothly to get an equitable arrangement.","The ESCO must provide the termination value for each year of the uthorization, which is based on the method of payment.","Carefully weigh the pros and cons, staffing expertise and time availability to manage and execute sophisticated energy savings upgrade projects.","Implementing these solutions will generate significant cost savings and improve comfort in the building spaces.","This establishes the project scope and costs, and provides for construction and followup services to be provided during the financing term.","If we detected slippage, we wanted to know why and how we would get back on schedule.","Establishing an energy baseline using billing data is low cost, because the metering and data collection are already being performed.","The ESCO shall also terminate outstanding orders and subcontracts as they relate to the terminated work.","Source of funds used for the project.","The following are the Base Utility Rates: Water and Sewer service is provided by the City.","If local counsel is qualified in this effort, then it will be more economical for their participation, since they have participated with the customer in el.","SPECIFICATIONS by reference to brand name orcataloguenumber, it shall be understood that this is referenced for the purpose of defining the performance or other salient requirements and that other products of equalor better capacities, quality and function shall be considered.","For example, the deployment of smart meters in the buildings sector, increased penetration of active energy management systems in industry, and advancements in remote monitoring platforms should aid ESCO market development in the future.","ESCO payment schedules and lender financing terms and schedules.","Ask for comments on the construction process.","Infrastructure improvements that pay for themselves over time.","Natural Resources Defense Council.","Enterprise Underwriting Standards: Notice of Proposed Rule Making.","This requires the ESCO to develop a fairly complete design before the contract is awarded.","Also includeany added expertise and capability of staff available through other branch offices, subcontracts, etc.","One of the primary benefits of an ESPC is that it should be budgetneutral.","Some leases allow a municipal entity to abate partial payments if use of the equipment is limited.","The designbuild subcontracts work will be through the ESCO, with the ESCO approvingall drawings and specifications prior to construction and with the ESCO taking responsibility for the performance of the designbuild subcontractors.","Was there an Engineering Services Contract issued separate to the Performance Contract?","Do you provide local or remote support?","State or local building code or is required by the light system after the proposed modifications are made.","Provide a representative list of existing customers of your firm in this region of the state.","The Amendment Part section identifies changes or additions to the CFR.","Reporting of actual project financial performance as compared to predicted performance, explanation for any difference in expected performance, and updates on any accounting rule changes can help city CFOs remain supportive of ESPCs.","Time will tell whether they continue to grow and potentially become a big kid in town.","However, reserves the right to review and approve the quality and standards for all materials.","The ESCO shallcontinue performance of the contract to the extent it is not terminated and shall be liable for excess costs incurred in procuring imilar goods or contract services.","Certificate of Final Completion and Acceptance ESCO after final inspection is found to be complete with Warranty Period commencing at the final date of completion.","And as the sites of government agencies, they can plan to be around for a long time.","Gilligan is the president of NAESCO, the National Association of Energy Service Companies.","The contracts are included as templates only and may not yet incorporate all of the below requirements.","The contractor shall investigate various purchasing options for the indicated utilities and make cost savings recommendations to lower the cost of delivered utilities.","PV performance contracting has emerged only in the last four years, and therefore little published literature exists.","The INSPECTING OFFICER shall promptly make decisions relative tointerpretation of the CONTRACT DOCUMENTS.","FEMP ESPC task orders are few.","Ogden City Energy Performance Contractof SCHEDULE PAYMENT SCHEDULE AND SCHEDULE OF VALUESThe schedule of values Shall be included in the final contract once execution schedule is confirmed.","PDF version on govinfo.","Reasonable applications of measurement typically include variable loads that are likely candidates for conservation measures, such as cooling equipment.","Such incentives are refunds or rebates received as a check and deposited in the accounts used for operations and maintenance; they are not credits to the utility bill.","It was not too infrequent that the original lead person that was most involved with the initial performance contracting process had left the employer either retiring or gone on to another place of employment.","Pennsylvania is now offering loans through national financing solution through energyloan.","Any such performance guarantee shall provide that the contractor is responsible for maintenance and repair services for any energy related equipment, including computer software systems.","In theory, bill arrangements may allow costs to be repaid by tenants, though whether that could also include passing through of commonarea improvementsin multifamily buildings, particularly to multiple tenants, is less clear.","Engineering calculations, utility meter billing analysis and computer simulation.","ESPC projects include many different types of energy and operational improvements.","If the measured savings do not meet the amount set out in the performance guarantee specified in the contract, then the ESCO pays the agency the difference between the amount guaranteed and the actual savings.","Reuse existing junction box with the new chiller disconnect located next to the existing junction box.","Two strong proposals are always better than one!","Capital lease terms usually charge the lessor with responsibility for the operation and maintenance of the leased asset.","Liens for lack of payment are nasty clauses in ESCO contracts.","If there are no savings, the building owner does not pay anything.","Describe your process for project invoicing.","Contract are guaranteed to equal or exceed the total costs of the improvements.","He got involved at the last of the project where there were many problems associated with the transitional period.","The energy conservation measures to be installed under the contract are for an existing building or utility system.","For Rules and Proposed Rules it explains the basis and purpose of the regulatory text, but contains no regulatory text.","PACE Loans: Does Sale Value Reflect Improvements?","Tax incentives exists for commercial applications of renewables.","This happened in three of the ten performance contracts interviewed.","Comparison with previously proposed prices and previous government and commercial contract prices Can be applicable if data is available.","Issuer shall pay for the entire cost of the audit.","WORK and confirm dimensions and conformance to ONTRACT DOCUMENTSSAMPLES are physical examples furnished by CONTRACTOR to illustratematerials, equipment, color, or workmanship and to assist in theestablishment of standards by which the WORK will be judged.","Tracking corrections for cost can be tedious for multiple accounts.","What is the Energy Savings Performance Agreement?","This type of contract allows the agency and the energy services company to share the energy cost savings resulting from energy conservation measures.","Contract without the prior written consent of the other Party, unless the assignment is to an affiliate of the Party.","Litigation and formal arbitration are usually very expensive and involve lengthy procedures by judges or arbitrators who often have inadequate expertise to understand complex technical issues.","What have we learned?","Functionally test the boilers and boiler plant per the final design sequence of operation.","Delivered annual energy savings.","Residential Financing on the Ground: Lessons Learned from Programmatic Examples.","In conducting the review, the engineer shall focus primarily on the proposed improvements from an engineering perspective, the methodology and calculations related to cost savings, increases in revenue, and, if applicable, efficiency or accuracy of metering equipment.","One potential barrier to energy efficiency is that proposed changes to accounting standards may limit the manner in which energy retrofits can be financed.","Energy cost savings means a reduction in the cost of energy and related operation and maintenance expenses, from a base cost established through a methodology set forth in an energy savings performance contract.","No telephone, electrnic or facsimileproposals will be considered.","If doing so, this site visit should be made available to all proposing tities at one specified date and time.","Thedocuments draw from successful programs in various states and are continually updated to incorporate the latest strategies.","ESCO shall provide a Portfolio Manager rating and energy performance target score estimate.","By multiplying the projected yearly cash flow by the discount factor, thepresent value for that year is determined.","What percentage of total project cost?","ESPCs with prequalified energy companies.","ESCO project activity by state.","The world of energy efficiency is packed full of abbreviations and acronyms.","In a capital lease, the lesseemay take any depreciation benefit.","The INSPECTING OFFICER shall promptly review all SHOP DRAWINGS.","The avoided fuel costs are annually recurring energy cost savings.","The available energy saving resources of the State Energy Office have been researched.","Each municipality shall publish in advance its requirements to procure water conservation services, solid waste reduction services, or energy equipment and services under a performancebased contract.","Trustees, and the Attorneys.","If appropriate, detail how responsibilities are shared.","The city is financing the improvements; the finance costs are paid with the monthly energy savings.","Setting the Guidelines The audit contract finalizesguidelines for the project on what is acceptable to the City: maximum financing term, eligible revenue streams, guarantee requirements, etc.","The ESCO is not required to select the lowest bidder if it is deemed detrimental to the performance of the project.","ESPC task order or ECMs.","Check the EMS interface thoroughly and the ability to interface and manipulate dedicated equipment controls such as chillers, boilers and HVAC systems.","The guarantee should be defined in units of energy to be saved for the duration of the contract term.","Breakout sessions focusing on technical and contracting topics provide the trainee with an opportunity to learn by doing.","State of North Carolina to prepare and submit to the Owner a Preliminary Technical Audit and Cost Proposal for a guaranteed energy savings performance contract.","Why do I have to complete a CAPTCHA?","This document is found at www.","These recovered funds will continue to be used to administer even greater energy efficiency, water conservation and use of renewable energy by means of privately financed mechanisms such as utility efficiency service contracts and energy savings performance contracts.","This tends to favor price analysis.","COMPENSATION TO ESCO FOR ANNUAL SERVICESThis should contain the amount and frequency of any payments that may be made to the ESCO for maintenance, monitoring or other services negotiated as part of the contract.","The contracting officer told usthat he submitted a request for access to CPARdatabase administrators.","To make it a little easier to navigate, we have put together this handy reference list.","Was the Investment Grade Audit performed by the ESCO?","Buildings, including all anticipated costs associated with such installation and implementation.","Date of Final Completion, except as noted below with respect to the following equipment or work: ISSUER, by and through the undersigned duly Services as finally complete and assumes full possession thereof as of the Date of Final Completion.","By assuming project performance risk, ESCOs have been able to sell financing for their customers.","Measurement and verification requirements for private financing.","Did you report results of the contract annually to the State Energy Office?","Once financing is secure, public agencies may confront lack of procurement regulations or understanding of energy performance contracting with private sector ESCOs.","This phase is most like a traditional construction project, and is often subcontracted to contractors to perform the actual construction and construction management.","Material Changes result because of a bona fide emergency or other situation which precludes advance notification, the shall give notice as soon as reasonably possible after the event constituting the Material Change occurred or was discovered by the to have occurred.","Interest to be paid during life of contract.","In performance contracting and the predictions and guarantees.","The agencies we reviewed report annually an amount spent on energy conservation measures to the FEMP Office, as required by FEMP reporting guidance.","It is important to choose a third party reviewer that is familiar with energy savings performance contracts.","The evaluation criteria for assessing the proposals.","This is not a statement on the layout of the information, but a listing on important information that should be included in any description of the buildings, infrastructure, or other items identified in the original client request.","Board of Education governance.","The maintenance of the equipment is the responsibility of the SPE, which also reduces the demands of client staff to be fully trained on all newly installed equipment.","Before the installation of any equipment, the engineer will review historical utility consumption for your property together with the associated weather data.","The benefit to you is that you save more money than projected!","There are several problems with this type of simplified analysis.","The fact that ESPCs include finance charges has led to further uncertainty.","HUDinsured EEMs have seen modest uptake.","Depending on the technical expertise and contract management skills of an organization, these contract facilitators can be employed to help an organization navigate the energy performance contracting process.","Comment on any special features, services, conditions, etc.","Pinpointing any gaps in knowledge or resources early on will help ensure the city will actually achieve the predicted savings.","Ogden City Energy Performance Contractof EXHIBIT IIREQUIRED BONDTo be provided after execution of this Contract.","How are you willing to work with us in selecting subcontractors?","The outcome of this effort is the elimination of unnecessary energy use and cost and environmental degradation.","These programs are also intended to appeal to secondary market investors, who canprovide large amounts of capital at rates that may be the most attractive option at very large scales.","All equipment on site shall be protected from physical damage and from the elements.","The projects shared by What other projects have they completed and are they similar to my needs?","Agencies can, however, obtain competitive pricing by requiring ESCOs to solicit competitive bids from subcontractors.","In most cases, if the Property enters into an ESPA then the cost of an energy audit is covered.","TRAINING: What training is provided for building operators?","Most of all, our experts advise checking references from potential ESCO partners in detail.","Structure and Evolution of the Firm.","Review by technical experts and individuals familiar with the equipment and services being procured is another valuable technique for establishing price reasonableness.","If the owner does not receive more than one response to the RFP, it must be publicly posted for a second time.","Including onetime cost savings before the money has been appropriated may involve some risk to the City.","Our project manager resigned and we had no onesufficiently to take over the project.","Citymay, when the interests of the Cityso require, terminate this contract in whole or in part, for the convenience of the City.","Following is a Facility Maintenance Checklist for use in a spreadsheet.","Each project will be site specific with its own unique cost requirements.","Trane energy management equipment will monitor by verifying hours of equipment operation.","We have a supervisor, a maintenance technician and a performance technician that are working on energy saving improvements in our daily operations.","Compensation payments due to ESCO for project monitoring, savings measurement and verification, reporting and maintenance services under this Contract as set forth in Schedule C shall begin no earlier than _____ days from the Commencement Date as defined herein.","Unsecured loan interest rates vary; some program administrators choose to reduce interest rates in the hopes of attractingmore consumers.","City, the proceeds of any sales of supplies and manufactured materials made under agreement, and the contract price of the work not terminated.","ESPC, if you are a local government owned water system.","In such cases, the variation in pricing may make it difficult to develop useful benchmarks.","Multilevel involvement from facilities management may also help build buyin to the energy and cost saving effort, leading to a stronger energy management program overall.","ESPC project will make planned repair or renewal projects unnecessary because they will be included in the ESPC project.","The continuous measurement of how energy is being consumed within a building complex is a powerful tool for conservation.","It is important to document and explain any adjustments made to the base year projections.","Patterns of usage and savings from Energy Conservation Measures.","After being selected for a potential award, the ESCO conducts a comprehensive facility energy audit and identifies improvements to save energy.","State whether guarantee is expected to be fulfilled for first year.","Excessive Finance Charges If the ESCO has financing responsibilities, there have been instances where ESCOs inflated the interest rate on the funds borroonal profits.","When the observes conflicting regulatory requirements, it shall notify the in writing immediately.","Who hires the project engineer?","Abatement Lease A type of multiyear taxexempt lease purchase agreement whereby the municipal entity can commit to make lease payments for the entire lease term unless the leased equipment is not available for use, in which case abatement occurs.","Energy Savings Performance Contract The Parties intend to negotiate an Energy Savings Performance Contract under which the ESCO will design, install and implement energy, waterand operatingsavingmeasures which the Parties have agreed to, and provide certain maintenance and monitoring services.","ADDENDA Written or graphic instruments issued prior to the execution of the AGREEMENTwhich modify or interpret the CONTRACT DOCUMENTS, DRAWINGS and SPECIFICATIONS, by additions, deletions, clarifications or corrections.","In this respect, Lexology provides a buffet and I make the assessment.","It must also be valid over the life of the contract.","The Measurement and Verification Services cost is the annual cost for the services necessary after acceptance of the project to annually verify the Energy Performance Contract guarantees.","In such case the CONTRACTOR shall not be entitled to receive any further payment until the WORK is finished.","Building owners can use ESPC to address deferred maintenance, manage increasing energy costs, streamline ongoing operations and maintenance of their facilities, and integrate energy security and resiliency.","Energy Efficiency Council members who can work with you to help finance your energy efficiency project.","The language appears redundant to existing ESPC provisions.","The comparison of actual to estimated savings should be denoted using the energy rates in effect at the time of project implementation.","It is also important that the ESCO be aware of the potential for energy savings that can come from other measures.","For instance, if a school has new lights installed in all classrooms, no labor or materials will be necessary in these areas for changing out lamps or ballasts for a fairly well defined time period.","Seventy five percent of residential customers that made energy improvements did not use financing.","Perhaps most importantly, an ESPC puts an ESCO on the hook for energy savings.","Green MBS, EEMs could access the capital available in the overall MBS market and could potentially reduce the price of borrowing for home owners thatwant to take on energy efficiency projects.","Authorized Agent_____________________________________________________________ Title________________________ Telephone____________________ Fax ________________ This application and supporting documents are deemed to be true and accurate to the best of my knowledge and belief.","It displays the projected cost savings over the life of the contract.","She has more than five years of project management and consulting experience in the energy field.","Provide a detailed preliminary commissioning plan for the proposed ECMs.","Government Contract Files, prescribes the general requirements for contract files in the federal government.","Ogden City Energy Performance Contractof of the character provided for in the CONTRACT DOCUMENTS.","Tune existing OAT reset controls strategies with more aggressive reset.","For existing public buildings that undergo a major retrofit or renovation, the department or departments responsible for design and construction shall make investments in efficiency; provided that the cost of the measures shall be recouped within twenty years.","Annual Review, Reconciliation and Reimbursement.","The owner should request such information later, if not available during the RFP stage.","Repair and Replacement Costs The contractor replaces a population of small packaged unitary HVAC equipment having significant remaining service life with substantially more efficient equipment, and assumes responsibility for maintenance, repair, and replacement.","SPE, and ultimately, tothe ESA or MESA provider.","The process satisfies public works selection requirements and enables publicsector clients to avoid having to conduct duplicative, individual public works selection processes.","PROMOTING FEDERAL LEADERSHIP IN ENERGY MANAGEMENT, Sec.","IASB process remains uncertain.","ESCOs provide a guaranteed maximum project cost, guaranteed minimum quantity energy savings and guaranteed equipment performance for the projects they design and cause to be installed.","REEP incentives yields negligible differences in all but the NJ SPC program.","Avoided expansion of capacity.","Renewable Energy Policy Project, Winter, Research Report no.","ESCO to get us up to speed on everything installed and how to get the most from what we had.","Sometimes the ESCO maintains ownership of the facility and sells back its output to the state entity.","They provided guidance and suggestions that were most helpful to get us over some administrative and project hurdles.","The FOR FURTHER INFORMATION CONTACT section includes the name and telephone number of a person within your agency who can answer questions about the document.","Energy efficient equipment leases are not related to Green Leases.","The mounting height of roadway lights will not be changed in this project.","Where price reasonableness cannot be established through price analysis alone, cost analysis may be performed.","Institutions should consult with appropriate legal and regulatory authorities for current regulatory requirements as well as for interpretation and implementation.","Provide MCKINSTRY continuous full access to Energy Management and Control Systems for the purpose of collecting and trending data over time as required for performance verification.","The ECM cost database contains the location of each ECM and the date on which it was installed.","We also provided a draft version of the respective individual generally agreed with our audit report.","If the ESCO identifies costeffective measures and the client agency decides not to proceed, then the ESCO will be reimbursed for the audit.","It was kindergarten to college in terms of knowing how the control systems were to achieve the energy savings.","When the ESCO is paid its first draw during the construction period through the financed escrow account, the ESCO makes the payment to DGS.","The proposer can address any of the criteria of the RFP.","Issuer and ESCO shall thereupon select agreed upon experienced and qualified energy engineering auditors to complete and submit to the parties an audit of the savings calculations and billings for the immediately preceding Guarantee Year.","The determination of the sum to be paid shall be made by the commissioner of administration according to the rules and regulations adopted pursuant to this Section.","How Has PACE Been Used to Date?","This reduces the uncertainty of identifying a responsible party whedesign or construction issues arise.","Occupations Code, apply to work performed under the contract.","Energy and Water Baseline Development Describe in general terms how the baseline for this ECM is defined.","The level of detail depends on the complexity of the measure.","ESCO Response to this RFPCurrent phone and email address of owner representatives you worked with.","This Contract may not be amended except pursuant to a written amendment signed by an authorized signer of each Party.","One potential source of funds could be grants.","All ESPC payments must be based on cost savings directly resulting from the ESPC project.","Proposals shall be opened in public by a member of the governing body or an employee, with contents announced and recorded in the minutes.","These were not tracked adequately.","An informative but casual approach is One size does not fit all.","Serves state agencies, including higher education, school districts, cities, counties and other municipalities.","GSA allots a portion of the repairs and alterations budget for energy conservation activities.","It was one scheme in a house built with many of them that eventually crashed.","Consult with your legal counsel and procurement staff to adapt it to meet your needs.","The effort required, and rigor achieved should be commensurate with the project capital investment and savings risk.","The ESP details the GMax offered by the ESCO for installation of the recommended EEMs.","Both of these models offer standardized loan programs designed to minimize program design work needed from participating jurisdictions.","These resultsformthe basis for negotiating a subsequent Energy Savings Performance Contract.","In some cases, this is facilitated with field adjustable drivers.","Navy base in White Oak, Maryland.","Propose a preliminary project schedule.","The cost to prepare most operations and maintenance raw materials should be included in relevant subcontractor costs above.","The contractor should have been identified as having purchasing authority early.","Insulation of the building structure and systems within the building.","Reprogramming actions will not be required in the case of such transfers.","Our project manager had worked for the ESCO chosen to implement the project.","Baselines: Provide a summary of all utility bills, consumption baselines and how they were established, and end use reconciliation with respect to the baselines including a discussion of any unusual characteristics and findings.","Talk to peer groups that have utilized performance contracting.","The cost can be distributed on the basis of percentage shares or by another appropriate method.","Appendix I provides more information on our objectives, scope, and methodology.","DOD also uses energy savings performance contracting.","Example of Reviewing ECM Prices from Super ESPC Initial Proposal The following is an example of applying the recommended process in review of an initial proposal.","ESA and MESA in the singlefamily residential market.","List all major and minor components replaced, upgraded, or modified.","These costs must not include costs paid in accordance with subparagraph B of this Section.","IGA for the project that will be included in the Commerce grant application.","The City Council of Greensburg, Okla.","INSPECTING OFFICER and CONTRACTOR willbe made with the purpose of creating a list of items required to be completed in an acceptable manner before the WORK can be accepted.","The energy savings shall be computed as specified in this Exhibit.","ESCO shall submit a Certificate of Insurance at the signing of this Contract and also any notices of Renewal of said Policy asthey occur.","Facility Owners need to be careful!","Nopurchase orderissuedwithposer untilpricesuccessfullynegotiatedandapprovedthe City, as uthorized by the City Council.","ESCO based on a set of core competencies.","Joint and Several Liability.","Participants can also take advantage of generous rebates.","Issuer shall also provide copies of drawings, equipment logs and maintenance work orders to the ESCOinsofar as this information is readily available.","How Have Leases Been Used to Date?","An engineering firm is a critical component of any retrofit and the ESPA.","Consumer eligibility involves multiple considerations.","IMPLEMENTATION PHASE Equipment Compatibility or Standardization.","Any leases that are written with variable interest rates should include aclause that defines how the initial interest rate shall be determined along with the relevant index and terms for determining any future interest rate resets.","Rental Interruption Insurance A form of insurance that provides a flow of funds to protect the lender in the event that the leased equipment is not usable and the municipal entity elects to use the abatement provisions of the contract.","CONTRACTOR will be entitled tointerest at the rate allowed by law on all sums overdue and unpaid from thedate due.","Compliance with Applicable Law In performance of its obligations pursuant to this Agreement, the shall comply with all applicable provisions of federal, state, and local law.","How State and Local Actors Can Get Involved State and local governments can supportthe use of secured lending for energy efficiency in their jurisdictions in severalways.","Legislation to Collect Fees Legislation authorized the FCIP program to collect fees.","Was the contract modeled after NC General Statutes for Guaranteed Energy Savings?","Bypass the existing furnace Alerton controllers.","Financing Phase: Upon satisfactory results of the Technical Energy Audit, an Energy Performance Contract will be developed to implement the negotiated and recommended projects.","State the cost per square foot of the audit.","Include a brief overview of your sample Operations and Maintenance Plan.","The estimated energy savings and energy cost savings that are expected to result from the installation of the energy efficiency equipment and an explanation of the method or methods used to make the estimate.","Interaction between ECMs and other facility equipment is complex, making isolation difficult To learn more about the details of each method and to review examples it is recommended to read the material at www.","But even before doing its projects, EES was already counting these savings in its books as current revenues.","EPCs guaranteed the associated energy consumption savings.","CFMA is currently experiencing technical difficulties with the Financial Benchmarker website, we are currently working on resolving this issue.","The City acknowledges that cleaning of existing items is excluded.","Leadership, Authority, Team Need Basis for Performance Contracting Qualifications and Proposals Energy Saving Benchmarks that Justified the Contracting Basis Resources and References After the general discussions, a list of more detailed questions were referred to for isolating specific areas.","Now that we have adjusted all of the prices to the current date and the location of the ESPC project, we can correlate price to chiller capacity.","The provider takes in the guaranteed monthly bill amount from the customer, which includes an escalation rate to anticipate utility tariff increases.","Grants obtained by Siemens helped mitigate a portion of the upfront costs of the EPC and were critical in obtaining buyin from he own oard.","Ask the reference to describe the projects completed by the proposer.","Witnessing any testing metering, or verification required for actual energy consumption during the term of the various contracts.","Project performance updates should be itten with a variety of stakeholders in mind, detailing implementation costs and energy and water savings.","ESCOs usually enter into service agreements with the owner to perform operations and maintenance on the new equipment.","ESCOs develop and implement turn key, comprehensive energy efficiency projects.","Plan and includes detailed measurements, monitoring, and inspections.","No new access panels shall be installed.","The purpose of this overview is to provide a good introduction of your firm to the evaluation committee.","Different sampling methods and definitions of industry scope have been employed, with dramatically different results.","Other benchmarks would be evaluated by developing the pertinent data of the facilities, operating equipment, and operating schedules to arrive at the energy saving potential as compared to the reference benchmarks.","If this scope is completed by ESCO employees, it includes the burdened cost of commissioning staff.","Replacement or modification of traffic control and pedestrian signage lights are excluded.","Water Use Savings are those savingsuse.","The ESCO is confirming that EEM construction is complete and energy savings are being realized.","High returns mean that project cost will either case, the objective is to lower cost and improve energy saving performance by raising the bar of benchmark performance criteria.","This facility purchases electricity from XYZ Energy and natural gas from the Gas Energy Marketing with local transportation fees paid to PSNC Energy.","CITYat SUBSTANTIAL COMPLETION as herein provided; or does not meet the generally accepted professional standards for the same or similar type work performed in, near or around the location where the WORK is or was performed.","Markup Profit Percent If a proposal is from a joint venture partnership, include proposed maximum allowable markups in the schedule format above for each participating company.","For example, commercial secured loans require that valuation of the collateral property be conducted whereas unsecured loans and leases do not.","For example, the building equipment might bedestroyed or made unavailable for use by an earthquake orflood.","Work under this Agreement by the or its subcontractors to the full extent as allowed by the laws of the State of North Carolina.","Any retainage amounts will be paid upon acceptance by of the work.","Preamble in Federal Register documents.","ECM according to the percentage of the total that the ECM cost represents.","Most states have enabling legislation or administrative rules that authorize performance contracting as a funding mechanism, or have a pilot project in place that already tested the legal issues.","Energy service companies have successfully structured energy efficiency performance contracts as operating leases, through which they have channeled significant amounts of capital.","Thank you for subscribing.","Load: Equipment loads can change over time.","They may also wantto assess the types of barriers that are most relevant to customersin specific market sectors.","Details of any baseline or savings adjustments made.","Program Manager, Federal Energy Management Program.","Residential solar projects or large, wholehome upgrades may reach this threshold.","PBS officials told us that they found ESPCs especially complex and difficult to administer.","Savings will be verified at the originally proposed hours regardless of future changes.","Amount due throughout life of contract.","God, acts of the public enemy, riot, war, unavailability of equipment or sulies, or suly chain delays caused by any of the foregoing.","Innovations and Opportunities in Energy Efficiency Finance.","Following is a template that can be developed in a spreadsheet.","Guaranteed cost savings to the federal customer must exceed payments to the contractor in every year of the task order term.","The finalized IGA must meet the costeffectiveness criteria established by the agency.","Examples include California FIRST and California HERO.","PACE programs and shifted focus onto commercial PACE.","ADDITIONAL INSTRUCTIONS AND DETAIL DRAWINGSThe CONTRACTOR may be furnished additional instructions and detail drawings by the INSPECTING OFFICER as necessary to carry out the WORK required by the CONTRACT DOCUMENTS.","What are the most common indoor air pollutants?","PAYMENT FOR MATERIAL AND EQUIPMENT.","Contractor Performance Information, requirescompletion of annual contractor assessment reports.","In these cases, program administrators must seek funding elsewhere and, if it can be accessed, private, nontility shareholder capital can provide an abundant, sustainable source of loan capital.","What owner risks were covered by contract language?","Summarize the scope of work, location, and howcost savings are generated.","It shows the operational cost savings, maintenance, monitoring, measurement and verification cost, and training fees along with the financing costs.","This project involved a complete renovation of the interior lighting of the San Diego General Mail Facility.","Open Market Modelne or more financial institutions invest in individual PACEassessments at terms negotiatewith the property owner.","CONTRACTOR will be allowed anincrease in the CONTRACT PRICE or an extension of the CONTRACT TIME, or both, directly attributable to such uncovering, exposure, observation, inspection, testing and reconstruction and an appropriate CHANGE ORDER shall be issued.","GUIDE TO ENERGY PERFORMANCE CONTRACTING DEVELOPING THE NEED BASIS Note, going from each stage of cost estimating to a higher level of design and scoping accuracy presumes that additionalof amounts shown.","What does the building have to pay for?","Avoided costs for maintenance of old equipment due to installation of new An agency plans to replace an old boiler and steam system with a more efficient system using an ESPC.","United States Government or any agency thereof, or The Regents of the University of California.","Positivecash flow may be especially important in incomeconstrained market sectors, though it may be a potentially attractive feature in other sectors as well.","CITY, saidtermination shall not affect any right of the CITY against the CONTRACTORthen existing or which may thereafter accrue.","We are also a very energy intensive society.","Engineering Designnal design for EEM projects is developed before the project is put out to bid.","Cost Avoidance Cost avoidance applies to implementing measures that will allow Facility Owners to avoid future costs, but does not save hard dollars compared to past budgets.","Energy Services Agreement in the past?","FAF selects the members of FASB and funds the organization.","Appendix D describes how price benchmarks are derived from pricing data.","After several years of operating the program substantial funds started rolling in.","It is difficult, for instance, to get a good representation of cooling equipment operation in the winter or true occupancy patterns of a school over the summer.","All project construction costs are reconciled at completion, and the client agency only pays the actual cost up to the GMax.","Every effort to have at least two qualified providers for an award to be granted.","The two final selections were brought back for presentations to the Board and the Commissioners.","In all cases, when the financing repayment obligation ends, any continued cost savings from the project accrue to the owner.","Project Documents pertaining to the performance of the Work at the Premises or conflicts with existing conditions on the Project.","ESCO in connection with this Agreement.","Other applicable energy using systems identified in the RFP or otherwise recognized.","Check the menu links on the left to learn more.","Changes in the number of days in the utility billing cycle.","Did you feel that the contract was sufficient to meet the needs of the project?","ORIGINAL PROPOSAL _____ AMENDMENTNO.","Energy projects may also be implemented using local and area office funds.","The first part addresses energy conservation practices in public facilities and the second part deals with those governmental units that are considering Guaranteed Energy Saving Contracts to make improvements for energy conservation.","Only contract services may be eligible for reimbursement rather than staff costs.","Did a licensed professional engineer review the IGA?","An RFQ process allows for a more holistic partner selection process that is based the needs of the city, financial history of the potential ESCO, and their proven ESPC success.","Payment through Performance Contract.","The views and opinions of authors expressed herein do not necessarily state or reflect those of the United States Government or any agency thereof, or The Regents of the University of California.","Although price competition is not applicable at the initial proposal stage and has not been widely used in federal ESPCs, it would be possible to require the ESCO to compete the subcontracted portions of the project.","ESCO with directly from the respective utility.","Neither the contractor nor the Cityhas control over the weather.","Range in project costs.","Did the owner issue a payment schedule?","The Evaluation Team recognizes it is premature to place a major emphasis on projected financial benefits prior to the completion of the Technical Audit, because the Audit will define the potential scope and cost benefit.","Eversource, Liberty Utilities, New Hampshire Electric Cooperative and Unitil to make our homes, businesses and towns more sustainable and more comfortable places to live and work, both now and in the future.","Such funds will be used to pay any obligations in the project cash flow.","Energy Savings Contracts and Activitiesmustremain available for obligation until expended, without additional authorization or appropriation.","Work or the ECMs whatsoever.","FEMP ESPC projects; and to give interested acquisition team memberoverview of the issues that may be of concern to their finance and accounting departments.","The Commission shall compile the information and report it biennially to the Joint Commission on Governmental Operations.","Again, because ESPC projects often involve demolition and construction, information obtained through market research tends to be more useful in cost analysis than in price analysis.","ESCO will be performing or will cause to be performed during the course of the project.","For example, if a facility is increasing its hours of use and adding new equipment, a more accurate forecast of future use might show a steady increase.","Agreement nor shall the ISSUER waive or relinquish any of itsrights.","Second, payments to a contractor can not exceed the amount that DOE would have expenses absent an ESPC.","Reserved for future codification purposes.","COs buffer the effect ofthemselves, we also examine the relationship between ESCO savings predictisavings that were guaranteed to customers.","Because the focus in developing ESPCs is often on the requirement for the project to pay for itself out of the savings it generates, this concept may be unclear to some individuals, so it is worth emphasizing.","For example, the ESCO may offer to provide remote monitoring and adjustment of temperature setpoints with a computerized temperature control system.","Interested persons may submit comments by any of the following methods.","While FEMP has provided implementing rules and policies regarding ESPCs, its efforts to promote and improve ESPC projects have been primarily through the DOE IDIQ contract vehicle.","Governmental units are authorized to add the costs of these fees to the total cost of the energy performance contract.","ESCOs or started their own ESCO businesses.","Verify setpoints, settings and schedules.","The head of a Federal agency may enter into contracts under this subchapter solely for the purpose of achieving energy savings and benefits ancillary to that purpose.","If these changes have an impact on the verified energy savings, this needs to be identified and the impact calculated.","Adjustments for general inflation must be made as well.","An example would be the cost of constructing office space, expressed in dollars per square foot.","This CONTRACT represents the entire and integrated agreement between the parties hereto and supersedes all prior negotiations, representations, or agreements, either oral or in writing.","COMPANY SPECIFICALLY DISCLAIMS ANY LIABILITY IF THE SCOPE OF SERVICES OR ANY COMPONENT THEREOF IS USED TO PREVENT OR INHIBIT THE GROWTH OF SUCH MATERIALS.","Flush and clean the refurbished boiler.","Indeed and apply to jobs quicker.","Other companies are also offering ESAs.","Technical experts here are understood to mean professional cost estimators or any technical specialists who support the acquisition team.","However, the recommendations and conclusions are worthy considerations for performance contracting.","This information shall be provided to the Installation Representative and Contracting Officer for approval prior to submission of a formal application to the required organization that is supplying the rebate or grant.","All offers with separately priced line items or subline items shall be analyzed to determine if the prices are unbalanced.","To raise awareness of the importance of energy efficiency in public agencies Super ESCOs may dedicate a portion of their budget to marketing campaigns.","Facility Owner should be free to the current fiscal year.","The potential impact of these design changes on the willingness of PACE lenders to continue offering ratesand terms attractive enough to result in cashflowpositive financing remains unclear.","When typing in this field, a list of search results will appear and be automatically updated as you type.","The inventory is important to include for the purpose of identifying what equipment was in place and how it was configured at the time of contract execution.","Contract design included both technical and financial services.","Calculated energy consumption closely matches the actual energy consumption determined from the utility bills.","But coming up with the initial capital through one of the aforementioned means can be challenging.","Other CONTACT DOCUMENTS are attached to the AGREEMENT and made a part thereof as provided therein or specifically made a part thereof by reference in the AGREEMENT.","As part of ensuring continued performance over time, the Customer should consider implementing an Asset Management software solution to optimize training and maintenance procedures.","ESCO to pay the difference if at any time the savings fall short of the guarantee.","Secured loansare financing arrangements that are attached to some form of collateral, typically the property in which the upgrade is being installed or in some cases the equipment itself.","What is Energy Performance Contracting?","Provide for the Cityto be notified of and present during all commissioning procedures.","Was utility billing information shared with the contractor prior to the IGA?","The wireless network controllers shall be provided in each building.","Provide status of any thirdparty rebates or incentives.","Quarterly updates are encouraged to evaluate annual savings ahead of time.","Use of Stated Cost Markups.","This is necessary for all projects regardless of funding source but especially when it is financed with debt as is often the case.","The recommendation shall include incentive programs to motivate installation personnel to reduce energy.","You should put the same amount of attention and effort into checking the particulars of the agreement as you were negotiating them.","Use appendix and electronic format asnecessary.","Describe any special features or services associated with your proposed improvements that would add value to Owner.","Define key system performance factors characterizing the postacceptance performance period conditions.","Final Installation Payment Against Contract Sum.","Participation rates as percent of total eligible consumers remain low.","DESthen establishes a professional services agreement with the ESCO for the IGA.","For example, a secured loan requires a property valuation of the collateral assetwhilean unsecured loan does not.","Lottery Funds for hool construction funding.","Appendix and Schedulesyour firm shall address any turnover of key Facility personnel as it relates to project performance.","State office, including address and telephone information, that will be primarily responsible to Owner.","Specialized Productspecialized financing products also offer variouspotential advantages and drawbacks.","It is also conceptually attractive to display energy savings resulting from an investment alongside the loan payment on the utility bill.","Distribute selected questions among the review team for the interview.","Grants will be awarded competitively after the proposals are assessed for technical and economic effectiveness.","The baseline is the forecasted utility usage for the given billing period and weather conditions based upon historical energy performance and weather conditions.","In a typical EPC process, the local government hires aprivateenergy services company ESCOto conduct an investmentgrade energy auditofits assets and identify costsaving energy improvements.","What other information sources are available to make the price reasonableness determination?","ESCOs because understanding of requirements and technical approach will be evaluated in the proposal.","It is useful for policymakers and program administrators to assess the types of barriers that are most relevant to customers in specific market sectors.","ARE YOU A LEGAL CONSUMER?","Filledin circles suggest that a particular barrier may be especially important in that market sector, while empty circles suggest that the barrier may be relevant but perhaps not paramount.","In the Energy Savings Performance Contract process this plan is finalized.","The contract shall provide for a guarantee of savings to the agency, and shall establish payment schedules reflecting such guarantee, taking into account any capital costs under the contract.","As interest in efficiency financing growsand the number of efficiency financing initiatives growsstate and local governments should assess these financing products in the wider context of financing products available to their target markets.","Continue to update the opportunities list and work with onsite staff on a routine basis to solve issues and drive savings.","Liability as required by State statute, including occupational disease, covering all employees at the work site.","The City reserves the right toreject all proposalsat any time, or to cease negoations over a contract at any time.","Credit enhancements may be an effective way to access pools of lowcost private capital, at low risk to utility billpayers, while maintaining program flexibility.","The Investment Grade Audit developed will serve as the basis for energy cost savings of the Performance Contract and the Guaranteed Results.","The FAR instructs contracting officers to require offerors to submit the smallest amount of information necessary to determine price reasonableness.","GSA cannot use excess savings in one year to cover a savings shortfall in another year.","ESCOs should have a section that initially defines the financing arrangement of the energy saving projects.","All payments are subject to the general Remedies section of this Contract.","Reviewers can then move on to check other prices.","The agency may also require a separate bond to cover the value of the guaranteed savings on the contract.","All responses and accompanying docuentation will become the property of the City at the time the proposals are opened.","Property and Equipment Accounting.","RFP document found on the SEO web site.","CONTRACTOR at its option, in consultation with the CITY, may make a baseline energy use adjustment to account for a changeuse at any facility.","Maintain a clean environment for the equipment to operate.","The IGA is conducted to analyze all costeffective EEMs for the systems identified in the IGA proposal.","To date, it is unclear whether SIR requirements correlate strongly with superior loan performance.","Timeof the Contractshall be mae as a rsult.","NOT appropriate funds to make lease payments because the loss of the financed property would adversely affect the operations of the municipal entity.","The membership of the League, meeting at the Annual Conference, adopts the and federal legislative issues of importance to cities and towns.","The additional drawings and instructions thus supplied will become a part of the CONTRACT DOCUMENTS.","The highupfront cost of some energy efficiency measures orprojects alsolimits the adoption of energy efficiency.","MDA Energy Efficiency Lease Program: Fact Sheet.","Boards are required to approve the Energy Services Agreement and Financing contract, which may also require public hearings.","ESCO is contractually bound to provide.","In no event shall the have any obligation to compensate the for delays arising pursuant to the failure or refusal to complete the Work and damages arising in connection therewith.","Please enable Cookies and reload the page.","Our contract is renewable every three years.","However, it is important to recognize that specialized efficiency products may not always be preferable to traditional financing products simply because of their positive features.","Split Incentivesbill and PACE areeach sometimes discussed as offering potential solutions to the problem of split incentives, though actual examples have not been well documented to date.","An example is the DOE Energy Management Program, which had previously provided funding to DOE sites for energy efficiency improvements.","This provides for efficiency in the expenditure of state funds in its capital improvement program.","Significant changes in the amount of equipment or lighting utilized in the facility.","CONTINUE WORK EVEN IF PAYMENT DISPUTED.","The ESPC program authorizes Federal agencies to enter into contracts under which the contractor is paid from money saved as a result of energy efficiency improvements implemented in Federal buildings.","Untapped potential of commerical buildings energy use and emissions.","State governmental unit or the qualified provider may terminate the project without incurring any additional obligation to the other party.","Section VI details the Criteria used for evaluations of submittals.","Renewable Energy Generated On Site.","Southwest Energy Efficiency Project.","Changes in the operational schedule of the facility.","These could reduce the amount that the building owner can borrow or prohibit them from borrowing at all.","Analysis of the Funding Options Provision The meaning of the FUNDING OPTIONS provision is not clear on its face.","If current staff is available to be trained to perform the preventive maintenance and testing procedures, thenmeasured cost of a performance contract would improve the justification basis of the energy saving measures.","Ensure this cannot ever halt page execution.","Accounting treatment of specialized products is less certain.","The scoring weight is listed for each criteria.","If the engineer you hope to involve is not on the list, the firm can seek to be qualified, but the ESPA process will be delayed by approximately two months, and there is no guarantee they will be successful.","Unresolved issues should remain openfrom meeting to meeting until closed or resolved.","List of Figures and Tables.","Name of Signature: _______________________________Title: _______________________________If awarded a contract and purchase orders are to be directed to an address other than above, indicate mailing address and telephone number below.","CORPORATE AFFILIATIONS: Explain the affiliation of your company to a larger company, subsidiary, independent arm of utility company, etc.","Attached supporting information shall be presented to identify portions of ECM or project expenses included in proposed bonded amount.","At the end of each performance year provide data related to actual performance of the project.","In the event that a participant fails to make payments, the loan would enter a collection function just as any unsecured loan and not connected to utility service.","Facility Owners should check with the organizations for any additional requirements.","Incoming changes to accounting rules may materially affect energy performance contract structures and risk allocation.","Conclusion Energy Savings Performance Contracts are successfully used by governmental entities across Texas to save taxpayer dollars by conserving energy and water.","Green Bonds are bonds used to raise money for green activities as declared by the issuer.","Provide a detailed preliminary savings Measurement and Verification plan for each proposed ECM.","Provide a brief overview of your sample Investment Grade Audit.","ESCO and shall have such warranties as are extended to ESCO by the respective manufacturer.","The Operational Savings specified herein are stipulated, will not be measured, monitored or verified by ESCO, and are considered satisfied effective on the Commencement Date.","For example, funds appropriated for a demonstration project cannot be applied to an ESPC.","Note: The proposed savings for each ECM are included in the contract as well as the guaranteed savings.","If fees cannot be financed, arrange for the fee to be paid from savings that occur during the construction period.","Several program features may have constrained adoption.","The purpose of this is to enable confirmation through open book pricing.","PACE allows for costs to be passed through to tenants when tenant leasing arrangements include the responsibility to pay property taxes.","Some interesting trends are observed when we segment projects by retrofit strategy.","The contractor shall prepare the appropriate applications required for the various rebates, incentives, and funds for Government submission, unless others prepare the application as part of an ESPC or utility privatization project.","The date, time, and place where proposals must be received.","The contract or the task order should also provide guidance on using the annual report to reconcile payments made to the ESCOfor previous billing periods.","With PACE, consumersmay haveincreased confidence that they will only be responsible for making PACE payments while they are occupying the property and benefiting from the improvements.","Were there tax savings through the local government unit for equipment and materials purchases?","Comparison of proposed prices with independent Government cost estimates.","Thus, PACE has the potential to expand access to clean energy financing beyond highly creditworthy consumers.","These agency responses are included in this report as appendixes III, V, and VII, respectively.","Price Reasonableness Working Group The Federal ESPC Steering Committee authorized the formation of a Price Reasonableness Working Group to address this issue.","For example, obill financing is sometimes paired with flexible underwriting criteria based on utility bill payment history.","WORK or materials abused or neglected by CITY.","Issuer in the Building separate from the Energy Service Agreement throughout the duration of that agreement.","COMMISSIONING SPECIFIC EXCLUSIONSThe commissioning scope only applies to components and systems specifically included in this scope of work, all other components and systems are excluded.","Under a typical agreement, the ESA provider develops, finances, and operates projects, with the customer paying for these services through a services charge based on realized savings.","Employ a licensed engineer for the energy audit and construction.","Efficiency improvements may often be a part of these improvements and these products may be often be used for emergency replacement of measures like boilers.","Issuershall not be obligated to pay any amount to the ESCO for services performed or expenses incurred by in performing the Energy Audit and Report required under this Agreement.","However, if the ESCO plans to provide training to the Owner, the burdened labor cost for such training shall be included in this line item.","For many projects, savings may be verified with a minimum of measurement and at a minimum cost.","There are three primary statutory limits on how an ESPC can be funded.","Require that the ESCO identify all potential rebates and incentives for the ECMs implemented and assist with documentation and application for such incentives.","The Government may use various cost analysis techniques and procedures to ensure a fair and reasonable price, given the circumstances of the acquisition.","ESPC is implementedto show the savings were achieved.","In this event, the Issuershall not be obligated to pay any amount to the ESCO for services performed or expenses incurred by the rforming the Energy Audit and preparing the Report required under this Agreement.","Regularly monitor energyuse and resourceconservation practices and providefeedback to the owner.","At the end of the ESPC, the customer owns all of the improvements and receives all of the continuing savings.","Inspection and compliance certification for State governmental units.","AEMguaranteed savings are predicated on the Citymaintaining their responsibilities as provided in the AEMScope of Work.","Tax Reforms to Advance Energy Efficiency.","Why Use a Secured Loan?","By statute, the guidelines govern statelevel contracts, and by extension serve as an essential reference for other public sector entities considering an ESPC.","The assignment of a unique ECM number will identify each type of ECM that can be categorized by like parameters so that measurement and verification methods are distinct for each energy conservation measure category.","Connecticut used this approach with its Commercial PACE portfolio.","Even after this initial rulemaking, however, agencies did not widely use ESPCs, largely because negotiating an ESPC was a highly technical and difficult process.","Schedule C, the amount of all costs incurred in correcting deficiencies made necessary by such neglect or failure.","CONTRACTOR agrees to require all subcontractors at thetime they are hired for this project to sign a Certification of Legal Work Status andsubmit the Certification to CITY prior to any work being performed by thesubcontractors.","Each energy or water conservation measure must comply with current local, state, and federal construction, plumbing, and environmental codes and regulations.","BENCHMARKS: A MORE RIGOROUS APPROACH TO PRICE ANALYSIS.","ESPCs are in many cases the better value.","This person should be able to provide basic information about facility operations, maintenance practices, and existing problems associated withbuilding comfort, high energy consuming or faulty equipment, and other issues to be assessed.","The role and impact of enabling policies on ESCO industry development.","ESCOs involved in retail energy supply.","Performance contractors implement energy saving projects and guarantee annual energy savings, which pay for the project financing.","Please change your search terms and try again.","Also comment on your ability to competitively select subcontractors.","Project Scope for This Project.","Issueris clearly understood by both parties hereto that, if the Parties successfully negotiate and execute an Energy Services Agreement, no payment shall be due for the Energy Audit or Report under the terms of this Agreement.","The shall promptly notify the of any suits or claims.","Date of Notice___________Notice is hereby given that Customeraccepts the Project and establishes an Energy Performance Commencement Date of ______________.","Energy Savings Performance Contracting project, the parties intend to negotiate an Energy Savings Performance Contract under which the ESCO will design, procure, install, implement, maintain, and measure and verify savings from such energy, water and operating saving measures.","Drawings, plans specifications, shop drawings, product data, andwhere appropriate or reasonably required, productsamples.","Include a copy of the escrow agreement as part of the response documents.","GESASealednot cover upfront project costshelps customers find financingand performs the wor.","If water savings or maintenance savings are included in the project, the baseline data also includes water cost and consumption as well as maintenance costs and frequency.","An organization that takes out a loan to finance energy efficiency, however, increases the amount of debt that must be accounted for on their corporate balance sheet.","In effect, it would pay a client to make his or her building more energy efficient.","The issues and expectations of partial payments should be defined in the financing section of the ESP and agreed to by the client agency.","For example, ECM No.","This table is intended to be illustrative; stakeholders may wish to conduct a similar exercise in their own jurisdictions.","Should state or local funds be lent out directly, or used to attract private capital from other sources?","How did you qualify the ESCOs?","New business models for energy efficiency.","Kw demand monitors are on all meters.","Why Would Customers use an ESA?","EPC provider, especially where this could impact on maintenance operations and possible staffing requirements.","MEASUREs is processed earlier or later than anticipated.","Details of their approaches are described below.","There needs to be people that are fairly involved in the process to cover the likelihood of someone leaving.","Technical Audit and Project Development Agreement will be negotiated.","No guaranteed energy savings contract shall be awarded by any governmental unit unless at least two proposals have been received from qualified providers.","Functionally test the chiller and chiller plant per the final design sequence of operation.","Attachment BCost and Pricing Definitionsthe finance company to assure that the potential added measures are acceptable to the finance company.","The description of each measure then follows the table.","The precise terms and provisions of such an ESA shall be set forth in a separate agreement.","Certification of Substantial Completion shall be executed.","Entities that do not have sufficient capital to purchase and install energy efficiency upgrades themselves may seek to borrow money from other sources.","The following questions were developed to learn more about some of the details of the implemented PC projects.","Inefficient equipment, frequent maintenance service, and operational inflexibility for time and temperature changes make this a prime candidate for upgrading.","At the end of the contract term, payments to the ESCO cease and the additional savings accrue to the agency.","HUD program in that Fannie Mae insures mortgage products of approved lendersandalso agrees to buy the loans from participating lenders.","Ask how the project was financed.","INSPECTING OFFICER until completion of the Project.","State the location of your nearest servicing office.","Source ofapital Historically, onbill programs have utilized public, utility customer, or shareholder capital to fund loans.","Program administrators should also examine regulatory requirements associated with making eligibility decisions for consumer credit, such as the Equal Credit Opportunity Act, state licensing requirements.","For Further Information Contact in Federal Register documents.","The feedback from interviews has been documented to provide insight and seek continual improvement in the performance contracting process.","Such procedures and methods shall provide for the calculation of energy savings based on sound engineering and financial practices.","An energy savings performance contract may not be entered into unless the contract has been approved by the State Energy Conservation Office.","Evidence from our survey of companies that performance contracting is declining in market share is corroborated by trends in our project sample.","Application for Approval of GESC.","Cityloses some design control.","ESCO and individual experience and capabilities not to ignore the importance of having a contractual agreement that will allow recovery if requirements are not satisfied.","Cost shall be inclusive of all services related to the Scope of Work.","The agency avoids the cost of expanding the water treatment plant.","An example would be the solicitation of price quotes from other suppliers.","Switchboard: Natural Resource Defense Council Staff Blog.","Means, Marshall and Swift, and Craftsman.","Agencies, municipalities, and public authorities are encouraged to consult with and seek advice and assistance from the New York state energy research and development authority concerning energy performance contacts.","ESCO compensation figures, cashflow projections, and projected Net Present Value of any cumulative positive cash flow benefits to the City.","Neither the LOSRC, WRP personnel, nor the authors of this report are responsible for practices or procedures implemented by individual firms.","California Property Assessed Clean Energy Program.","Failure to timely provide such good faith survey shall result in an equitabustment to Time.","The ESCO determines that even though it can guarantee a savings in energy costs, that amount would be insufficient to cover the costs associated with performing the Audit, installing energy conservation measures and related training, maintenance and monitoring services.","The department of commerce may require thirdparty verification of savings if a project is not implemented by an energy savings performance contractor selected by the department of Enterprise Servicesthrough the request of qualifications process.","The obtain and pay for all necessary permits and approvals for the design installation and operation of the ECMs.","Department of Energy funding mechanisms, potential grant money, and other opportunities from available sources.","Comparison of proposed prices received in response to the solicitation.","GSA also commented on its participation in utility rebate programs.","This line item cannot be a repeat of training provided directly by subcontractors in subcontractor costs.","Owneractivities such as: management of additional energy and water projects, monitoring of installation and performance of Contractor projects andintegration of other identified capital needs with Contractor projects which may or may not contain energy and water saving opportunities.","Any inflation rates shall be preapproved by City and shall be based on a recognized industry standard, such as the Consumer Price Index.","The State Treasurer serves as Chairman and selects the Secretary of the Commission, who heads the administrative staff serving the Commission.","Monthly Reports: The contractor shall submit a report each month that clearly documents all work performed under this statement of work.","This site visit is mandatory.","After the contract ends, all additional cost savings accrue to the agency.","Reference to these documents and departments as approval partners development of technical audit documentation for specification and design should be acknowledged as a requirement of approval and certification to proceed.","Describe longterm servicing of equipment and systems.","ESA or MESA providerto implement energy efficiency measures for a customer who then pays for those measures through the resulting energy savings.","Provide detailed supporting calculations for any proposed maintenance, material or other operational savings.","Today, ESCOs may be concerned that Facility Owners have already implemented the quick payback energy saving project before working with ESCOs.","Statement of Financial Accounting Standards No.","Con Edison is a federal contractor subject to VEVRAA and desires to receive priority referrals of protected veterans.","ESPC varies by project based on the complexity of the technology, the payback period, and other needs of the city.","Many factors can influence how much energy a facility uses, such as technology, weather and the number of staff using a site.","Were there equipment energy efficiency benchmarks tracked for operational performance?","March print issue of The Energyst.","One such requirement isfor the ESCO to prepare an ECM Quality Control Plan and submit it to the agency for review and acceptance.","ESPCs appear to be more expensive.","In emergencies affecting the safety of persons or the WORK or property at the site or adjacent thereto, the CONTRACTOR, without special instruction or authorization from the INSPECTING OFFICER or CITY, shall act to prevent threatened damage, injury or loss.","The Schedules provide the critical details that define the project, operations and management.","These requirements should be reviewed in detail with the ESCO at the start of the Technical Audit and the development of an Investment Grade Project Cost.","Each modification should be tracked with the appropriate documentation.","Simple payback analysis does not take into account the time value of money.","Services are being provided long before construction is completed, when the fee is collected.","Project costs and savings are guaranteed through the ESCO, whichserves as a single point of accountability.","Substantial conformity with the specifications and other conditions set forth in the request for proposals.","To the degree possible, seasonalequipment energy use should be measured during the appropriate season.","The HERS rating and home inspection were particularly burdensome.","The analysis of the utility bills included correlating the utilities to the actual daily weather data.","Local Government Units of North Carolina and gives further evidence to the range of expectations and results obtained.","The CONTRACTOR shall be solely responsible for maintaining a safe Project Site by complying with the traffic plan, all safety standards, and by keeping all stockpiles, debris, construction materials, and temporary facilities out of the clear zone.","Energy cost escalation will extend this growth further.","In order to reliably use billing data as a baseline, we must establish that these other factors small impacts compared to the efficiency measures or determine a method to adjust for their effect.","The shall be responsible for all loss or damage to the Work, the Premises or to improvements or personal property thereon and the work of other Companies caused by the performance of the Work.","Following is a Client Maintenance Template for use in a spreadsheet.","Lighting and people density, plug loads, and miscellaneous loads were obtained from site surveys.","Guarantees are governed by contracts and we scrutinized our legal documents through internal resources and via the LGC.","Agreement and for a minimum of ____ years following completion of the Agreement, to inspect, audit and obtain copies of all books, records, and supporting documents which ESCO is required to maintain according to the terms of this Agreement.","Please enter your comment!","Should the Cityagree to accept risk for weather fluctuations, it shall be contingent upon aggregate payments not exceeding aggregate savings.","Note impact of maintenance deficiencies on generation of savings.","Additionally, residential ESA proponents point out that state public utility commissions could promote this ESA model by requiringutilities to make historical utility data more easily accessible to the account holder.","Were the guaranteed savings escalated over the life of the contract?","The shall demonstrate that all ECMs installed comply with the requirements of the Project Documents.","Clarify who is responsible for initial and longterm performance, how it will be verified, and what will be done if performance does not meet expectations.","Such information will become part of the RFP.","If there are such data, the contracting officer shall attempt to obtain them and negotiate, using them or making satisfactory allowance for the incomplete data.","Number the pages in each section consecutively.","We found that PBS did not realize savings to fully fund payments for two of the seven ESPC projects we examined and that it did not have evidence at other projects were meeting their perationand aintenancesavings.","The contract administered by the inance irector.","No profit can be included in this subtotal for the ESCO or any close affiliate, parent, or subsidiary entity belonging to the ESCO.","Require that the ESCO provide a guaranteedmaximum cost for the project that includes installation costs.","This allows the ESCO to negotiate costs based on best value, not requiring advertisement for bidding and award to lowest bidder.","These initiatives have led to widespread reductions in energy use across the government; however, these energy reductions cme with funding challenges.","There is nothing to follow.","See figure in printed edition.","ESPC ENABLE programs in the implementation of energy and cost savings projects at federal facilities.","What is a Secured Loan?","NOTICE TO PROCEEDfurnish the CITY with a Perfoance Bond and a Payment Bondin penalsums equal to the amount of the CONTRACT PRICE for the completion of the physicalconstruction work per the approved contract documents.","An engineer who reviews a contract shall maintain the confidentiality of any proprietary information the engineer acquires while reviewing the contract.","Some respondents indicatedthat users of FHA products are not a good target for energy efficiency upgrades.","One recommendation is to perform periodic, scheduled updates through the life of the improvements.","Verification of the comfort conditionsthat will be maintained at the facility.","Any payments made or to be made to CITY under the terms of this Performance Guarantee shall not exceed the Guaranteed Savings for the particular Performance Period in question.","ESCO partner can help the city stay on track with savings and make a wellinformed decision to end the service.","At this stage, it is highly possible that a third party consulting engineer who specializes in energy assessments would be worthy of consideration.","Such subcontractors may include lighting contractors, sheet metal contractors, piping contractors, electricians, plumbers, carpenters, controls contractors, and other trade contractors as necessary to complete the Work.","Further, we will assume that your failure to attend the preproposal conference is an indication that you expect us to review your proposal as if you had taken advantage of the preproposal conference.","Investment Grade Audit process.","Energy Audit Report and the provisions of this Agreement.","EMS remotely from outside the intranet, and from a central control point.","Displayed here are Job Ads that match your query.","VITIELLO is a Partner in the Construction and Commercial Litigation practices with Chamberlain Hrdlicka in Atlanta, GA.","Knowledgeable of control systems and automatic setback systems to save energy.","Recommendations for replacement of existing equipment, along with recommendations for improvements to existing equipment and operating conditions.","Did the ESCO submit a work schedule and time of completion?","What were the reasons for going with performance contracting?","These financing products can be used to promote energy efficiency by overcoming barriers to investment in efficiency.","Provide manufacturer contact information, return addresses and instructions.","PACE in Florida has been stalled by several law suits, some of which have been resolved.","Clarity of responsibility between city staff and the ESCO is crucial, especially in regard to maintenance.","The first four columns contain the location of the project, the date the equipment was installed, the total capacity replaced, and the total contract cost.","However, the goals of the two reviews and expected levels of effort for each are very different.","The result for Nicor Gas, one of five participating utilities, was that no measures qualified for bill loans.","The steel support frame will be modifiedto accomplish this scope of work.","The level of payments is made contingent upon the measured energy cost savings or energy reduction.","Recommendations of the Climate Action Leadership Committee and Community Advisory Committee.","Otherwise the forced loading requirements needed to simulate normal seasonal operation should be clearly defined in the plan.","Super ESPC process, but is generally applicable to all federal ESPCs.","The total collective lighting scope of work should be treated as a separate evaluation for simple payback and energy savings.","Use the PDF linked in the document sidebar for the official electronic format.","In some cases, utility bills may increase even when the ESPC is performing as expected due to changes in building use and operation after construction.","Earlier this year, President Obama issued an executive order that requires the improvement of energy efficiency in federal government buildings and an increase in power from renewable sources.","ESCO has plenty of work and does not need the extra business.","In calculating any reduction in water savings, ESCO will use the lesser of the then current applicable utility rate unit cost or the Base Utility Rates described herein.","DOE requires this information to be included on the DO schedule to facilitate price reasonableness determination.","Additionally they should seek to find areas where ESCOs, or a trusted thirdparty, may be able to support the city in filling any knowledge or resource gaps through additional training or support.","The Evaluators would submit their results for each firm.","Sect proposals and some of the options available for scoring the responses.","The warrants that all materials and equipment installed as part of the Work will be new unless otherwise specified, and that all work will be of good quality, free from faults and defects and in conformance with the Project Documents.","Administration of public purpose programs varies by state.","Upon completion and acceptance of each separate building, public work, ordivision of the contract, payment may be made in full.","CONTRACTOR shall, if requested, furnish evidence of thequality of any materials.","Unless compelled by a court of competent jurisdiction, there may be no release of this data to the public without the written consent of the Recipient and DOE.","Barriers to implementing energy efficiency projects in the private sector fall into three categories: awareness, standardisation, and financial.","ESCOs responding to the RFP.","Bill Finance and Repayment What is Onill Finance and Repayment?","Others have experienced this as well but the contractor was not aware of this problem before.","Large equipment manufacturers dominate the market; however, greater level of adoption is seen by contractors and engineering firms to become integrated solution providers for energy contracting.","State and Local Energy Efficiency Action Network.","It is likely that a significant amount of residential energy efficiency is financed through home equity loans, HELOand other secured loans that are not promotedexplicitly as energy efficiency loans.","Total dollars deployed may be larger than this, due to leverage from private capital partners.","The scope should include the number of square feet of the facilities to be investigated.","PACE is a relatively new financing product that has faced significant regulatory challenges.","The documents draw from successful programs in various states and are continually updated to incorporate the latest strategies.","These criteria will be applied and interpreted solely at the discretion of Owner.","This lineitem shall include an average amount of insurance that would be attributed to this project.","Capital for the GEOSmartclearing house comes from many major capital providers including Wells Fargo and Enerbank.","For each ESCO, we collected information on the total number of projects completed, annual project revenues over time and their mix of products and services.","The City shall not be responsible for any disputes arising out of transactions made by others.","The handle incorporates the unique double seal protection for longer life of the fixture.","The projects mostly involve installation of LED lighting at company sites around the country.","Leased equipment must have at least one year of useful life at the end of the lease term.","The standards of comfort and serviceappropriate for the facility.","Has the proposer made guaranteed payments in a timely manner if applicable?","An ESPC, or Energy Savings Performance Contract, is aimed at eliminating the fiscal constraints that can stop a project before it is even conceptualized.","New York state energy research and development authority.","The own is in the early scoping stages and is open to opportunities that would simultaneously accomplish needed renovations, reduce energy use, save money and possibly use renewable energy.","State of North Carolina.","The contractor should consider upgrading equipment, replacing equipment, revising maintenance practices, optimizing facility operations, or other means to minimize utility costs.","Describe how performance criteria have been met.","It provides access to capital, expertise, manpower, and typically guarantees you a given amount of energy savings.","HELOCs are open for a set amount of time with a set limit of credit at a variable interest rate.","The price competition between offerors and the independent government estimate provide assurance that the prices received are fair and reasonable.","Invoices and Payments The agency contracting officer formally accepts the operating project.","Prepare the Annual Report as presented below.","First, to calculate the total proposed cost, a share of survey costs must be added to the implementation price.","Regardless of size, financial stability and prior ESPC experience are usually the top two categories for prequalification of ESCOs.","Premises which are available and which relate to work being performed by other Companies at the Premises.","Subcontract competition could take place before the award of the delivery order.","Secured loans and PACE are highlighted because the security associated with these products tends to allow for longer terms and lower rates without credit enhancement, which may facilitate more positive cash flow arrangements.","To be a strong negotiator, one must first develop First, you must consider outcomes in advance.","Reasonable fees, structured with a program to insure its economic sustainability, may be the difference between the completion of great projects with mitigated risks for end users and providers alike or any ESPC program at all.","Renovation Mortgage to their primary mortgage.","What is the cost of using these sources?","CONTRACTOR may be suspended from participating in future projects with CITY.","It may be determined after this evaluation that there is not enough energy saving potential to warrant performance contracting and that conventional contracting will best fit the need for the work to be performed.","With an Ameresco ESPC, customers can renew facilities and reduce energy costs without the need for capital expenditures and the political complications that arise during the budgeting process.","SHOP DRAWING shall not releasethe CONTRACTOR from responsibility for deviations from the CONTRACTDOCUMENTS.","The Military Construction Program is another source of energy conservation funds.","Agreement and shall provide that the subcontractors are subject to all the terms of this Agreement.","Legislation can lock in key program design features so policymakers should be informed about key program design features, and their tradeoffs, before codifying them into law.","He had worked for us for a number of years.","Define key system performance factors characterizing the postinstallation conditions such as lighting intensities, temperature set points, etc.","Federal ESPC Steering Committee, which cover price reasonableness determination for financing costs, are reported in Reducing Financing Costs for Federal ESPCs, available at www.","In recent years, more onbill programs have attracted private capital instead of public funds; these are known as onbill repaymentprograms.","The study also discusses growth opportunities and how participants can capitalize on these emerging opportunities.","ESCO reserves the right to remove such items at its discretion.","Executive Summary: Provide an executive summary which describes the buildings, measures evaluated, analysis methodology, results and a summary table presenting the cost and savings estimates for each recommended measure.","Excess savings will be retained by City and will not be allocated to shortfalls in savings in other years.","ESCO industry trends and performance empirically, and consists of two parallel analytical approaches.","Facility, and description of energy management procedures presently utilized.","It is recommended that the GRC and its staff continue to monitor this issue and consult with its network of partners as the FASB issue develops.","Any Activity required by Client, if applicable.","For example, lighting upgrades may begin generating savings as soon as they are installed.","FEMP ESPC project requires no extraordinary measures and no procedures beyond standard accounting practice.","Preparation is the best defense against dirty tricks.","Trying to learn more about Energy Performance Contracting?","Payment for thisservice and report will then be billed and due days from billing date.","RCW authorizes the State Treasurer to enter into financing contracts for the state or on behalf of another agency for the use and acquisition for public purposes of real and personal property.","List of Commercial PACE Programs.","Were cost savings tracked for each ECM or collectively?","It also allows the adjustments of cost to rate schedules changes that occur over time and to weather conditions that affect consumption.","The amount of money spent on energy efficiency through ESPCs is far greater than what is spent on all other specialized efficiency financing products.","Parties acknowledge that such changes may impact the Energy Savings and related Guarantee, and the agreed upon changes to such savings shall be noted in the Change Order.","The Signature section contains the name and title of the person, as determined by the agency, who signed the submitted document for publication in the Federal Register.","Integrate into existing Building Automation System front end.","DOE provided some editorial changes, also included in the report where appropriate, and elaborated on some concepts in the draft report that it believed could be misleading.","NYSERDA for its energy performance contract.","Sky Regional Council embarked on a process to capture lessons learned experiences in performance contracting in the public sector.","In order to participate in this Contract, a political subdivision or nonprofit educational or public health institution must agree to the terms and conditions in the solicitation and the Proposer must be in agreement with the cooperative transaction.","This information shall be updated and submitted each month thereafter with the monthly report for the duration of this task order.","The construction contract would then be referred to in the body of the contract and attached as an exhibit, appendix or other type of attachment.","Indicate the envelope components of the building if important to any final energy conservation measure.","The client agency makes the final ESCO selection.","They can be easily customized to meet the needs of any state energy office or similar Citydepartment.","FHA is a loan insurance program.","WORK to be performed and has been executed by the CITY and the CONTACTOR.","Premises, not covered by Schedule B, whether structural, operational or otherwise in nature which reasonably could be expected, in the judgment of the ISSUER to increase or decrease annual costs of energy usage.","ESCO investments, it is important to note that customers that implemented ESCO projects represent a small fraction of all commercial and industrial electricity users.","The team should begin considering how the price reasonableness determinations will be made for these services.","When submitting a proposal for the installation of equipment, the qualified provider shall include information on the projected energy savings associated with each proposed energy cost savings measure.","The shall consult with the personnel designated by the in order to coordinate the Work, including installation of any ECM, and to provide appropriate training in the operation of any ECM.","The list should only list facilities that were included in the final energy performance contract agreed scope of work.","Differentiation of Your Firm.","This trend suggests that performance contracting may not be a primary source of future growth for ESCOs.","Super ESCOs anticipate this inexperience and provide standard contracts that are customisable for public agency requirements.","Will ESCOs be interested in our projects?","However, by not attending the preproposal conference, your firm is responsible for obtaining solicitation amendments from the website or by contacting the contracting officer.","Finally, the PMOshould increase its monitoring of ESPCs after award.","Pursuing energy efficiency at our water sector systems can significantly reduce operating costs, while mitigating the effects of climate change.","Energy Star Label and LEED certification.","Payments to the for the Work shall be made by the ISSUER in the amounts and in accordance with Schedule C hereto.","Agreement, such agreements may contain different provisions than are provided herein with respect to extensions of schedule, time of completion, payments, guarantees and matters not affecting the quality of the Work.","ACEEE believes that the United States can harness the full potential of energy efficiency to achieve greater economic prosperity, energy security, and environmental protection for all its people.","Include all postinstallation measured values.","The acquisition team should establish early on that one of its key objectives is to obtain fair and reasonable prices for the equipment and services that are being contracted for.","ECM Locator Acquisition team members may be able to use price information from past energy projects at their own facility, or pricing or benchmarking information maintained at the agency level.","For twoof these ESPC task orders, wfound that PBS didnot achieve the level of savings necessary to fully fund payments.","You must be eligible to work in the US independent of company sponsorship.","As a result, ESAs are uncommon in the municipal market and other markets with a low cost of capital.","Thereafter, if work is deemedsatisfactory, no more than percent may be withheld.","Accessible on the worldwide web at: www.","After just a few years in operation, with staff turnover and other operational issues taking precedence, many of those projects were no longer being monitored.","Fixture replacement and retrofit is based on like for like replacement.","CONTRACTOR shall prepare staging and sequencing plans for the WORK and shall submit them two weeks prior tocommencing construction.","The higher the number, the higher the importance.","Often ESCOs propose repairs to existing systems, such as reinstallation of damaged or missing controls or repair of leaks in chilled water piping.","Keep in Touch with Service Providers The ESCO can be an ally following construction, providing continued engagement and guidance.","Such bypasses or detours shall be removed promptly when in the opinion of the Inspecting Officer, they are no longer necessary for the satisfactory progress of the WORK.","The application of audited or negotiated indirect cost rates, labor rates, and cost of money or other factors.","How do we know that our needs will be attractive to multiple ESCO proposals?","Summary of Applicable FAR Proposal Analysis Techniques.","UCCs are commonly used with commercial equipment, like a chiller.","Vice President of Community Development, Renovate America.","Less common ECMs such as geothermal heat pumps or combined heat and power equipment may require review by independent experts such as DOE National Laboratory personnel.","Develop consensus across the various federal ESPC IDIQ programs on how price review will be performed by all going forward.","Contract shall remain in full force and effect.","Adjustments to allocations in the affected accounts may be necessary if the FEMP ESPC projexpenses in a given category.","Coordinate with City IT department on Ethernet cable drop location.","This choice may lead to higher interest rates.","Often these questions were reserved for in depth discussions when time was given to research the issues further.","One of our contributors encouraged awareness of alternative, marketavailable contract models that are similar to the legislativelyenabled ESPC, but may diverge from standard contract arrangements.","PACE advocates are investigating this issue.","If the ESCO finances or causes the project to be financed, the client agency will retainthe right to buy out the financing agreement at any time.","At a minimum, the technical analysis should examine the types and quantities of material proposed and the need for the types and quantities of labor hours and the labor mix.","DGS holds the fees in an escrow account which is carried through over multiple years in order to make payments to the consultants when needed.","The ESCO shall ensure that all materials used by the and its subcontractors and workmanship performed or caused to be performed by the in connection with the Work meets or exceeds all applicable codes and is performed in a workmanlike manner.","The length of the financing agreement is usually capped by legislation.","Sequencing of construction as described in this Section is intended as a guidelinefor the orderly execution of the WORK.","The program uses a weather file representing the average temperature profiles for Raleigh, North Carolina.","The report is not required to show that theproject met savings for each ECM but that the project achieved the overall cost savings guarantee.","Said data may include, but is not limited to, copies of requisitions from Subcontractors, invoices for material purchased, and photographs clearly showing the work for which payment is requested.","It is highly recommended that the city conduct inperson interviews with each shortlisted ESCO and the team of staff that they will be working with directly.","Energy Services Coalition aims to make energy performance contracting one of the primary means of increasing energy efficiency, reducing energy consumption, and improving air quality in all types of facilities in every market segment.","Energy Savings Performance Contracting.","ESPC process, and unique needs of the city.","These savings are generally recurring savings that occur annually.","New York State service territory, and it has other ESA projects involving a variety of energy and water efficiency measures.","This assistance includes helping the client decide to do a performance contracting project, selecting an ESCO, entering into an audit contract, reviewing the audit, negotiating and finalizing the performance contract, participating in the design process, and overseeing construction to its end.","GSEs reiterating its original position on firstlien PACE assessments.","When contemplating various financing options, program administrators and policymakers may want toconsider the relativemagnitude of each barrier and the potential effectiveness of the proposedfinancing solution.","PBS can assess whetherthe equipment installedconformtask order terms and conditions.","Usually your state energy office will be able to give you the relevant legal guidelines, and they may be able to provide you with considerable administrative support as well.","Measuring and Verifying the savings will be required with the Technical Audit.","Facility staff will complete the checklist and forward it to the ESCO, usually on a monthly basis.","ESPCthrough the performance period.","The CONTRACTOR shall not execute such changes pending the receipt of an executed CHANGE ORDER or further instruction from the CITY.","Blending Wind and Solar into the Diesel Generator Market.","Indicate potential interaction with other MEASUREs.","In the case of a State governmental unit, proposals received pursuant to this section shall be opened by a member or an employee of the State governmentaland the contents of the proposals shall be announced at this opening.","However, many of our interviewees encouraged extensive preparation as well as ongoing internal project management as essential to the success of an ESPC.","ESCO would have interest in the projectthe greater the potential for several ESCO proposals.","ESCO when installed equipment was not functioning as intended, which then enabled the issue to be quickly resolved.","Data collection on parameters such as equipment operating hours, space and system temperatures, air flow rates, and facility occupancy may ultimately be used to create building energy use models or support other analyses by the energy consultant to establish the project.","This could be particularly useful in the near term for ESAs and MESAs since these structures appear promising, but they are relatively new to the market and to the accounting community.","Ogden City Energy Performance Contractof TITLE.","Process improvements and simplifications, while maintaining technical and project management integrity.","To date, DOD and GSA have procedures in place to allow them to use retained savings, according to agency officials.","This analysis would not have been possible without the contribution of many individuals and organizations to the data collection efforts.","Lenders are likely to protect their interests in leases that contain abatement provisions by requiring the municipal entity to maintain casualty and rental interruption insurance.","ECM, and the perceived level of risk.","Packaging and reselling PACE The use of public capital may also reduce the perception of a need for savingsinvestment ratio requirement greater than one, which is sometimes promoted as a way of protecting or satisfying private capital investors.","As the size and complexity of the construction project increases, additional program costs are applied such as safety programs with field administration and work incentive programs for early completion.","Consequently, the more energy that is saved, the larger the project can be.","Why measure and verify?","If necessary, these can be attached via appendix to the main report.","Legislation to Collect Fees: The Department of General Services, as a service agency, has historically passed on some of its cost of services to customer agencies.","Energy Rate Savings obtained for each Billing Period by multiplying energy consumption and demand for the current Billing Period by the energy rate reduction, as t, which is the amount by which the Base Energy Rate exceeds the improved rate.","In a normal capital lease or an operating lease, if a lessee wants to end their contract they are responsible for paying the present value of the remaining stream of lease payments.","REBATES, INCENTIVES AND GRANTS List and describe any rebates, incentives and grants related to thisproject.","Some of these improvements can result in low or no cost operating savings which can be used to pay for higher cost measures.","If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices.","You are linking to a photograph that is sourced from Flickr under a Creative Commons license.","Both phases should be clearly articulated in the RFP.","This service offering is concentrated among institutional customers, a relatively mature market for ESCOs.","Other rate adjustments from the utility are significantly smaller and are currently neglected.","The financial aspects and any bonded indebtedness of the transaction, whether independent of or combined with the ESCO contract, will need to be approved by the Local Government Commission.","The investmentgrade energy audit is conducted to analyze all costeffective EEMs for systems such as lighting, HVAC equipment, building envelope, steam, chilled water, domestic hot water and other water using systems, building controls, energy generation and distribution, and waste management systems.","Some observers suspect the few transfers that have occurred have occurred because this new practice may be escaping the notice of the title searches intended to identify outstanding loan obligations.","Work will be completed weekdays during normal working hours, except for facility lighting and street lightingwhich may be completed during off hours.","Project Management for This Project.","Louis PACEoffers PACE only to homeowners with no mortgages, while Vermont and Maine subordinate the PACE assessment to the first mortgage.","ESCOS r evaluation by DESprelification selection committee.","Sonoma County Energy Indepdence Program Manager.","Costs will be evaluated through price analysis to compare costs with reasonable criteria such as established catalog and market prices or historical prices.","The client agency has more opportunity, through design review, to adjust the projectwithout having to rebid.","What proof is necessary to validate a subcontractor back charge?","SUBCONTRACTORS: How do you select and qualify subcontractors?","This flexibility allows us the ability to make energy saving adjustments that take advantage of the capabilities of what was installed and it saves energy cost.","PACEbling legislation typically specifies eligible uses.","ISSUER to execute this Agreement, which representations and warranties shall survive the execution and delivery of this Agreement and the Final Completion of the Work.","This is a negotiated item for consideration prior to the award of the Energy Services Agreement.","Some Agencies may prefer to receive a more comprehensive Systems Manual, which is required for LEED certification.","Summary of proposed and verified energy and cost savings.","Ask if staff training needs were met timely and were appropriate for the staff experience and culture of the organization.","The shall perform the Work and all other services required by this Agreement.","Lighting projects require detailed quantity inventory of current lighting fixtures, lamp types, wattage of lamps, and occupancy times of use.","How long has the ESCO been in business?","Congress, uses funds generated from postal rates to implement such measures.","The shall evaluate the impact on utility cost and consumption for any energy measures currently being installed or currently contemplated to be installed by the Issuerbuilding which will remain separate from the Energy Services Agreement throughout the duration of the ESA.","Answer session following the oral presentation can be used to clarify earlier questions presented by the proposal, oral presentation, or questions that arose in discussions with references.","At present, the program will assess that flat rate for every project regardless of size.","The municipality may negotiate a fair and reasonable performancebased contract with the firm that is identified, based on the criteria that is established by the municipality, to be the firm that submits the best proposal.","This access will be maintained and monitored by IT Support.","Provide a general description of analysis methods used for savings calculations.","Billing Period to which the bill relates, ESCO shall calculate savings equal to the guaranteed energy use savings, prorated for the utility billing period to which said energy bill relates, until such time as the bills are provided.","Energy Conservation Measuresof a Certificate of Acceptance means that the contractual requirements have been satisfied.","INSPECTING OFFICER shall not be construed as a complete check but will indicate only that the general method of construction and detailing is satisfactory.","How are savings generated?","State policies to promote performance contracting.","The ISSUER shall notify the in writing when any payments are so withheld.","These activities have brought increased attention to energy efficiency financing as an area of programmatic interest.","Other Agency Requirements Specific agencies may have additional contractual, legal, and technical standards that should be reviewed and addressed.","WORK, and shall properly connect andcoordinate his WORK with theirs.","The Verified Savings will use the Baseline Utility Rate escalated at an annual Utility Escalation Rate.","The benchmarking tool converts past prices to current dollars and adjusts them for regional differences for comparison to proposed prices.","ESCO Industry: From ESCO to Super ESCO.","Tracking efficiency expenditures is difficult because agency budgets typically do not contain line items for conservation expenditures.","The shall, before disturbing such materials, immediately notify the ISSUER of the location thereof.","First, the agency accepts initial proposals and qualifications from multiple ESCOs; then, once the agency chooses one proposal, the chosen ESCO conducts a comprehensive energy audit and identifies improvements that will save energy at the facility.","All such information furnished by the is furnished without any representation as to the accuracy of such information.","This schedule should also describe any modifications that may have been made to existing equipment, if applicable.","Analysis of pricing information provided by the offeror.","Sampling biases may also be a factor as ESCOs seeking accreditation from NAESCO in recent years have had to provide greater numbers of completed projects than in previous years.","Post EPC walkthrough assessment and interviews.","In the past there have been pitfalls with Energy Performance Contracts.","Investment Grade Audit is completed Construction Management Construction manager and site superintendent Project Engineering Design engineer inspections; Engineering analysis General Conditions Miscellaneous nonstaffing costs; Equipment rentals, security fencing, etc.","Policy shall carry an AAA rating in the Best Insurance Guide.","This will allow the customer to seek the best from each proposer using the competition to improve the offering.","GUIDE TO ENERGY PERFORMANCE CONTRACTING TABLE OF CONTENTS IV.","Who was responsible for operation after post retrofit?","It can be a part of the process during the development of the technical audit and culminate at the negotiation of the final product.","Issuer and ESCO worked together to identify and quantify the Operational Savings based upon past and projected expenditure data provided by the Issuer.","Are you prepared to provide markup and overhead breakouts?","Provide a general commissioning schedule, including any seasonal testing, and outline commissioning tracking and reporting requirements, including periodic and final commissioning reports, and any other required submittals such as a systems manual.","The officials believe that it is not an attractive method to implement ECMs because of the complexity and resource intensiveness involved.","Please login to follow content.","No further adjustments to the amounts carried forward are permitted once the balance is established in the extended availability account.","The ESCO will itemize the cost and savings for all proposed measures and any possible bundling of multiple projects.","If required by the the shall furnish satisfactory evidence as to the kind and quality of materials and equipment.","These early ESCOs experienced some stutters, since the utilities were new to the business of energy efficiency.","The shall, if the ISSUER requests, remove or uncover such portions of the finished Work as the ISSUER may direct.","Management approach and relevant qualifications of key personnel assigned to the project.","Services for the duration of the contract.","This chart recognizes that buildings A thru F have the greatest energy consumption per square foot of building area and should be a focal point of initial concern by the winning ESCO.","Schedule for an ESPC project with four ECMs.","The CONTRACTOR shall provide an adequate number of trash receptacles on site.","The AEC industry has always been a stressful industry.","VPlan from a performance contracting project implemented by your company.","Details of any savings or baseline adjustments that may be required.","Determination of Amount of Savings.","Office of the Secretary of Defense vel.","This is an important step in determining potential energy saving projects and verifying and understanding benchmarking information.","Each customer will have unique requirements that will have weighting requirements that are specific to the energy saving measures to be implemented and, additionally, to the services provided to ensure success.","ESCO will maintain cost accounting records on authorized work performed under actual costs for labor and material, or other basis requiring accounting records.","Why ill bill programs may be promising for several reasons.","Why Is PACE Used?","In addition, any refunds or rebates collected, including but not limited to refunds from utility companies or maintenance contractors after the Performance Commencement Date will be added to total savings.","Payments An agency has appropriated capital improvement funding to replace an aging HVAC system with a more efficient one in a specific building.","This education may need to be focused not only on property ownersbut also underwriters, appraisers, financiers, and contractors, who all need to understand PACE to some degree to be comfortable with its use.","Existing boiler OAT reset control strategies shall remain with setpoint retuned for condensing boilers.","The ESCO takes on the technical risk.","Whether you are at the beginning of acquisition planning and considering the ESPC approach or are already underway with a project, this workshop will provide a comprehensive understanding of the ESPC process.","PACE program for commercial buildings requires property owners to negotiate the financing themselves, choosing from one of several lenders working with the city.","If yes, see Sched.","Searching for your content.","When contemplating various financingoptions, program administrators and policymakers may want toconsider the relativemagnitude of each barrier and the potential effectiveness of the proposedfinancing solution.","To comply with this requirement, agencies are in various stages of developing plans to identify energy and water conservation projects.","SECTION VIEnergy Savings Performance Contract Through the Energy Savings Performance Contract, the ESCO proceeds to final design, construction, and commissioning of the improvement measures.","The contractor has control over the selection of equipment and is responsible for its proper installation, commissioning, and performance.","Expanding Markets for Photovoltaics.","Grading, clearing, and planting operations shall not be performed in such a way asto cause water or stormwater runoff to back up onto pavement, or to cause silt ordebris to be deposited onto pavement.","What are the external forces influencing the market growth?","ECM savings will be selected to demonstrate that ECM savings are achieved.","RETROCOMISSIONINGThe following scopes are for controls only.","This contract shall be deemed executory only to the extent of the monies appropriated and available for the purpose of the contract, and no liability on account therefor shall be incurred beyond the amount of such monies.","It also affords a great deal of choice.","As such, they define the market of interest in much broader terms than our study.","Note that this conclusion is based on the advice received by TAF, and should be reviewed by your professional advisors.","National Institute of Building Sciences.","Ogden City Energy Performance Contractof SUBCONTRACTOR An individual, firm or corporation having a direct contract with the CONTRACTOR or with any other SUBCONTRACTOR for theperformance of a part of the WORK at the site.","Actual construction start and end dates.","For example, distributing costs equally among line items is not acceptable except when there is little or no variation in base cost.","City reserves the right to reduce the scope of work, to conduct the work in phases or to segment work in facilities based on technological improvements.","Guidelines provide Federal energy managers, procurement officials, and energy and guidelines for quantifying savings.","Detail proposed savings for this energy conservation measure for postacceptance performance period.","These services may include but not be limited to: engineering design, construction management, preparation of operations and maintenance procedures, training of facility personnel on new equipment or procedures, project commissioning, warranty services and equipment maintenance.","OPERATIONS WITHIN THE RIGHTWAYCONTRACTOR shall permit vehicular and pedestrian traffic to pass through andaround the Project Area safely with a minimum of inconvenience.","In the case of energy efficient equipment, leasing usually ends in the lessee purchasing the equipment.","The goal of the investigations should be to identify and recommend energy projects, programs, and initiatives.","Also describe how excess savings can be documented.","Each one is evaluated for its payback: Efficient light bulbs, for example, pay back within a few years, whereas the client could take much longer to recoup the investment on a large new water boiler.","If such changedconditions cause an increase or decrease in the cost or time of performance, the parties may negotiate a mutually acceptable solution.","Pricing Reviews for Initial and Final Proposals.","Replace existing multitube compact fluorescent lamps with LED plug in lamps.","Schools, municipalities, water districts, utilities, and government agencies all provide critical services to their constituents.","For the most part, the equipment installed and the services provided under ESPC involve systems that provide electrical service, lighting, heating, air conditioning, and ventilation for buildings.","They also may not address concerns regarding the length of borrower occupancy, split incentives, or balancesheet treatment.","The plan shall clearly identify projects to be implemented, prioritization of projects, anticipated time of implementation, and a strategy for the implementation.","If you have any questions or would like to discuss this proposal in further detail, please let us know.","ESCO solicits bids and selects subcontractors.","Utility funding or grant awards may be used to supplement the project financing.","ESPCs under the right circumstances as an effective mechanism to implement necessary facility upgrades and achieving real energy savings.","Budget Budgeting forward for the performance period is based on known quantities rather than guesswork.","All information generated during the price reasonableness determination should be placed in a file for reference.","National Some energy efficiency financing programs that primarily use secured loans have achieved high volumes, which may raise questions as to whether processing times for secured loans necessarily inhibit deal flow.","Fees typically cannot be paid in advance of services.","We recommend moving this block and the preceding CSS link to the HEAD of your HTML file.","Proposed Bonded Amount is assumed to include markup applied to implementation expenses above, unless otherwise specified by Contractor.","The ESCO is responsible for raising the money from banks, retrofitting the building and verifying that it works, demanding minimal effort from building owners.","Significant changes in the nature or intensity of energy use such as the change of classroom space to laboratory space.","Were there standards of service and comfort defined for facility performance requirements?","DOT is pursuing energy savings performance contracting as a funding source for energy conservation activities.","ESCO to ensure thorough understanding of contract elements, to discuss and negotiate project scope and costs, and to fully document the contract to incorporate project spent, as a thorough understanding and documentation of expectations could avoid future conflicts.","These cost savings typically represent costs for purchased parts and service contracts, rather than internal labor cost savings.","It required some effort to make corrections that were related to the Scope of Work of the subcontractor.","DOE FEMP has developed pricing benchmarks based on measures of size for four of the more popular ECMs: chiller replacements, lighting, variable frequency drives for motors, and geothermal heat pumps.","New Carrolton and White Oak.","Johnson Controls, Honeywell, Siemens, Trane, and Ameresco.","The City reserves the right to reject any or all submissions.","The IGA will provide detailed documentation to support of the recommendations, economic and engineering assumptions, sketches, floor plans, and any other information developed in the course of the IGA.","Taking the natural logarithm of both sides of Eq.","The Government may use various price analysis techniques and procedures to ensure a fair and reasonable price.","ESC Model Performance Contracting Procurement and Contracting Documents, www.","Even when cost analysis is used, price analysis should also be used to verify that the overall price is fair and reasonable.","The analytical techniques and procedures described in this subsection may be used, singly or in combination with others, to ensure that the final price is fair and reasonable.","Questions prompt answers, and with them, valuable information.","Proposals become the property of the Owner.","If the proposal fails to conform to the essential requirements of the RFP, the Owner will have final and complete decision as to whether the variance is significant e and thereby rejected.","Some onbill programsalsouse cashflowpositive structures.","This can be very time consuming and involves manytechnical details.","In contrast, operating expenditures are treated as shortterm obligationsthatdo not encumber future cash flows.","Agreement provided that any replacement ECM shall be new and have equal or better potential to reduce energy consumption at the Premises than the ECM being replaced.","An increase in taxes is not necessary since the guaranteed energy savings equal or exceed the sums to fall due under the Contract.","VARIABLE AIR VOLUME BOX DISCHARGEAIR SENSOR INSTALLATIONProvide discharge air temperature sensor on VAV boxes in select buildings.","The agency may use this information for future projects.","We are still checking for reasons.","An online version of this fact sheet is available at www.","Appendix in Federal Register documents.","The agency is responsible for contract administration for the entire term of the contract.","This may affect how secondary markets view such loans, a fact that program administrators should consider when designing an efficiency financing product.","The repayment schedule is based upon the projected savings.","In the example to follow, ten criteria have been listed.","Impact of REEP incentives on simple payback time.","Many computerized accounting systems can handle and track these transactions automatically.","He will give the INSPECTING OFFICER prompt WRITTEN NOTICE of significant changes in the WORK or deviations from the CONTRACT DOCUMENTS caused thereby, and a CHANGE ORDER shall thereupon be issued covering the changes and deviations involved.","Assimilating data, such as utility bills, consumption data, facility drawings, etc.","Under the technical package, the insurance provider covers the ESCO or technology provider in the event that promised energy savings are not achieved, assuming the technical risk associated with efficiency projects.","In cases where a project does not achieve the guaranteedsavings, the ESCO typicallymakeup the financial shortfallto the customer.","Using financing can potentially enable more consumers and businesses to invest in energy efficiency.","ESPC Appendix and Schedulesb.","Warranty commencement, whether by MEASURE or for the project as a whole, must be initiated with a letter to the client detailing all of the above information.","Thereupon, the surety will be given the opportunity to complete the Work in accordance with the Project Documents.","This table of contents is a navigational tool, processed from the headings within the legal text of Federal Register documents.","Projects are funded from the priority list until the funds are fully obligated.","Define any Other categories and significance.","Detail all assumptions and sources of data, including all stipulated values used in calculations.","An hourly fee structure will also likely be included to cover ESCO costs for any services provided beyond the scope agreed to at the time of contract execution.","Who are the North Carolina prproject areas?","Market Sectors and Associated Market Segments.","New Technologies The rapidly escalating cost of energy is promoting research for development and application of new technologies.","Project documentation must clearly show project costs and expected savings.","Please check the country and number.","The computer program uses the resulting loads and the system parameters to calculate the cooling and heating load profiles for the facility on an hourly basis.","ESCO and the client agency.","This income enables DGS to bring in expert advisors to provide direct technical assistance to DGS and participating state agencies.","It is a systematic process for identifying and implementing operational and maintenance improvements and for ensuring their continued performance over time.","Meter maintenance and calibration accuracy are important for consumption tracking and must be programmed.","Comparing different firms for cost performance requires the understanding of organization structure.","Amendment Part section in Federal Register documents.","Cambridge, MA: Sustainable Endowments Institute.","Lower default rates could also warrant relaxing underwriting criteria to expand the number of consumers that qualify for financing energyrelated improvements.","For example, proposed costs of individual pieces of capital equipment can be compared with previously proposed prices for similarly sized equipment.","NEGOTIATIONSGUIDE TO ENERGY PERFORMANCE CONTRACTING In any professional negotiation, concessions should be made wisely and sparingly for the purpose of reaching an agreement that advances your interests.","How Have ESAs Been Used to Date?","PAYMENTS TO CONTRACTORSREQUEST FOR PAYMENT.","Maintain active and updated maintenance logs for all equipment.","BUILDINGS INCLUDED IN THE PROGRAMThe following buildings are included in the Active Energy Management Program.","Financing of ESPCs is often done through a third party financial institution.","Some include: building utilization, occupancy, occupancy hours, weather, building schedule hour changes, utility rate changes.","Amount of energy savings.","Company shall not be obligated to pay for the cost of lost refrigerant.","It should be noted that none of these financing solutions are likely to be foolproof in their ability to improve the value proposition of energy efficiency.","Tracking energy performance makes administration and operations more aware of the causes and influence of changes that influence energy cost.","North Carolina Department of Administration in conjunction with Waste that lists estimated energy reduction potentials and paybacks for fice Equipment, and Energy Management Systems.","Replace existing HID wall sconces with new LED wall sconces.","The proposed wiring shall be secured to the concrete deck at each level in between beams.","Under the ESPC statutes, DOE is required to develop methods and procedures for Federal agencies to implement the use of energy savings performance contracting.","EB and ENERGY STAR certification support.","Examples at are commonly applied to payments to the contractor.","Participating contractors can choose among offers from participating lenders.","ISSUED BY INSPECTING OFFICER.","Although the right to repossession and disposition of the equipment are standard provisions, there are significant differences between lenders as to whatwill appear in this section of a exempt lease purchase agreement.","The ESCO is paid from the savings it guarantees the government.","We have provided specific detail on these projects to PBS.","It should also be a point of the scoring process for proposal evaluations.","Benefits of unsecured lending include access to capital for those without home equity and a quick, easy application process.","Obviously, if more horsepower of equipment is added for the same function and the run time is the same, more energy is going to be consumed Each alternate approach has advantages and disadvantages.","The announcement shall state concisely the scope and nature of the equipment and services for which a performancebased contract is required, and shall encourage firms to submit proposals tomeet these requirements.","The criteria are not ranked in order of importance.","The equation simply represents the best fit to the data available.","Theforegoing representations are subject to minor deviations from the CONTRACT DOCUMENTScorrectable prior to completion and to specific qualificationsexpressed by INSPECTING OFFICER.","School planning staff in the NC Department of Public Instruction also should be solicited to review and comment on the design plans and performance of the project as defined in the ESA.","Avoided costs for maintenance of old equipment due to installation of An agency plans to replace an old boiler and steam system with a more efficient system using an ESPC.","Qualifications and relevant experience of the staff in engineering, project management and other areas of importance.","In addition, we found that PBS did not provide effective oversight of the accuracy of ESCOclaimed energy savings.","Some states that manage bond funds, revolving loan funds or utility programs have used a management fee to support program efforts.","User or password incorrect!","Our contributors recommended exploring the following questions in selecting an ESCO.","Open Questions Value Proposition.","Given the lack of collateral, interest rates on unsecured loans are generally higher than those on secured loans.","Most equipment installed will have a oneyear warranty provided by the manufacturer.","Find Out in a Click!","Cityand ESCO understand and agree the attachmentand exhibits hereto are and shall be an integral part of this Contract and the terms and provisions thereof are hereby incorporated, made a part of and shall supplement those recited herein.","The more positive your options, the stronger the case.","The budget is used to fund as many projects as possible until the funds are expended, based on the priority list.","Parametric estimating methods are closely related to and sometimes overlapping with price comparison techniques, and both are well suited for price review for initial and final ESPC proposals.","Demolish existing flue connectors from boilers to the vent chimney and cap.","Factors Affecting Institutional ESCO Activity.","Price benchmarks can also be used at the level of individual costs.","The ESCO shall conduct the training program described in Schedule J hereto.","The Component Head or designee must also ensure that proceduresare established to provide sufficient time to compute the energy cost savings and identify the savings amounts to be transferred to the extended availability of funds account.","Keystone HELP loans make up a large majority of WHEEL Loans, but the program is no longer participating in WHEEL.","Stars are part of the published document.","The Contractor should have a thorough understanding of potential utility rates that may be encountered at each site.","Indicate the services performed directly by employees of your firm.","Include equations and technical details of all calculations made.","Greening the bottom line: The trend toward green revolving funds on campus.","HERO program is an example of this approach.","Accessing Secondary Markets as a Capital Source for Energy Efficiency Finance Programs: Program Design Considerations for Policymakers and Administrators.","CITY shall not refuse reasonable use of ontingency submitted by CONTRACTOR.","The amendatory language uses standard terms to give specific instructions on how to change the CFR.","Kathryn Dapr\u00e9, head of engineering, energy and sustainability, NHS National Services Scotland.","Did you establish some basis for evaluating proposals?","Set, measure and document water pressure drop through the new boilers.","If facilities owners are considering the use of a contact facilitator, they should make sure that the firm has a clear understanding of NC energy performance contracting requirements for local government and school sectors.","This model requires the ESCO to have the capacity to borrow and to have projects with revenue streams that will ensure the loans can be repaid.","DOE internal study found that with many contracts, it was impossible to tell if performance goals, and thus, dollar savings, were actually being achieved.","How current is this?","If the expenses in completing the Work exceed the Compensation for the Work, the pay the difference to the ISSUER upon demand therefore.","Eligible companies include those for whom performance contracting is a substantial portion of their business, but not all of their submitted projects must be performance contracts.","Prior to that, she provided technical guidance, performed project reviews, and developed program implementation processes for a utility demand side management program for industrial and commercial clients.","An ESCO may assist in arranging the financing as part of the negotiated contract.","What are the credit worthiness and financial resources of proposers?","United States building energy efficinecy retrofits: Market sizing and financing models.","This warranty of materials, equipment and workmanship is separate from, independent of, and in addition to any other guarantees in this Agreement or any other warranties in this Agreement or required by the Project Documents.","Super ESCOs address multiple factors that increase the appeal of ESCO projects for external financiers.","Guaranteed cost savings and equipment performance.","RCW provides the authority for public work of performancebased contracts for water conservation, solid waste reduction, and energy equipment.","ESCO themselves, though for some that might raise a conflict of interest question.","Metrusfor realized energy savingsare an operating expense, just like utility bill payments.","The request for payment shall not be submitted morethan once a month and must be on fos approved by CITY.","DEVELOPING THE NEED BASIS GUIDE TO ENERGY PERFORMANCE CONTRACTING II.","If a partial termination, the remaining ECMs mumust exceed payments in each of the remaining years of the term.","It is important to understand that local governments and school districts have specific procurement and administrative rules and regulations they must follow.","Equipment downstream of the specified equipment shall be excluded unless specifically called out in the scope.","Contract Pricing Reference Guides to guide pricing and negotiation personnel.","Option A is typically used for lighting system improvements whereas Options B and C are used for other types of EEMs.","ESPCs or that the prices paid in ESPCs are generally higher than the prices paid for similar goods and services obtained through conventional procurements.","Inspections, tests or approvals by the INSPECTING OFFICER or others shall not relieve the CONTRACTOR from his obligations to perform the WORK in accordance with the requirements of the CONTRACT DOCUMENTS.","First, ESPCs represent a new way of doing business that is very different from the traditional government procurement process.","Attachment BCost and Pricing Definitionscontingency funds are expended, any increase in bond cost must be included with contingency cost expenditure proposals.","Alternatively, all ECM subcontracts, or just disputed ECMs, could be competed after award and the contract modified to accommodate price changes.","State appropriations to any local governmental unit shall not be reduced as a result of energy savings occurring as a result of a guaranteed energy savings contract.","Provide technical assistance through paid contractors, then invoice for reimbursement.","Comptroller General of the United States to report annually for five years on implementation of this section, including an assessment of various energy issues.","Cost and Savings Estimates: Conclusions, observations and caveats regarding cost and savings estimates.","Aggregate data that does not identify projectspecificmetric information may be released as set forth in the contract.","An agency has appropriated capital improvesystem with a more efficient one in a specific building.","Normalizing the Proposals It is the intent prior to negotiations and oral presentations to normalize proposal areas, especially of the two leading contenders.","Super ESPC as an example, but these recommendations are generally applicable to any of the federal IDIQ ESPCs.","In the event ESCO subsequently receives or obtains the untimely energy related biachieved in an amount greater than had been stf.","CITY shall, on request, furnish to the Subcontractor, if practicable, information regarding percentages of completion or amounts applied for by CONTRACTOR and action taken thereon by INSPECTING OFFICER and CITY on account of portions of the work done by Subcontractor.","Risk and Responsibility Matrix for the project and may require the preparation of alternative payment schedules.","Clarify whether equipment loads are to be measured or stipulated and what the impact will be if they change.","If the municipal entity defaults or exercises the nonappropriation clause, the lender shall have the right to repossess the leased property without recourse to judicial procedure or court action.","Are there any things you would do differently in design in retrospect?","Subcontractor, if practicable, information regarding the percentages of completion of the amount applied for by and the action taken thereon by the ESCO on account of Work done by such Subcontractor.","Qualifications Listing for the ESCO and other resources, www.","It is understood that neither this contract nor any representation by any public employee or officer creates any legal or moral obligation to request, appropriate or make available monies for the purpose of the contract.","Although the industry is relatively young, it has been resilient to significant changes in the business and regulatory environment in which it operates.","Boston, MA: Environmental Defense Fund.","Cost savings depend on both the cost of the primary energy fuel and the price of electricity that the scheme avoids.","Was it possible to determine the profit being made by the ESCO?","Many performance contracts stipulate a certain level of maintenance and upkeep be performed by the city in order to maintain the savings guarantee.","Stated cost markups will be clearly applied.","Such costs incurred by the CITY will be determined by the INSPECTING OFFICER and incorporated in a CHANGE ORDER.","Ultimately, elected officials make final decisions about major city contracts and need to be an integral partner in the process from the onset.","An agency may develop its own ESPC; however, doing so can be a difficult process.","What do you attribute the successful outcome of the project as it stands today?","This includes building survey and energy analysis.","Massachusetts Department of Energy Resources.","No Third Party Beneficiaries.","Click this link to send us an email.","Oil backup allows gas to be purchased at its commodity cost without contract demand charges.","ESCO industry must be developed.","Heating, ventilating, or airconditioning system modifications or replacements.","The award shall be made to the responsible Proposer whose proposal is determined to be the most advantageous to the City based on the evaluation factors and selection methods set forth in this Request for Proposal.","Generally, the ESCO assumes responsibility for preventive maintenance and repairs to all new equipment installed.","Currently, there is little empiricaldata available on the correlation between interest rates and energy efficiency market activity.","Guidelines are based on four general approaches to the spectrum of project complexity.","Equipment Leasing: An Introduction.","Enterprise Servicesthrough a request for qualifications, a licensed engineer that is a certified energy manager, a project resource conservation manager, or educational service district resource conservation manager.","Establish some benchmarks prior to implementing the energy savings for lighting, equipment, and HVAC systems and compare these benchmarks after the recommended changes are presented.","North Carolina State Energy Office for suggestions.","ESCO relative to the performance required under this Agreement.","ESCOs will often propose that an estimate of interactive savings be added to the amount measured.","Explicitly define any routine adjustments that will be made during the performance period.","The shall remove from the Premises within a reasonable time any materials or components so rejected at the entire expense of the ESCO, after written notice has been delivered by the ISSUERto the that such materials or components have been rejected.","This should always be checked closely if there are significant energy savings being based upon the output and calibration frequency.","This resolution shall take effect upon its passage.","No programs use FICO score as an eligibility criterion, however some use history of past defaults or history of delinquency oproperty taxes.","Occasionally a client agency will have additional criteria that must be met, such as shortened facility lifetime due to planned replacement, limitations on borrowing capacit, and special conditions associated with federal or state grants used to pay for a project.","Neither the ESCO nor GSA are allowed to use the possibility of excess savings in a subsequent or prior year to cover a savings shortfall.","No claim of the under this provision will be allowed unless the has given the required notice.","The Contractor should have a thorough understanding of load profile data presentation and manipulation.","If the executive does not care then neither will anyone else.","Should the ESCO determine at any time during the Investment Grade Audit that savings cannot be attained to meet these terms, the Investment Grade Audit will be terminated by written notice by the ESCO to City.","Consumer credit cards are also a common form of unsecured lending.","Market Status and Implications for Public Purpose Interventions.","HAZARDOUS MATERIALS EXCLUSIONSAbatement of hazardous materials is excluded from all scope items listed in the Technical Energy Audit.","Storm windows or doors, caulking, weatherstripping, multiglazed reflective glazed or coated window or door systems, additional glazing, reductions in glass area, or other window or door system modifications that reduce energy consumption.","ESPC contract file administration.","Agreement are not intended to be exclusive of any other remedies provided, but each and every such remedy shall be cumulative and shall be in addition to any other remedies, existing now or hereafter, at law, in equity or by statute.","It should be noted that these instruments do not constitute legal advice or legal opinion, but are provided as samples for adaptation to the laws and regulations of the user.","Loan losses would be handled just as any other unsecured loan.","PACEfinanced measures are likely to be similar to those covered by existing programs.","It establishes the schedule and responsibilities of the ESCO and the City.","Describe the specific role and responsibilities this individual had for each listed project.","Since conditions change regularly in most facilities, only certain changes should trigger a baseline modification.","PACE assessments are more likely to carry througha refinancing, and at least two have carried through foreclosure proceedings.","Consider whether award of the contract will result in paying unreasonably high prices for contract performance.","Raleigh, NC NORESCO Cary, NC Pepco Energy Services, Inc.","ESCOs expected site visit for project discussions.","If this member is identified early on, they may serve as the primary point person with the ESCO partner as the city proceeds through contracting, construction, and operations.","Consultant services help maximize project opportunity and minimize project risk through a constant review of all projects implemented by Commonwealth agencies.","However, they are not directive and should be considered informational only.","The written documentation can help avoid misunderstandings and provides backup for auditors and others who may be interested in the development of the project.","Local Governments and Schools.","Include all measured values for this period.","Need Basis into a Project Definition format suitablefor proposal inquiry.","In any negotiation, knowledge is power.","State the amount of the guarantee.","Bonneville power administration, is greater than the net present value of the costs of implementing, maintaining, and operating such facility, activity, measure, or piece of equipment over its useful life, when discounted at the cost of public borrowing.","The client obtains a bank loan, or uses their own equity, to pay contractually determined fees to the ESCO and the bank, and keeps the difference.","These capital improvement projects and needs will become the basis for the scope of work of the performance contracting process.","However, the lack of collateral makes these loans generally more expensive than comparable secured loans.","TAF owns the equipment until the ESPA ends, at which time it becomes the property of the building owner, and the building owner then keeps all the savings.","These faucets come on when someone places their hands in front of the sensor eye and will automatically turn off when the user walks away from the faucet.","The final phase can be operation and maintenance if the offer makes sense for the work installed.","Customer and the Ogden City Energy Performance Contract of third party manufacturer of the material or product.","Standardising project development and formalising measurement and verification practices are a couple examples of the technical assistance Super ESCOs can provide.","Years in the Energy Business.","Operational Savings Another potential pitfall is the inclusion of operational savings that are not energy related.","Only real savings, by definition, will make money available for contractor payments.","The PACE community considered seeking an advisory opinion from an accounting firm on this issue but concluded that the cost could not be justified at this point.","Accordingly, such funds are available only for the period for which they were originally appropriated.","This is true unless the agency agrees to other arrangements.","Generally, renters may participate in onbill schemes if transfers to subsequent renters are allowed, program rules allow, state legislation is amenable, and owners give consent.","Work, or other arrangements agreed to by the and the surety.","ESCOs for project development.","Materials shall be delivered to the site in original packaging with labels and trademarks intact, and such labels and trademarks shall remain intact until used.","Identify a program manager or point person to develop the program.","For instance, if a school knows that it needs to replace a boiler within the next ten years, it so.","ESCO had not installed energy efficiency measures.","The ESCO shall meet deadlines for project completion and invoicing to avoid delay in client agency financing.","Facility or other national institutions to make sure they are competitive.","Funded Program The fund will support the cost of the evaluation, review, approval, oversight, and performance audits.","Understanding the advantages and disadvantages of different product types in specific market sectors can support decision makers in choosing financing products that add the most value fortheir constituencies.","One ESCO recalled a new city CFO reaching out years after construction of a project for clarification on associated debt.","Project Documents or from those ordinarily encountered and generally recognized as inherent in work of the character provided for in this Agreement, the ESCO shall give written notice to the before any such condition is disturbed or furtherdisturbed.","The price is not estimated until the Investment Grade Audit is completed.","ESCO proposals will be the most difficult for HVAC.","This collection of case studies summarizes the experiences of five EPCs in North Carolina.","Since construction is just one component of the overall project, a separate construction contract may be desirable and in some cases necessary.","The loan requiredthe borrower to obtain verification of the expected savings associated with energy improvements.","DOD facilities, and the remainder is for discretionary use to improve or enhance the facility.","Public Instruction North Carolina Association of County Commissioners Division of Pollution Prevention and Environmental Assistance North Carolina Department of Environment and Natural Resources Disclaimer This document is intended to convey information and guidance for energy saving performance contracting for public facilities.","Use only the categories shown.","FHA and the FHFA suggest that PACE lenders may voluntarily subordinate their claims in order to address regulatory concerns.","The method of determining the savings shall be subject to the approval of the Contracting Officer and the Installation Representative.","The contractor bears the ultimate risk regardless of which party performs the activity.","NPV for the investment, and clearly shows thehigher profitability of the more comprehensive project.","If only select energy consuming systems in a given facility are to be investigated, they need to be clearly defined directly or by exclusion of systems not to be investigated.","If there are several buildings involved in the project, this schedule should contain projections for eachfacility, even though they may all be covered under a single guarantee.","Ogden City Energy Performance Contractof Materials and equipment shall be so stored as to ensure the preservation of theirquality nd fitness for the WORK.","These segments are further analyzed and divided into vertical markets and components offered as part of energy contracting.","Otherwise, this contract is simple and straightforward.","Super ESCOs are governmental entities created to serve the public sector, develop the capacity of private ESCOs, and facilitate project financing.","The Case for Energy Savings Performance Contracts in Your Data Center.","Whole facility methods consider the total energy use and deemphasize specific equipment performance.","Workers Compensation Insurance as required by the laws of the State of North Carolina.","Also, for applicable buildings, ESCO includes the cost to provide services and complete the annual application for a building ENERGY STAR label.","Commission for approval of the Project and the proposed Guaranteed Energy Savings Contract and other actions not inconsistent with this resolution.","TAF requires an Energy Audit and retrofit plan before proceeding with ESPA financing.","Assuring fair and reasonable pricing in ESPCs is perhaps more important in financed contracts such as ESPCs than in conventional contracts.","Owner activities such as integration of other identified capital or technology needs.","Requirements for design details or ancillary items, such as sensors, valves, access, electrical, existing equipment demolition, etc.","The working group includes representatives of the four Armed Services, DOE, and the DOE National Laboratories.","If the CLIENT decides to proceed with the project then the Agreement will be amended per Attachment B for Project Management Fee.","DSM portfolio to be included in the onbill program.","There may be no need to gain authority for a reimbursement payment, accepting funds from other agencies when it can be directly applied to a reimbursable expense.","Navy Uses Super ESPC to Make Photovoltaic Energy Pay.","GUIDE TO ENERGY PERFORMANCE CONTRACTING PROJECT DEFINITION should always look at control system application improvements as well.","With a formal agreement in place to provide technical assistance for a fee, substantial technical assistance is provided in advance of collecting the fee.","To determine whether the price is reasonable the team must consider the scope of the proposed project compared to the scope of past projects and normalize prices for regional cost differences and price inflation over time.","Representations and Warranties by the Issuer.","State your willingness and ability to provide this.","Also include an organization chart showing the corporate structure with added corporate support for the project.","If pricing is unrealistically high, ECMs that the agency needs may not appear to be feasible.","Proposals that are not signed may be rejected.","The cost estimator should submit a written opinion as to whether the proposed ECM cost is fair and reasonable.","There is no one best way to finance an ESPC.","ESCOs for all EPCs to document the lease payments or total capital payments to be made over the life of the contracts.","While cost analysis might judge each individual cost to be fair and reasonable, the overall price of building a computer from scratch would be much higher than purchasing one on the open market.","This may require consultation with experts on the technology being proposed.","Armed Forces at the military installation at which the energy cost savings were realized.","This process should providthe agency with enough evidence to make payments on the guaranteed cost savings.","An example would the application of a variable speed drive to vary the loading of a constant speed pump or fan.","If all proposers respond accordingly, then the evaluation process will be much easier when comparing several proposers.","Materials, components or completed Work which fails to comply with this Agreement and the Project Documents may be rejected by the and shall be replaced by the at no cost to the ISSUER.","When a decision is made to carry out a project under this section, the Secretary of Defense mustnotifythe appropriate congressional committees of the decision.","Provide the technical response time for Services.","This can be presented in a manner that shows these relationships and further depicts the importance in load demand shedding and the potential for considering other more favorable utility contract arrangements.","Energy Service Performance Contract.","ECMs at the Premises which shall also be construed as ECM submittals under the provisions of this paragraph.","The energy resources coordinator shall provide training to affected departments on the ENERGY STAR portfolio management or equivalent tool.","EECs offer some, but not all, of the services of an ESCO.","In some aspects, leases may be less flexible than loan financing.","NC Statutes is enclosed in the Appendix.","State and city energy efficiency policies from around the country.","This project is funded under an agreement with the Tennessee Department of Economic and Community Development.","City will not consider such subjective savings as inhouse maintenance personnel savings, since maintenance personnel appropriations are not based on any clearly defined industry standard.","The avoided power factor penalty charges are annually recurring energy cost savings.","Asterisks are used to represent text which is not changed.","Were equipment bids shared with the owner?","SCOPE OF WORKOwners proposed energy conservation measures include the following.","When an agency is adding or revising only certain units of a section, the amendatory language must state exactly which units are added or revised, and only those units are printed.","For the term of the contract, prepare a measurement and verification report on an annual basis in addition to an annual reconciliation of savings.","FHA borrowers typically seelower than market interest rates with more accommodating underwriting criteria.","If such cost exceeds such unpaid balance, the CONTRACTOR will pay the difference to the CITY.","ECMs, and less water use.","HVAC maintenance needs or other buildings.","These must be clearly identified up front and agreed to by all parties.","Ask the reference if one thing in their work with the proposer could be changed, what would it be?","State or a department, an agency, a board, or a commission of the State, including the Board of Governors of The University of North Carolina and its constituent institutions.","Clearly describe how the calculations are affected by rising or lowering utility rates.","If title to the financed equipment is passed at the inception of the contract, the lender typically retains and perfects a security interest in the leased property.","How well has the company done on completing past projects on schedule, including both development and construction?","Had there been any changes in the company since the prequalification materials were submitted and the request for proposal issued?","The Cityacknowledges their responsibility to implement all energysaving opportunities identified through AEM, and fund any associated costs.","Should: Indicates something that is recommended but not mandatory.","The legislated purpose is to achieve energy savings and ancillary benefits.","Major contributors to this report are listed in appendix VIII.","Identify the proposed project financing source.","Engineering Service Agreement and Performance Contract to be executed.","The Guide presents a basic framework and methodologies for measurement and verification, to help energy efficiency service providers and customers understand the key issues for determining how successful a project has been.","The contractor should have working knowledge in various energy estimating software packages such as but not limited to Trane Trace, DOE II, and other energy simulation software.","Nonetheless, it is important to recognize that these indirect y drivers of customer participation and satisfaction.","ESCO to recalculate the actual savings for the annual reconciliation if the Issuer later provides such missing energy related bill.","Other necessary information, documentation or assistance needed by the energy consultant in the performance of the IGA must be identified in the proposal.","NYSERDA is one exception.","Guaranteed Energy Saving Contracts for Local and State Governmental Units.","If such amount offset is insufficient to cover such excess costs, the shall be liable for and promptly remit to the the difference upon written demand thereof.","The client pays the ESA Provider a charge per unit of energy saved that is set below its baseline utility price, resulting in immediate reduced operating expenses.","We made conservative assumptions in selecting discount rates for the first different discount rates ivate sector projects.","Projects with complex ECMs and savings methodologies would especially benefit from such involvementas these projects are more likely to require additional technical expertise.","Procurement Code of the City of Buckeye.","For this reason, the FAR specifies that even where cost analysis is used, price analysis should also be used to verify that the overall price is fair and reasonable.","Project net benefits and simple payback time.","Verified savings for first year of postacceptance performance period will be documented in the annual report.","Once proposals are opened in public format, a selection team will screen for qualified proposals.","Guaranteed Energy Saving Contracts for local governments, school, and community college.","Other Preconstruction Costs may include but are not limited to: administrative support, legal review, accounting services, printing, copying, binding, office supplies, business travel, business meals and supervision of project development staff.","Placement of the authority citation depends on what unit of the CFR the agency is amending.","Quality Control Inspection Plans, and verifying savings.","However, these features are relatively untested.","ESPC must be fair and reasonable according to the FAR.","Awareness of these requirements should be brought to the either formally in the request or ge might be stronger.","In the past year, ESAs have gained significant momentum.","If there are firms that you e not yet prequalified with the North Carolina SEO, then certainly this document should be the first step to consider for a proposal on a performance contract.","CONTRACTOR shall promptly replace and reexecute the WORK in accordance with the CONTRACT DOCUMENTS and without expense to the CITY and shall bear the expense of making good all WORK of other CONTRACTORS destroyed or damaged by such removal or replacement.","PACEprograms to regional needs while minimizing program administration costs through the centralization of program functions and the potential to recover these costs across a larger customer base.","What Kinds of Equipment and Services Can be Purchased?","Understanding what kinds of savings may be accounted for and used to pay the contractor is critical to taking full advantage of the leveraging power of ESPCs.","Ogden City Energy Performance Contractof permitted; and that the Work will conform to the CONTRACT DOCUMENTS.","How can we use this experience to improve the performance contracting process?","ESCO cost for Design, Training, Measurement and Verification, and Documentation.","Mind the GAAP: A study on the effects of proposed changes in accounting standards for leases on investment in energy efficiency retrofits in the United States.","What Are the Opportunities for Contractors?","ESPC shares many similarities with conventional public works design and construction practices.","HISTORY: How long has your organization been operating in the area?","As a result of this design decision, made in conjunction with the City, fluorescent lamps shouldnot be installed in the retrofitted fixtures.","Maintenance can be by the qualified provider or governmental unit, if qualified resources are available.","Costs of permits, fees, licenses, or royalties required for engineers to complete the work.","Specify whether and by when the physical aspects of the project that led to the loss of savings will be corrected.","In North American, European, African, Middle Eastern, and Australian markets, Guaranteed Savings EPCs are heavily utilised.","The next section gives an overview of how traditional and specialized products may address these barriers.","Are there any available price benchmarks or cost estimating relationships for these ECMs?","At that time, the DOE also issued revised versions of the model solicitations to provide guidance to implementing federal agencies on conducting procurement actions consistent with the ESPC rules.","The CONTRACT DOCUMENTS shall not be construed to create any contractual relationship between Ogden City and any Subcontractor.","It is available in German and French.","According to Gilligan, utility companies, expecting increased competition for customers, started buying up small energy service companies or starting their own, to try to gain a market advantage.","SF, and an estimated postretrofit Energy Performance Rating.","Public Housing Program as a means of reducing utility costs.","If, over time, tariffs increase more than the escalation rate, then the MESA provider loses out.","ESCO guarantees savings, project has positive cash flow, proposals shall be evaluated by a licensed architect or professional engineer, review and approval for the Local Government Commission, and several other requirements.","ESPC projects, VA has developed a new VA ESPC procurement program.","Both these resources, described below, offer a better understanding of documentation, contracting procedures and company profiles from different perspectives.","All large organizations should have a utility tracking system in place that reviews both utility consumption and costs, before payment is issued.","This Is an Example for a College Union Bldg.","The primary advice of our experts: keep it simple and use trusted advisors.","The CONTRACTOR will then furnish the INSPECTING OFFICER the required certificates of inspection, testing or approval.","For which consumers and at what cost?","The monies in the fund shall be used only to fund the requirements of this Section and the rules promulgated pursuant thereto.","These contract clauses have been included in the past and require the scrutiny of professionals to negotiate equitable language.","The replacement flush valve is the Vendor Name Brand.","Thus the ESPC set of arrangements provides the water system with not only energy cost reductions, but also with capital, expertise, manpower, and guaranteed savings.","The checklist typically specifies simple list of tasks and the corresponding schedule for the performance of the prescribed procedures.","Participating agencies are also required to report energy consumption data quarterly.","Additionally, PBS should verify that current and future ESPCs have all required contract documents and that CPARS evaluationsare completed as required.","Updates to this documentation shall be provided on an as needed basis to insure that it is kept current.","CLIENT decides not to proceed with the project through GA.","Work which might constitute or create a hazard to the Premises, or to persons or property, or which deviate from the Project Documents or will result in schedule delays or additional costs to the ISSUER.","Marketing Impact Both housing counselors and prospective buyers reported a lack of awareness of the EEM product and little understanding of energy efficiency concepts.","Benchmarks set forth in Schedule E are necessary.","Failuremeetese mandatory requireents will result in rejection ofyour proposal as nonresponsive.","Title I loan products.","Unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund.","CONTRACT PRICE or an extension of the CONTRACT TIME, or both, shall be made by CHANGE ORDER to compensate the CONTRACTOR for the costs and delays necessarily caused by the failure of the CITY or INSPECTING OFFICER.","Resources for the Future.","What is the process?","Financing structures vary; operating or municipal leases were once the primary financing arrangement, but as the market has developed, financing options have grown.","Facility baseline energy consumptionfor at least a oneyear calendar period.","Provide total revenue or latest fiscal.","The foregoing discussion is intended to be useful as an introduction to the issues that may be of concern to agency finance and accounting departments in planning for a FEMP ESPC project.","Similarly, the energy efficiency interests have not been well represented in an organized fashion in the FASB proceedings to date and it may be difficult for their voices to be heard without critical mass.","Energy services proposal: Define what will be included in the energy services proposal that will be developed at the end of the IGA.","This discouraged competitive bidding.","The familiarity of traditional products to customers and financial institutions, as well as potentially simpler implementation for program administratorsmay be important to the success of a financing program.","The additional amount is used to finance energyrelatedimprovements.","ESCO will begin recording annual savings from and after the Commencement Date.","Our experts recommend including operations staff early in ESPC development to make sure their insight into the dayday management of facilities is considered in the project approach, and can confirm they have departmental bandwidth to take on any new responsibilities.","The written proposals will be reviewed bsed on the evaluation criteria proided above.","The selection of the appropriate method to calculate the energy baseline depends partially on what energy efficiency measures are finally adopted.","Review of Written Proposals.","ESCO shall obtain, and maintain at all times during the term of this Agreement, insurance in the following kinds and amounts.","Most companies track this information on every project for the purpose of internal audits to determine business competitiveness.","The local government will be responsible for providing utility bills and facility information.","ENERGY AUDIT PHASE Payment for Audit.","Design Build Stipulated Price Contract.","Department of Energy under Contract No.","In NC, facility owners will issue an RFP to acquire two or more bidders.","An escalation factor is built into this number to protect the MESA provider from utility rate increases, but if rates on tariffs increase faster than the escalation factor, the MESA provider has to pay the difference.","For residential consumers, secured loanstypicallymay offer lower interest rates than other forms of energy efficiency financing.","Storm windows ordoors, caulking or weather stripping, multiglazed windows or door systems, additional glazing, reductions in glass area, or other window and door system modifications that reduce energy consumption.","The ESCO shall employ a competent project manager who shall be responsible for the coordination of the Work, and who shall be authorized to commit the with regard to manpower, schedule, coordination and cooperation.","United States Building Energy Efficiency Retrofits: Market Sizing and Financing Models.","Approaches to increase confidence in investing in technologies with good potential but little implementation experience.","Good communication is the foundation of a good agreement.","Qualification for a loan depends on traditional credit scores and bill payment history.","Energy Savings Calculations Once the ESCO has been selected, they will provide an investment grade audita detailed analysis of energy savings opportunity that includes the engineered solution.","COORDINATION WITH EXISTING TRADESCoordinate the WORK of this Contract with the WORK and schedules of other trades soas not to cause delay or damage to WORK, WORK of others, existing improvements, oradditional costs.","You are never obligated to pay more than actual savings.","United States under the terms of the contract during that year by reason of the energy savings measures acquired and installed at that installation pursuant to that contract.","Energy Use Savings are those savings achieved through reduction or shift in energy or demand use.","Which of the following services were included?","Savings must exceed payments for each contract year.","If the equipment loads are stipulated, the baseline should be carefully documented and agreed to by both parties.","Texas city manager Across our interviews proper preparation was encouraged to ensure success.","Include a table that indicates which measures are installed in which building.","This documentation is provided so that all parties have written details of the warranties.","Green Building Council and has significant experience with energy savings performance contracts.","RFP was received by the ESCO and a formal announcement has been sent to each ESCO representative explaining the mandatory site visit and the opportunity to share additional proposal inquiry information, site meeting will take place.","Fee Payment Schedule The ESCO must pay the fee at the time the contract is executed.","The ESCO guarantees that the improvements will generate sufficient energy cost savings to pay for the project over the term of the contract.","ESCOs provided information on REEP incentives received for individual projects in our database, although we do not know whether these incentives were actually passed through to customers.","Description of the Premises.","The net savings pay for the equipment, construction, financing, and ESCO service fees.","RFP to all ESCOs.","The ESCO did not guarantee the associated energy consumption savings at any of the districts.","Acceptance Training services detailed in Schedule J, performance of which does not commence until after the Commencement Date of this agreement but not part of the Work.","After the contract ends, any additional cost savings accrue to the agency.","Savings to the customer must exceed aggregate annual payments to the ESCO.","ESCO shall give prompt notice to the ISSUER.","This type of termination or cancellation may require higher agency approval.","The criteria listed below will be used to evaluate written proposals.","The agency will review and agree on the methods proposed.","The service provider bears the risks and gets paid less if the project savings are lower than expected.","Agreement to be observed in the performance required under this Agreement are minimum requirements, and shall not affect the application of more restrictive federal, state, or local standards applied to the performance of the Agreement.","Work all materials and equipment stored at the Premisesand finish the Work as the may deem expedient.","ESCO could compete subcontracts and document results.","Indicate the age or date of any component may have been replaced or upgraded.","Explicitly describe all methods of measuring savings including engineered calculations, metering, equipment run times, preand postinstallation measurements, etc.","Federal Housing Finance Agency, California Bnaking and Finance Committee, and Assembly Local Government Committee, Sacarmento, CA.","Proposals will be scored, using established weighted evaluation criteria covering a variety of topics such as experience and background, project management, technical approach, financial approach, completeness and other criteria.","Any malfunctioning equipment that was installed or modified in the course of the project will be returned to its full operating condition by the ESCO.","How well have we done?","However, nothing in this Agreement should be construed as an obligation on any of the Parties to execute such an ESA.","CONTRACTOR and CITY in writingof INSPECTING OFFICER reasons for withholding certification in wholeor in part.","By establishing this type of relationship as early as possible in the project process, the city can ensure maximized value and savings.","Undoubtedly, many of these activities are already being carried out by agencies in some form, but until now they have not been formally spelled out.","Groups whose members are mostly municipal officials, usually professional organizations.","Overcoming barriers to energy efficiency: Role of ESCOs.","The second table shows the breakdown of payments from each account.","Extended warranties may be available; if so, indicate if such warranties are for labor and material, or material only.","There will be no Water Rate Savings calculation either directly or indirectly by ESCO.","Office of Energy Efficiency and Renewable Energy, Department of Energy.","Performance Contracting is presently considering, and is expanding the use of, these applications as a part of the total energy program for cost savings as emerging technologies develop and the cost of application diminishes.","These liens are effectively used as disclosure to future buyers that the equipment has an unpaid loan on it.","The cost came down as a result.","Rates and terms also vary significantly among private lenders.","But once the contract is over, the building owner has exclusive rights to energy savings for as long as he has it.","ESCO team you work with should operate as an extension of your staff.","They can be labor or material savings that result from the implementation of a particular energy conservation measure.","This equipment includes, but is not limited to, heating, cooling or ventilating equipment, computers and other electronics, water heaters, kitchen equipment, laundry equipment, mobile trailer units, and portable hospital equipment.","Who are your financial partners?","We found that all agencies had reported energy costs to FEMP quarterly.","Best of all, those savings can be guaranteed.","ESCOThe Issueralso reserves the right to reject the calculations of savings when it determines that there is another more suitable or preferable means of determining or calculating such savings.","Note: Change week numbers as needed.","ES benefits not captured by our economic analyscility security and mitigating electric reliability concerns with onsite generation projects.","This section does not apply to the construction of new buildings.","Adjustment to Baseline Methodology.","Implement monitoring procedures to ensure the actual cost calculations are reviewed.","EEMs and other identified information.","President, CEO and Board Member, Metrus Energy.","Sound technical solutions, transparent to both parties, should satisfy the legitimate interests of both the agency and the ESCO.","Transaction costs are higher for secured lending than other types of efficiency financing.","CONTRACT DOCUMENTS, laws, ordinances, rules, regulations or orders of any lic authority having jurisdiction require any WORK to specifically be inspected, tested, or approved by someone other than the CONTRACTOR, the CONTRACTOR will give the INSPECTING OFFICER timely notice of readiness.","Individual memories are often unreliable and staff turnover is unavoidable.","The legislation enabling the use of ESPCs points to a qualificationbased selection process.","CONTRACTOR shall, upon the elevenmonthanniversary of the date of SUBSTANTIAL COMPLETION, arrange for and conduct awarranty inspection of all WORK completed under this Agreement.","Such regulations shall require that all energy performance contracts which contain maintenance and monitoring charges aspart of the energy performance contract price state such maintenance and monitoring charges separately in the contract in a clear and conspicuous manner.","Commissioning Process is documentation, which enables everyone involved to be aware of the steps in the process and the criteria that define a success.","Only include projects that have at least one year of documented performance data, are currently in repayment, are currently under contract with your firm, and that can be used as references.","They are unlikely to lead to the recovery of the property for a lender in case the loan inot paid.","Demand side management scheduling Standby generation Exit signs, food and drink vending machines for delamping, energy savings etc.","The agency then reviews the proposal and negotiates the cost of the audit.","Nootherublicdisclosure will be made until after award of the contract.","However, contracting officers usually have access to pricing from previous contracts for installation or repair of similar equipment that can prove useful.","Educational programs and materials are also provided for local officials concerning finance and cash management.","Ogden City Energy Performance Contractof supervising all safety precautions and programs in connection with the WORK.","States and local jurisdictions could support marketing and education efforts for PACE, in collaboration with PACE program administrators.","Owner seeks to maximize energy cost savings and other utility savings and related costs in order to pay for facility modifications through technology upgrades and performance enhancing services.","Of course, the results would be ranked according to competition and thus the incentive would be in place for the proposer to make improvements.","ECM in Budgeting and Accounting for FEMP ESPC Projects Every agency has its own internal procedures and requirements, so the following discussion is intended as an overview of budgeting and accounting issues for a generalized case.","The City acknowledges that the new lighting solution will include direct wired, line voltage, LED tube lamps.","The building operating schedule must be defined in detail for normal operation and holidays and the setback conditions for temperatures for both winter and summer setpoints of offices, classrooms, zones, and central computer rooms.","Agenciescan award task orders more quickly using the super ESPCs because the competitive selection process has already been completed and key terms of the contract have been negotiated.","In addition to saving money on unnecessary or repeated trips to equipment, the directions provide assistance to facilities personnel that do not have experience with a particular piece of equipment.","Moving of facility equipment or furniture is excluded.","If it is determined that the ESCOinstalled and governmentmaintained equipment and controls malfunctioned, the government may be required to pay the guaranteed savings to the ESCO for that period.","Energy Performance Contract and paid through the Energy Performance Contract funding mechanisms.","These indices are derived from daily temperature observations, and the heating requirements for a given structure at a specific location are considered to be directly proportional to the number of heating degree days at that location.","Defense Department, the Energy Department, the Transportation Department, the Department of Veterans Affairs, the General Services Administration, and the Postal Service.","Ogden City Energy Performance Contractof SCHEDULES, REPORTS AND RECORDSThe CONTRACTOR shall submit to the CITY such schedule of values and construction progress schedules where applicable when requested by the CITYfor the WORK to be performed.","Audits and Project Development Documentation: The contractor shall submit audits and project development documentation.","In this design, the utility bill is simply used as a tool for participating consumers to make payments.","Electrical, Building Envelope, Renewables, Water Measures, Specialty Systems, Energy Management Systems, Envelope Measures, Operational Savings Measures.","Some of the initiatives allow the energy savings generated from efficiency improvements to be considered in underwriting.","Super ESCOs track and monitor ESCOs through accreditation to develop risk profiles.","It also allowed the ESCO to target the year end result rather than focusing on the monthly improvements expected.","Was there a team of people that helped with the early stages of the process?","Continuous monitoring and regular performance reviews provide important feedback to keep the project on track.","Much data could be obtained with a very small investment of effort.","The agency manages design and construction meetings and the selection of contractors and equipment suppliers.","Ask for an updated list of energy service companies.","Parties at the time the dispute arises.","The and its representatives and consultants shall at all times have access to the Work.","The school is closed for holidays or Special School Holidays, Thanksgiving, Christmas Eve, Christmas through New Year.","Obviously, the quality of the estimate will not be investment grade without a lot of time and expense being spent; however, the selected ESCO will make the final investment grade audit to define the basis of the performance contract.","VA then determines what portion it should dedicate to energy conservation activities.","Analysis did not find an association between choice of underwriting criteria and participant default rates.","How did the proposer handle the scheduling and coordination of work?","The written request for substitution shall include a statement that CONTRACTOR accepts responsibility for any and all adjustments to the rest of the project to accommodate the proposed substitution, including any additional costs created by the change.","In pricing production of recently developed complex equipment, the contracting officer should perform a trend analysis of basic labor and materials, even in periods of relative price stability.","Summary of Applicable FAR Proposal Analysis Techniques The recommended techniques and their application to federal ESPCs are summarized below.","In most cases involving air conditioning systems, an understanding of the engineering principles basic to refrigeration and fluid dynamics is necessary in order to fully evaluate the validity of an energy baseline calculation based on equipment metering.","CHANGE ORDERSThe request may not include requests for payment for portions of the work performed by a Subcontractor when CONTRACTOR does not intend to pay a Subcontractor because of a dispute or other reason.","Many of our contributors value ESPCs as a turnkey service informed by sophisticated technical expertise.","The specific project scope and approach is fleshed out after the selection of the ESCO.","IDIQ Super ESPC process.","IASB lease proceedings have not yet been completed has created uncertainties in the marketplace regarding a range of emerging financing mechanisms.","Did the project deliver the level of energy savings promised in the proposal?","Proposed Final Project Cost and Final Project Cash Flow Analysis.","Examples of energy savings performance contracts that are in place are discussed in the next section.","Was the ESCO the General Contractor?","The contract will define the final agreed upon list of measures, equipment and labor costs and guaranteed cost savings.","Benchmarking shall be conducted using the ENERGY STAR portfolio management or equivalent tool.","State governmental units shall evaluate the use of guaranteed energy savings contracts in reducing energy costs and may use those contracts when feasible and practical.","Warranty The winning ESCO would be expected to fulfill all obligations through signature with completion of documentation requirements prior to a final contract award.","However, there is no consensus on how PACE would be treated since it differs in significant ways from most other types of property assessments.","The name, address, title, and telephone number of a contact person in the governmental unit.","All savings should stand alone on that basis.","The Parties shall execute and deliver all documents and perform all further acts that may be reasonably necessary to effectuate the provisions of this Agreement.","If the final inspection confirms that the project is complete, the substantial completion date can beset for the warranty period.","If a program is able to invest a small amount of public or ratepayer funds into a PACE financing program that results in energy benefits greaterthan that investment, that activity may be worthwhile from a program standpoint.","Savings accrued during the construction period will not be allocated to the annual savings of any year.","The proposed savings for each ECM are included in TOof the contract.","Performance Contracting is a method of financing capital projects in buildings for upgrading equipment and systems that are not energy efficient.","Some experts recommend including annual service or operations and maintenance training in the contract.","Monies in the fund shall be invested in the same manner as monies in the state general fund and any interest earned on the investment of monies in the fund shall be credited to the fund.","ESCO Deliverables escriptions of the client agencys facility and the buildings and systems that will receive ESCO equipment and services.","In this example, savings would be calculated by the difference between the future usage and the usage in the baseline year.","Annual project costs include debt service, maintenance services, monitoring services, and other services as required.","Include Proposed Annual Savings Overview.","What is the primary focus of the company?","Existing type A LED lamps working with existing linear fluorescent lamp ballasts will be replaced.","While we benefitted immensely from the wisdom of the many people who gave feedback on this report, any mistakes are our own.","Work necessary to comply with this Agreement and the Project Documents shall be borne by the and requests for a time extension or claims for delay will not be granted.","Federal Energy Efficiency Fund, and retained energy savings.","Work to carry the insurance required in Schedule Q and the may, at its option, provide the coverage for any or all subcontractors, and, if so, the evidence of insurance submitted shall so indicate.","Administrative Officer of the City.","Cityto enter into this ontract, and funds have been budgeted, appropriated and otherwise made available; a sufficient unencumbered balance thereof remains available for payment; and the required approval, clearance and coordination have been accomplished from and with appropriate agencies.","Federal agencies have numerous funding sources available to support energy conservation measures.","This will help the client agency understand the actual impact on their budget.","Shaping a FEMP ESPC project that delivers optimal technical and financial performance requires full knowledge and careful analysis of all the technical and financial options.","Pricing of each ECM and each service should be considered individually.","If such changes increase ordecrease the amount due under the CONTRACT DOCUMENTS, in the timerequired for perfoance of the WORK, or in an adjustment to the energy savingsguarantee, an equitable adjustment shall be authorized by CHANGE ORDER.","Digitalisation within the energy sector will drive energy efficiency improvements through increased use of building controls, automation and analytics, which will ultimately lead to greater reliability in energy savings estimates through more streamlined measurement and verification protocols.","By maintaining and operating the equipment, ESCOs are better able to control the performance of the equipment and fix any problems that might cause the ESCO to fail to meet its performance guarantee.","This means that the parties agree on engineering calculations at the beginning of the contract and never have to measure actual performance after that.","What is Property Assessed Clean Energy?","Data logger or service meter?","Renter Split Incentives Occupancy Duration Customer Debt Limits CHAPTER CH.","ESCO at this early phase.","Contingency will not be used for means and methods adopted for the convenience of CONTRACTOR.","The regulatory requirements for determining price reasonableness in federal ESPCs have also been misunderstood, as federal procurement professionals who are inexperienced with ESPCs are further confused by multiple directives that appear to provide conflicting guidance.","However, avoid providinga detailed list of specific projects to be completed as the ESCO will determine the most costeffective approach to maximize energysavings.","However, if the school installs a boiler under the performance contract today, it will avoid spending the future capital outlay on the boiler.","This rate and local bank presence helped with the security of the project.","The proposer will be required to confirm and hold the certificate of insurance in the amount stated for one year after the acceptance of the contract and all times during the term of the contract.","The baseline shall be established before the installation or implementation of energy cost savings measures.","The INSPECTING OFFICER and hrepresentatives will at all times have access to the WORK unless safety considerations temporarily prevent access.","This progression will bring forth the higher energy saving projects first and potentially greatest capital need for financing.","CONTRACTOR in the CONTRACT DOCUMENTSSUBCONTRACTINGThe CONTRACTOR may utilize the services of specialty SUBCONTRACTORSon those parts of the WORK which, under normal contracting practices, are perfoed by specialty SUBCONTRACTORS.","The projects are ranked using criteria such as operational need, safety issues, and economic benefits.","The flow control device we are usisistant made by brand name Laboratories.","There is a need to pool the experience of the various federal agencies, and to use that experience to develop consensus recommendations that agencies can use for price review in ESPC projects.","Easements shall be secured and paid for by the CITY, unless otherwise specified in the CONTRACT DOCUMENTS.","The five guides are: I Price Analysis, II Quantitative Techniques for Contract Pricing, III Cost Analysis, IV Advanced Issues in Contract Pricing, and V Federal Contract Negotiation Techniques.","The shall have the right to have any of the services to be provided by the under this Agreement accomplished by subc written subcontracts between the and such subcontractors.","In an ESPC, a Federal agency contracts with an ESCO, following a comprehensive energy audit conducted by the ESCO of a Federal facility to identify improvements to save energy.","Transfers and renter participation are not limited to onbill tariff structures and renter participation is not necessarily allowed with onbill tariffs.","Open book pricing shall be required, such that the ESCO will fully disclose all costs, including all costs of subcontractors and vendors.","ESPCs do not apply to the town of Willington, CT.","Include factors such as comfort conditions, lighting intensities, temperature set points, etc.","House Energy Management Program.","Price competition First preference, but not generally done in ESPCs.","The measurement and verification calculation methodology for determining the Verified Savings is set forth in this schedule.","The largest unsecured loan programs have reached hundreds of millions of dollars in scale.","This will require perhaps the involvement of legal counsel if there are many exceptions to these contract documents.","He also noted that Siemens has been open to communicating, resolving issues and making any necessary renegotiations.","All postinstall calculations will continue to use the TMY weather files as applicable.","Our engineers will interpret and prioritize the results of the analytics, perform root cause analysis, and provide actionable opportunities for savings.","ECM is being built.","Dapr\u00e9 is delighted with initial results.","United States is currently structured for with the owner typically accepting the debt through third party financing.","The virtuous cycle of organization energy efficiency: A fresh approach to dismantling barriers.","Specific Approach Potential Projects.","To optimize savings, most ESPC projects include several ECMs with a range of payback periods.","Clean Energy PACE program, The Florida PACE Agency, and the Florida Green Energy Works Program, which Renew Financial recently invested in.","ECMs have been installed according to plan and that energy savings are being achieved to the levels estimated is critical to the success of an EPC.","Tying this information back to the contract terms and conditions was just too complicated to track energy performance in the short term to improve the savings return and subsequently allow some shared savings.","Thus in order to develop a pricing benchmark, we correlate the logarithm of cost with the logarithm of size using standard linear regression techniques.","Through energy performance contracting.","Then Gilligan would create his payday by skimming off the utility bill savings for the length of the contract.","Description ofthe EEMsproposed for installation and EEMs that have been analyzed but disqualified becausecost or other constraints.","Home Loan Mortgage Corporation.","What energy conservation methods will represent the greatest growth potential over the forecast period?","This project manager should have the technical expertise and latitude to be able to keep a close and informed eye on the project from procurement through measurement and verification.","GEOSmart financing clearinghouse, which offers loans to residential and commercial customers with no public or utilitycustomer funded support.","The Capital Investment Estimating costs of building modifications, equipment replacements, lighting replacements, and HVAC control system retrofits involve quantities, labor rates, installation materials cost, contractor indirects and all manner of specialty knowledge and experience for a tight investment grade cost estimate.","ESCOshall be solely responsible for securing any necessary licenses required for patented or copyrighted material utilized by the ESCO in the performance of the Energy Audit and preparation of the Report.","The State may authorize the disbursement of Contingency Funds to Contractor through a Change Order or other state contract modification procedure.","Third, access to capital has not been cited as a major constraint among large users in Boston.","Save my name, email, and website in this browser for the next time I comment.","Payment is subject to annual appropriations.","Finally, the additional projects collected from state agencies consist entirely of performance contracts in the institutional market, which may bias our data toward these particular market segments.","The energy savings from the performance contract will equal or exceed the total cost of the contract.","There was a problem with your request.","Energy savings are also measured and verifiedto provide further assurance that improvements are performing as planned.","Your response to this notice will be treated as information only.","ECMin the projectwhere and how cost savings are going to occurand how they are to be calculated and verified.","Identifying our risks for recovery if savings were not met was important to us.","The proposed savings for each ECM are included in the contract.","The Cityagrees to the following light level design approaches: In locations where the current light levels exceed recommended light levels, the design seeks to reduce light levels to meet the target light levels.","The shall remain responsible for all services performed, whether by the or its subcontractors orothers on its behalf, throughout the term of this Agreement.","The scope of services should be based on individual organization needs, due to lack of technical expertise, staffing availability, project management, or contract management skills.","Such devices shall remain the proprietary property of ESCO and shall in no event become a fixture of Issuer locations.","This effort can be performed by the facility owner or his representative for compiling a good basis for the ESCO to initially propose.","These could reduce the amount that the building owner can borrow.","FEMP Office, we obtained energy conservation and consumption data as reported by each federal agency.","EPC then they must permit greater control and operation of their asset to a third party EPC provider.","Overall scoping approach, data retrieval, how results are defined for performance basis.","The timing of the contract execution may impact the available interest rate and project cost.","Has the firm implemented such technologies in the past with success?","This structure has two advantages in terms of lowering interest rates.","ESPC from funds appropriated for the purpose of energy efficiency improvements.","Details to confirm adherence to sampling plan.","First, ESCO financing to date has not relied heavily on operating leases.","ESCOs that have offered their services in the state.","The building is not a party to the agreement between TAF and the engineering firm.","Selection of the right ESCO partner is key.","Guaranteed Energy Performance Contracting.","Cut back gas piping, heating waterlines and domestic water makeup lines to extent necessary to facilitate the scope of work.","If there is a shortfall in savings, the ESCO reimburses the local government unit.","The FAR instructs contracting officers to purchase supplies and services from responsible sources at fair and reasonable prices.","HVAC units with new equipment.","He will erect and maintain, as required by the conditions and progress of the WORK, all necessary safeguards for safety and protection.","Secured loans may take longer to execute and have highertransaction costs than some other energy efficiency financing products.","The greater the spread between the reference benchmark, above or below, will determine the opportunity for an ESCO proposal and performance contracting.","Effect of Statutory Limitations.","Most paybacks noted are typical for office settings.","It is expected that an energy consultant that specializes in HVAC systems will be required to lead this assessment for scoping purposes.","Most states promote performance contracting with legislation.","It is a challenge to manage program costs.","The cost for the IGAis based on cost per square foot and is intended to be the market rate for a technical energy audit.","CSUN and is a California CPA.","Their initiatives insure the loans of participating lenders to add extra capital to home mortgages for implementing energy efficiency measures.","List any subcontractors that you intend to use for this project.","It is important to differentiate the definition of tariff for the purposes used here from the definition of tariff often used in the utility regulatory proceedings.","Proceedings of the American Solar Energy Society Conference, Portland, ME.","EEMS identified and if the energy savings were achieved.","Logs shall be kept for a minimum of the warranty period and must be provided to MCKINSTRY upon request in eitherelectronichardcopyformat.","You can change your consent settings at any time by unsubscribing or as detailed in our terms.","Contract shll autatically terminate.","The guarantees for the project are based on the total projectnot on a measuremeasure basis.","Expenditures for these projects may be tracked using the Postal Service energy account number.","Acceptance Training services detailed in Schedule J, performance of which does not commence until after the Commencement Date, are not part of the Work.","The replacement bowl is the Brand Standard flush valve water closet.","If and when Hazardous Substances are detected, The Citywill contract separately for the identification and removal of any Hazardous Substances or The Cityqualified personnel will conduct abatement and disposal of any Hazardous Substances.","As already noted, LO retrofits are much more prevalent in the private than the institutional sector.","The first step in the process of entering into an EPC is to develop the RFP that will be put out to bid for potential ESCOs.","It will present the background information and detail necessary to give adequate notice of the issues to be commented on as required by the Administrative Procedure Act.","If feasible, the may direct the to modify the scope of the Work to eliminate portions of the Work affected by the undisclosed hazardous substance or material.","Services by Customer will terminate the performance guarantee defined in Schedule C from the date of termination forward.","Describe factors that would necessitate adjustment.","Keep a step ahead of your key competitors and benchmark against them.","When homeowners take out a HEL or HELOCnlike with a first mortgagethey are not dealing with thesignificant undertakingof navigating a home purchase in addition to managing efficiency improvements, so they may be more open to consideringefficiency improvements.","On multiple projects, PBS did not witness the ESCO energy measurement and verification activities or review ESCO measurement and verificationreports, but instead relied on the contractor to selfmonitor and selfreport whether it achieved the savings.","Provide any other nformation, onlyif deemed necessary.","The Contractor shall also participate in or present briefings related to energy activities.","In the case of a State governmental unit, a qualified provider shall, when feasible, after the acceptance of the proposal of the qualified provider by the State governmental unit, conduct an investment grade audit.","Bulk purchase of fuel.","Construction cost is defined as the actual cost of purchasing and installing the ESCO equipment, as demonstrated by the installation price quotes or construction contracts.","For this project, the ongoing service periodshallforthetermcontract.","How Have Unsecured Loans Been Used?","The regulatory text of a document must fit into the current text of the CFR.","Customers typically arrange financing through a third party.","ESCO partners should be open to discussing why they believe their recommended technology is bestsuited for your needs.","Have adequate staff and resources been documented and qualified?","The program is available to any public entity in Texas.","Blank cells do not necessarily imply that the barrier does notxistin thatsector, but rather that it may not be important enough to drive the design of an efficiency financing program.","COMMUNICATION: Describe the communication channels that will exist during the project.","ECM, relative to the commencement of the warranty period set forth in Schedule R for such ECM.","The contractor shall continually investigate utility company rebates, utility company incentives, miscellaneous grants, and other available funds that may exist for energy projects and programs.","If it is determined that the ESCOinstalled and maintained equipment and controls malfunctioned, then the ESCO must immediately correct the malfunction.","The City has elected to have rebates assigned to the City.","Submittal to the agency by the energy consultant of the detailed findings of the IGA.","Time specified in the proposals for the performance of the contract.","You may withdraw your proposal at anytime prior to the tme and date set for closing.","Contracts may be negotiated and executed outside of a formal procurement process based on established relationships with ESCOs.","Provide an overview of savings calculations methods for ECM.","Calculated plant and system loads closely match the actual installed capacity.","DESuses the Request for Qualifications document for advertising and conducting the competitive selection process.","Company, improper operation, or normal wear and tear under normal usage.","Simple payback analysesshould rarely, if ever, be usedselect an investment option.","The project team should identify those proposal evaluation criteria that are of most significant concern to the success of the project and hopefully have been identified in the proposal request.","Forgot to save your resume?","Provide a detailed estimate of the cost, savings and life expectancy of each proposed ECM.","ESA or MESA charges in the postproject scenario in Figure With the MESA structure, the provider assumes project performance risk as well as utilityprice riskthe risk that utility tariffed rateswill increase more than expected.","Comparison with published prices More applicable to cost analysis.","The FEMP ESPC team can make information from these pricing benchmarks available to acquisition teams developing ESPC projects with similar ECMs.","ESCO on behalf of the client.","Agreement is terminated earlier, shall end upon expiration of the Term.","How will you accommodate site inspectors and their findings?","For commercial and industrial customers, secured loans present challenges, since buildings have complicated existing financing structures that make it difficult to anew secured interests.","Become the Next Kudzu?","However, this intent does not commit the Cityto entering into such Energy Savings Performance Contract.","The ESCO in the first three years has made payments for not meeting stated commitments.","SECO staff we cultivated the following set of insights and recommendations.","The more attractive loan terms, as compared to market rate products, may encourage consumers to choose more efficient equipment through the program.","FAR conflicts with EPACT or the DOE Final Rule, the latter take precedence over the FAR.","The basis and methods for determining all cost savings of any kind must be agreed upon by the federal customer and the contractor and documented in the contract.","Putting these two subjects together, delivering water and wastewater services to consumers represents a very significant percentage of national electricity consumption.","Other States have long been resourceful about program funding strategies.","The cost of the energy surveys must be added in to determine the true ECM cost.","Identifying dedicated sources of internal funds can be a positive step to financing energy efficiency for many institutions.","Each has its own tax and accounting treatment.","Experts recommended cities have an inhouse project manager with technical credentials to oversee the project.","Plan as presented below.","Offering a list of qualified improvements that can steer participants towards highvalue projects that generate savings.","Click the help icon above to learn more.","Forecasts of planned expenditures.","PACE, several states chose to design their PACE assessments as subordinate to the first mortgage.","Supplementary Information in Federal Register documents.","Coordination of the Work.","What process do you propose for resolving issues and problems with us throughout this process?","Analysis of aggregate ESCO industry activity.","Down arrows to advance ten seconds.","The CONTRACTOR shall not be responsible for indemnifying for the acts or omission of the CITY, or the proportional share thereof.","Therefore, the most emphasis will be on qualifications and less emphasis will be placed on the cost information.","FACT SHEET: President Obama Announces New Actions to Bring Renewable Energy and Energy Efficiency to Households across the Country.","Additional useful information would include the profiling of buildings by prior developed energy benchmarks.","The energy consultant is usually the professional engineer who designs the project.","Used to define the need basis for performance contracting.","IDIQ contracts and how to get started with an ESPC project at your site.","Monitoring Phase: After construction, the ESCO will offer a variety of services to ensure savings are met, such as a savings guarantee, staff training, followup monitoring, and contract maintenance services.","ESCO Industry: Results from the NAESCO Database Project.","If the financing is not approved, please list requirements and time frame required for approval.","Initial Item This report has been distributed and reviewed by staff, owners, and all other applicable parties that may be responsible for implementing or maintaining elements of specific facility improvement measures.","Part of a successful contract negotiation is sorting out roles and responsibilities to avoid confusion during and after construction.","Certified copy of resolution of governing body making necessary findings and authorizing the contract.","If there are no savings, there is no payment.","You can often roll the cost of a new hire to oversee the project into the EPC.","Deployment of Energy Efficiency Technologies and Strategies.","Were they prepared by a licensed engineer?","SHOP DRAWING and each approved sample shall be kept in good order by the CONTRACTOR at the site and shall be available to the INSPECTING OFFICER.","An ESPC is an alternative financing tool to reduce energy use, modernize aging equipment, reduce maintenance costs, and deploy energy efficiency and renewable energy technologies.","In situations where the current light levels are below recommended light levels the design seeks to increase light levels to meet thetarget light levels.","The ESCO is responsible for developing, providing, and implementinga project commissioning plan.","The Commission maintains records for all local governments of principal and interest payments coming due on bonded indebtedness in the current and future years and monitors the payments by the local governments of debt service through a system of monthly reports.","Although the concept and process are proven, in the past some ESCOs have profited by failing to explain or inform Facility Owners of the key technical and financial decisions that need to be made by the Facility Owner.","The cost of the performance and payment bond shall be included in this category for the anticipated amount of work to be completed without expending contingency funds.","Distribution systems, Pumps, Controls, Conveyance systems, etc.","Where do I start?","Materials not meeting the requirements of the CONTRACT DOCUMENTSshall be removed from the Project by CONTRACTOR without expense to CITY.","Information and resources needed from Owner?","Any other factors the governmental unit deems necessary, which factors shall be made a matter of record.","Automated or computerized energy control systems.","The headings of this Contract are for purposes of reference only and shall not limit or define the meaning of the provisions of this Contract.","The energy conservation measures are for an existing building.","This will allow the comparison of cost and percentages that show efficiency of project execution.","Ogden City Energy Performance Contractof eligibility of all employees as allowed by law and the EVerify procedures.","Failuresubmituirieshisdeadliresin the inquiry not being answered.","Aggregate ESCO industry activity.","The Cityis responsible for providing any network drops required for the controls scopes of work.","Thus customers targeting lighting measures only can expect high accuracy in ESCO savings predictions.","Nonpayment of onbill tariff charges can also lead to utility service termination.","ESPC projects, including best practices, and to develop consensus among the federal ESPC programs on implementation recommendations to users of federal ESPCs for performing price review in future projects.","The termination of this Agreement by the shall release the from its obligation to provide maintenance, monitoring and training services after the effective date of termination, as well as its obligation to provide the Energy Savings Guaranty after the termination date.","Energy savings performance contracts shall be executed according to state guidelines issued by the comptroller, and the contracts shall be reviewed by the comptroller.","We reviewed legislation, executive orders, and federal regulations relevant to federal energy management.","Ogden City Energy Performance Contract of Replace existing Junction Parking garages interior metal halide fixtures with new LED fixtures with onboard occupancy sensor and photocell for perimeter daylighting controls.","These arrangements are backed by savingsguarantees or sharedsavingstype mechanisms.","This really needs to be an informal session with a certain comfort level being reached by both parties.","Government Procurement to Expand PV Markets.","Improvements to the technical tools and contract templates that support project development and execution.","Second, the credit of the Commonwealth, which is generally stronger than that of individual state entities, allows lenders to underwrite the Master Lease using more favorable credit data.","Term of Contract; Interim Period.","It will also be a part of the Facility Profile to request ESCOs for a proposal.","The program administrator secures a line of credit or other investment capital to fund PACE assessments.","If this scope is outsourced to a commissioning firm, this cost includes the turnkey cost to provide necessary commissioning services.","This will save time and money during the investment grade audit as information shared by the owner will promote early investment grade audit solutions.","Were there any changes in investment cost after the contract was let?","Makers Guide to Energy Saving Performance Contracting What is Energy Performance Contracting?","Prescribe any requirements for warranty walkthrough or other commissioning followup procedures.","Sharing this information enhances Customer and ESCO business relationships for beneficial discussions during RFP evaluation and final negotiations, and, in particular, sharing the requirements of North Carolina Statutes and any specific requirements that might be required by a local governmental unit.","USPS uses funds generated from postal rates to implement energy conservation measures.","Encourage Open and Timely Communication Open and timely communication between the ESCO and agency staff charged with performance responsibilities is crucial to a project success, especially during project commissioning.","Donald Gilligan used to make as a salesman for an energy service company.","The efforts are considered among the most successful energy efficiency programs ever attempted in the United States.","The next generation search tool for finding the right lawyer for you.","Was the design documentation adequate?","ESPCs entered into by that military department.","In other cases, facility staff may be used to provide some maintenance on the new equipment installed under the performance contract, with the ESCO providing any specialized services as needed.","In such an event, the ESCO and Facility Owner mutually agree on an appropriate modification.","But by that time, the damage was done.","List of Processes and Tables: Risk, Responsibility and Perfomance Matrix.","For savings estimates using computer simulations, the ESCO shall provide access to the program and all inputs and assumptions used, if requested by Issuer.","Information requested for database projects and completeness of key data fields Because of reporting biases, our large sample of projects may not be representative of ESCO industry activity overall.","Clients include state agencies, higher education institutions, municipalities, counties and schools.","ESCO Cost versus Design Completion GUIDE TO ENERGY PERFORMANCE CONTRACTING DEVELOPING THE NEED BASIS databases that are organized for similar scopes of work and can obtain an order of magnitude cost fairly quickly.","Nevertheless, energy baselines can still be developed using measurement of the equipment demand under various conditions and appropriate measurement of operating hours under similar conditions.","Once the budget is set, project proposals are submitted, evaluated, and ranked.","Such facilities shall be serviced regularly to avoid buildup of sewagewaste.","Comparison with published prices Comparison with competitive published price lists, published market prices of commodities, similar indexes, and discount or rebate arrangements.","State law will often provide limitations on indemnification clauses to be utilized in taxexempt lease purchase agreements.","Detail energy and water rates used to calculate cost savings.","CONTRACTOR usedmoney previously paid on account of Contract Sum; orany duty to make such inquiries.","Provide a clear methodology for converting energy savings into energy cost savings.","Onbill financingprogramsthat useutility bill payment history as their soleunderwriting criteriacan often be approved quickly.","Energy Performance Contracting is a turnkey project delivery method.","This shall be without prejudice to any other remedy the may have.","IGA phase, the proposal must indicate when inthe timeline that will occur.","To raise awareness in the private sector the Super ESCOs may conduct a marketing campaign, aggregate case studies, or finance exemplary projects to provide success stories.","National Energy Conservation Policy Act and DOE Final Rule.","Ecost savings to the federal customer and that these savings will be sufficient to pay the ESCO for its work over the term of the contract.","Were there any contract terms that the ESCO did not sign off on?","The following section looks at market barriers, which barriers impact which market sectors, and provides a quick guideon different financing products that might address different barriers.","Seasonal equipment ergy use should be measured during the appropriate season as much as possible.","The new bowls will include new bolts, wax rings, toilet seats, and grouting of each fixture.","The contracting officer may request the advice and assistance of other experts to ensure that an appropriate analysis is performed.","We will also make copies available to others on request.","Regardless, the ESCO providing the review should also be able to talk through how they chose the systems to be audited and the results.","Ideally, this can be done in coordination with the ESCO, but may also be done through independently secured financing.","Why Are Leases Used?","Cost analysis shall be used to evaluate the reasonableness of individual cost elements when cost or pricing data are required.","Larger national institutions may offer turnkey solutionsthat reduce administrative hassles and may reducetimeand dollars spent onprogram design.","Collecting all the information under one unique ECM tracking number provides a good documentation procedure for energy use history, current and future projected consumption, and implementation cost for installation.","Thus the customertakes price riskthe risk that tility rate tariffs increase more slowly than the escalation ratehe ESAprovider assumes the performance riskthe risk that the ECMs do not produce the estimated energy savings.","North Carolina State University has many technical resources that are expert in the energy and engineering fields and on a daily basis perform engineering analysis of complex integrated energy problems involving engineering calculations and equipment performance analysis.","If a partial termination, the remaining ECMs must ing payments in the remaining years of the term.","Verification of Dimensions and Existing Conditions.","Schools in North Carolina In recent years, school administrators have experienced significant increases in utility costs and struggle to budget for these and other facility operational costs.","The shall be responsible for the contracted quality and standards of all materials, components or completed Work furnished by the ESCO pursuant to the terms hereof.","Listen even harder for the reasons and interests underlying their statements.","Focus on other energy efficiency barriers.","For example, ESCOs often benefited indirectly from information, education, and technical assistance provided to customers as part of these programs.","Changes in facility temperature.","Firm B is first in the evaluation analysis and presents the strongest proposal based upon the selected criteria.","Detailed operating hour baselines have been developed; the values were presented to the City in the IGAto identify the acceptable values to be used in the savings calculations.","Table indicates that the product generally does not address the barrier.","Despite an uncertain regulatory outcome, residential PACE programs in California and Florida have moved forwards, with the vast majority of residential PACE projects concentrated in California.","In ESPC, price benchmarks are useful in reviewing price proposals, to eliminate from scrutiny prices that are in the expected range and focus attention on other prices.","When NH saves, we all win.","The shall be compensated for such maintenance and monitoring services pursuant to Schedule C hereof.","They are to be used for instruction and professional guidance.","Some preliminary technical assistance will be provided to help clients explore the concept and some clients may choose not to move forward so no fee will be collected.","If a facility does not have EEMs that meet the costeffectiveness criteria established by the client agency there is no cost to the client for the audit.","The schedule will also identify facility schedules that affect the times that are available or not available for construction.","State the number of years the company has been involved in the energyefficiency related business.","Describe variables affecting baseline energy or water use.","Onbill financing programs are also highlighted as applications based on utility payment history for underwriting purposes can often be approved quickly.","ESCO Industry Market Activity.","The cost will be adjusted in the event that audited square footage is changedby either the ESCO or the City.","We used this project the net savings over the lives of the EPCs.","The SEO has qualified many of these and today there are opportunities for multiple bidders.","Project Number and Title.","How did you handle all of the legal requirements of contracting for design services and construction?","Ask for comments on the quality of design documents prepared by the proposer.","Guaranteed energy savings contracts.","The chief energy officer of the Hawaii state energy office shall provide training to affected departments on the ENERGY STAR portfolio management or equivalent tool.","The following outline and questions are suggested for reference interviews.","Thescope of the IGAshould include a list of any facilities that will be investigated in the audit.","However, choice of underwriting appears to significantly influence application approval rates.","Screening and painting of new equipment is excluded.","Publishing an announcement on each occasion when professional services provided by a consultant are required by the agency; or Announcing generally to the public its projected requirements for any category or type of rofessional services.","The purpose of this is to place reasonable limits on potential savings.","Find out how efficient your car is using our comprehensive rankings.","NEGOTIATIONSGUIDE TO ENERGY PERFORMANCE CONTRACTING This page left intentionally blank.","We do not discriminate on the basis of race, color, religion, sex, marital status, disability, age, or national origin.","ESCO clients find the ESPC model attractive for various reasons.","FAILURE TO PERFORM OBLIGATIONS.","This request for information is issued to solicit input on further potential improvements to ESPCs, with emphasis on improvements to the FEMP IDIQ contracts.","Comprehensive commissioning is usually performed by the ESCO or an independent commissioning agent hired by the owner to ensure that the equipment is performing to designed capacity.","In the event that the submitter has not filed a legal challenge in a court proceeding within ten days of notification of the request for public records, the City will disclose the information requested.","Party Engineer Reviewise in matters involving technical support documentation of calculations, specifications and drawings of the Engineering Services Agreement Schedules and Technical Audit can be a valuable asset to performance contracting success.","Contract along with description of the alleged failure.","ESCO could have developed the scope of the Work in such a manner as to avoid said hazardous substance or material.","Information provided by the offeror is only to be used if necessary.","Was the IGA cost incorporated into the total cost of the contract?","If the organization has technical staff support, such as engineering personnel, those persons should certainly haleadership if so experienced and capable.","The total of the amounts requested must not exceed those that would have been requested in the absence of ESPCs.","Per Therm Note: cost per therm during Oct.","However, if the ESCO is being considered for responsibility of maintenance, the capabilities of the ESCO to perform this function needs to be defined in the Project Definition for inclusion in the RFP.","Your response should be in the form of a Word document, or a compatible format.","Retrofit LED kits will be provided on decorative poles where applicable.","Some public works projects can take as long as six years to complete: identifying theproject and requestingfunding in the first biennium; designingin the second biennium; and, construingin the third biennium.","The contractor should have working knowledge in documenting and monitoring maintenance procedures using software such as Maximo.","Investment Grade Audit, Commissioning Plans and Reports, Measurement and Verification Plans and Reports, etc.","The turnkey nature of these projects makes the use of hard bid solicitations impractical.","What was the interest rate of the loan?","Payment for purchases made under this Contract will be the sole responsibility of each participating agency.","CONTRACTOR, signed by the CONTRACTOR and the CITY, authorizing an addition, deletion or revision in the WORK within the general scope of the CONTRACT DOCUMENTS, or authorizing an adjustment in the CONTRACT PRICE or CONTRACT TIME.","Department of Housing and Urban Development, Federal Housing Administration.","Additionally, he has encouraged the use of ESPCs at the state and local levels through the Better Buildings Challenge initiative.","The North Carolina Association of County Commissioners serves as thbefore the executive, legislative and judicial branches of state government.","ESCO or ESP, and investors.","Recent seminars have been devoted to the processes of successful negotiations.","Define requirements for Citywitnessing of measurements if different than whole project data requirements.","Ogden City Energy Performance Contractof FIELD ORDER A written order effecting a change in the WORK not involving an adjustment in the CONTRACT PRICE or an extension of the CONTRACTIME, issued by the INSPECTING OFFICER to the CONTRACTOR duringconstruction.","GUIDE TO ENERGY PERFORMANCE CONTRACTING MONITORING, MEASUREMENT, AND VERIFICATION d for each project.","Since then, ESCOs have rebounded.","ADMINISTRATIVE INFORMATION Site Visit.","You have entered an incorrect email address!","Clarify who is responsible for performing replacement of failed components or equipment replacement throughout the term of the contract.","ECMs provide information regarding product site installations.","Cut back chilled water lines to extent necessary for chiller removal.","Training sections cover task order ordering procedures, contractor selection, energy saving technologies, risk and responsibility, measurement and verification, understanding task order schedules, pricing and financing aspects of the project, and post award contract administration.","The terms and provisions of such an Energy Savings Performance Contract will be set forth in a separate contract.","Executed preventive maintenance and repair records.","SECO may be able to provide guidance in finding qualified thirdparty engineers with familiarity of performance contracts.","ECMs that are leased are lighting systems, heating and cooling systems, energy management systems, and cogeneration plants.","How are costs assigned to energy savings?","Subcontractor is paid and shall provide a copy the document to CITY.","Define the qualifications and affiliation of the commissioning agent, and provide an overview of the roles and responsibilities of the commissioning agent, ESCO and the Cityin the commissioning process.","Figure dimensions on DRAWINGS shall govern over scale dimensions, and detailed DRAWINGS shall govern over general DRAWINGS.","Prompt payment procedures apply.","By leveraging utility savings along with grants, utility rebates and capital dollars, projects can typically be funded within existing operating budgets.","Energy savings can be estimated, but not be directly measured.","These are the Standards of Comfort upon which the savings estimates and guarantee are based.","Pertinent facts should be fully disclosed early in the resolution process with the ESCO and the agency devoting sufficient time and resources to the proper evaluation of viable options.","Were the costs for each ECM based upon calculations and assumptions or were there base and post retrofit measurements made by instrumentation?","Late proposals shall be rejected.","Warranties and Disclaimer of Warranties The lender typically shall disclaim all representations or warranties relating to the suitability or performance of the equipment.","Also, as noted earlier, the ESCO may offer to take responsibility for maintenance and even operation of existing equipment.","Minimize financial and technical risk from the Owner The RFP and contracting process has four phases: RFP Phase: Through this RFP, an ESCO will be selected based on written proposals and a final reference check.","If projects fail to perform as well as planned, the ESCO is responsible for covering the energysavings shortfall and will be responsible for replacinganyfailed equipment.","The REM shall recommend policies to establish the installation energy savings plan, which shall comply with the appropriate Federal Executive Orders and Regulations.","It also enables them to afford energy improvements without having to issue a bond or seek voter approval.","These fixed charges are subject to appropriate adjustment for statutory changes in payroll taxes or insurance.","Understand the performance period or life of contract quality assurance agencies are required to maintain.","The addition of contingency funds to a project may impact or modify the competition date, utility savings, the guarantee of savings, project collateralization, operation and maintenance requirements, training requirements, and other items.","Engineering Analysis Reasonableness of methodologies to determine the baseline and savings.","Proficiency in IBM compatible PC, related peripherals, and operating system enhancements is required for all performers assigned to this Task.","Did the IDA specify adequately the handling and disposal of hazardous materials associated with ECM installation?","Congress first authorized Federal agencies to enter ESPCs.","Some examples of what might be included in a preliminary Facility Owner generated scope of work for RFP consideration follows.","Small Business Energy Advantagebill programs serving small businesses have managed to achieve large volumes by offering generous incentives.","IGA phase mustbe indicated on the timeline.","Comp Insurance is not included in this line item and shall be included in the appropriate burdened labor cost categories.","Maintenance personnel receive stepstep procedures and the required parts to complete a planned or unplanned maintenance activity.","Provide overview of how construction period savings are calculated.","All costs avoided by the CITY from any steps takenby CONTRACTOR in the Facilities will be included in the Verified Savings for each year.","Coordinate deepdive troubleshooting with commissioning teams at challenging sites.","The CONTRACT The Contract Documents form the Contract for Construction.","But there may be upsides, experts suggest.","Provide an overview of savings calculation methods for ECM.","The shall give the ESCO written notice as soon as practical if the issuer has reason to believe that any portion of the work is nonfunctional, or otherwise nonconforming.","The federal government is the largest single energy user in the nation.","All deliverables will be subject to the approval of the Contracting Officer, unless otherwise indicated by the Contracting Officer.","The ESCO will complete an investment grade Investment Grade Audit that will include an analysis of each proposed project with that includes recommended measures, financing term and projected annual cashflow analysis.","For the sake of minimizing verbiage, the following conventions are used in the examples.","Click this link to visit our Youtube account in a new tab.","HVAC equipment not specifically called out in the scope of work.","This does not necessarily mean a city should turn over all oversight to the ESCO.","Installation period savings may be calculated for the owner to be used for cash flow management issues.","Quality of past projects completed with respect to scope and documented savings.","The expense of these BONDS shall be borne by the CONTRACTOR.","WORK to cover the cost of general overhead and profit.","Classify the buildingautomationsystem points to specificpoint types and pieces of equipment in our AEM platform.","Services have an emphasis on monitoring and verification options and the assumption of risk, including mediation services if disputes arise.","Energy engineering includes all energy modeling, energy savings calculations and any additional energy engineering costs that were not accounted for in TEA costs.","The benchmarks can be used to focus effort by eliminating prices that appear to be reasonable from further scrutiny.","SOLUTIONS: What problems have you had in other performance contracting projects.","Describe the status of equipment ownership and service responsibility at contract expiration.","His efforts and long work hours contributed to our success.","Savings guarantees are mandatory.","The ESCO will satisfy warranty items as required.","Plan established for each ECM has been reviewed and accepted as the means by which guaranteed savings will be evaluated.","Because USPS is excluded from this provision of the act, USPS officials said that USPS can keep the rebate in full.","Do not include individual resumes in lieu of this information.","Department of Energy Resources.","The project manager shall not have less than two years of documented experience in responsible field supervision for projects of comparable size and complexity.","We suffered for this during the project until the new project manager was able to come up to speed on the learning curve.","ESCOs operating in NC.","Methods and Procedures for Energy Savings Performance Contracting.","ESCO winner will perform a detailed investment grade audit at a later date prior to final contract award.","Utilizing a specialty firm that has experience and knowledge in this energy estimating work can provide the need basis for performance contracting.","ESCO allows them to study, design, build, and implement the energy savings projects.","In an ESPC, a single ESCO obtains financing to purchase and install equipment at a government site.","Who are some likely candidates to provide the information required?","Work which requires the submittals without written approval by the The responsibility for errors, omissions, deviation from existing conditions, or deviation from the Project Documents in submittals is not relieved by the review and approval thereof.","However, secured loans have highertransaction costs and take longer to execute than unsecured loans.","BONDS Performance and Payment Bonds and other instruments of security, furnished by the CONTRACTOR and his surety in accordance with the CONTRACT DOCUMENTS.","This bidding process differs from standard public works procurement.","Use the international performance and measurement and verification protocol standards or the federal energy management program standards to validate the savings guarantee.","Deviations from this may be possible during the submittal review process, subject to equipment availability and assuming uniform cost.","Tomorrow: cracking the private building market.","Electricity savings by retrofit strategy.","In addition, sample lighting and motor survey forms are also available in spreadsheet form.","Under a EUA, owners of commercial and industrial properties can access funds from a finance provider for energy, water and other environmental improvements.","Building Changes: The Baseline may be adjusted to account for any building square footage changes, remodeling, addition of equipment or change in usage.","Maintain all sequence of operations and performance criteria related to installed systems as proposed and designed.","It is advisable to have a process in place to confirm, by mutual sigoff, that performance problems are solved.","The proposers are notified of the date, time, and location of the oral interviews; they also receive an outline for their presentation.","The inputs to this model are adjusted until the predicted energy use agrees closely with the historical use.","In the case of many savingsbacked arrangements, anticipated savings are expected to exceed financing payments, in effect making the project cashflow positive.","Email or username incorrect!","Nonetheless, the Agreement shall be effective and binding upon the parties immediately upon its execution.","IGA has definedthe scope of work and a GMax.","However many rental interruption insurance contracts are limited to cover payments for a fixed number of years which period is deemed adequate to restore the equipment to useable condition.","The details of this analysis provide the basis for energy savings and should be evaluated carefully.","Department of Energy utility price indices.","Various verification techniques will be employed.","Energy Performance Contracts eliminate project risk from the decision of the company or local government investing in the project.","ESCO and the agency and are specified in the task order.","Casetext are not a law firm and do not provide legal advice.","Project Documents may be sought to be enforced, nor to the time within which proceedings may be commenced to establish the liability with respect to its obligations other than to specifically correct the Work.","Certificate is submitted to Customer.","ESA provider are secure and predictable.","However, providing some basic building and energy usage data at the very beginning can help determine if proceeding with an energy audit makes sense.","It is also important to do proper research regarding the needs of the city and what you are hoping to accomplish with the ESPC.","ECMs to the base model to show ECM interaction.","Contracts under this subchapter shall be energy savings performance contracts and shall require an annual energy audit and specify the terms and conditions of any Government payments and performance guarantees.","Photo Credit: Geoff Wilkinson Jr.","Attachment BCost and Pricing Definitionsto ensure constructability.","Latent conditions at the time the Baseline was prepared, may have a material effect on energy consumption.","Other information required to be delivered under this contract, but not covered under this Commercially Valuable ESPC Project Data clause, shall be delivered in accordance with this contract.","At the end of the lease, the lessee owns the leased asset.","Energy Economics In this final section, current electric and gas rate structures are defined in the computer model.","Discussions with ESCOs should make this clear as well.","Government of the United States, whether or not it is within or subject to review by another agency.","This interpretation of the FUNDING OPTIONS provision is consistent with the purpose of the ESPC program and is consistent with the existing statutory limitations in NECPA.","WBE required subcontracts or break out into a separate schedule.","The important thing is to recognize that this must be accomplished and it is a very important step to reach an amenable agreement that is fair and equitable to both parties as much as possible.","Annual Guaranteed Cost Savings.","When not working, Michael is dedicated to his wife Pam, his extended family and his constant companion, his golden retriever, Frank.","Constructionperiod savings will be a reality and will provide a buffer for any potential schedule extensions.","Other Cost Reductions State and local actors mayalso pay some of the financing costs associated with loans for energy efficiency projects.","We elected to have three ESCO maintenance people under a separate contract for service of the HVAC systems.","Consumers may be hesitant to invest in efficiency measures that will not pay back during their tenancy.","Lawrence Berkeley National Laboratory, Berkeley, CA.","The contractor shall prepare an annual energy report, and nominations for energy awards from higher headquarters.","Provide specific goals for the project in the RFP, including any energy reduction targets that the local government has adopted.","The President of the United States issues other types of documents, including but not limited to; memoranda, notices, determinations, letters, messages, and orders.","Work and the conditions under which the Work is to be performed, All dimensions and existing conditions have been verified by the during the energy audit conducted at the Premises by actual measurement and observation.","Failure or inadequacy of any structure or foundation supporting or surrounding equipment or work or any portion thereof.","They plan to upgrade some process equipment in the building at the same time which would reduce personnel needs, but does not save energy.","INSURANCEContractor shall maintain insurance as required in the Request for Proposal for the duration of this contract.","Proposals must be prepared as described in Attachment C: ESCO Response.","Selling Guide: Fannie Mae Single Family.","Energy Savings Performance Contract.","In practice, other procurement options may be preferable.","We party could be a District employee or an outside contractor.","Is energy efficiency policy working?","In most cases the government pays nothing up front, but agrees to make regular payments to the ESCO out of the energy cost savings generated by the equipment.","PROJECT CASH FLOW ANALYSISThis schedule contains a spreadsheet depiction of the expected financial performance of the project throughout the entire contract term.","Different About ESPC Projects?","The better you communicate, the harder you prepare, the more you concentrate on the situation and the interests of both parties, the better equipped you are to recognizea dilemma.","References in this document do not constitute an endorsement by the USEPA, LOSRC, or contributors of the views expressed in this guide.","Ask whether maintenance and repair services are included.","Tax Exempt Lease Purchase?","ESCO is fulfilling its responsibilities and that any shortfall in energy savings will be covered by the ESCO.","Federal Energy Efficiency Fund.","This is sometimes addressed by using the average of two or more years to establish the baseline.","ECMs must be dropped to make the project pay from savings.","Another approach would be to consolidate the appropriate construction language for inclusion in the body of the final contract.","Project Team or an Excessive Guarantee Costs In some cases, the risk of failure to meet not warrant or justify GUIDE TO ENERGY PERFORMANCE CONTRACTING INTRODUCTION the cost of the guarantee.","In the project planning stage, the main concern is to put these questions on the table so that the acquisition team recognizes the importance of price reasonableness and can begin considering how to address it.","FEMP evaluates ESCOs interested in performing these Super ESPCs based on demonstrated capabilities to manage the development and implementation of multiple ESPC projects over a large geographic area.","Report on guaranteed energy savings contracts entered into by local governmental units.","Price lists, catalogs, and cost estimating guides are generally most useful in cost analysis.","The opinions expressed in this report do not necessarily reflect those of NYSERDA or the State of New York, and reference to any specific product, service, process, or method does not constitute an implied or expressed recommendation or endorsement of it.","Reimburse the agent for any shortfall of guaranteed energy cost savings on an annual basis.","PUBLIC SAFETY ANDTRAFFIC CONTROLThe cost of all safety and traffic control devices necessary to complete the Work shall be included in the CONTRACT PRICE.","Energy Audit, the Issueragrees to reimburse the for the cost of the Energy Audit as detailed herein.","The funds are kept in a regular State of Kansas account.","Rebate and Grant Applications: The contractor shall provide a copy of the rebate and grant applications with all supporting rationale.","Stored materials and equipment to beincorporated in the WORK shall be located to facilitate prompt inspection.","This improves clarity and makes it much easier to evaluate your proposal.","Even with all these energy and cost saving opportunities, few local governments and schools districts can make the investments to upgrade energy management systems, HVAC systems, lighting, or restroom water fixtures.","Department of Enterprise Servicesthrough a request for qualifications, a licensed engineer that is a certified energy manager, a project resource conservation manager, or an educational service district resource conservation manager.","Examples of Energy and Water Cost Savings Less Energy Use.","When some functional testing has been deferred, acceptance of the project is conditional upon the success of the scheduled tests.","How Have Secured Loans Been Used to Date?","Even if those contracts exist, and companies are willing to share them, the level of contract scrutiny required from Scottish government, and a green light for each individual project under that structure, is not insignificant, says Dapr\u00e9.","An agent, or two or more agents, may enter into a financing agreement with a qualified provider or the financial institution, trustee or paying agent for the purchase and installation or implementation of energy cost savings measures.","In an operating lease, the lessee may treat lease payments as operating expenses.","Total Estimated Project Costs and Financing Cost Total Estimated Energy Savings over Contract term I certify that these are the estimated project costs and energy savings projected by ______________________________________ qualified provider, selected by the local governmental unit.","Theris at leasone notable counterexample to the argument above.","PBS should ensure that the PMO more involved in monitoring ESPC projectsafter contract award.","All material and equipment installed as part of the Work must be inspected, tested and approved in accordance with the Project Documents and this Agreement prior to its use.","Similarly, it is crucial that city finance and accounting departments are updated on project status through the performance phase.","AUDIT: Explain your process for conducting the Technical Energy Audits?","Identify the individual who will have primary responsibility for each task and phase of the project.","The program can then offer new loans fromthese repayments.","Thus, the ESPC selection process is driven much more by bidder qualifications and innovative value proposals than by price.","The energy consultant will present to the agency a written finalized IGA.","The CONTRACTOR shall be fully responsible to the CITY for the acts andomissions of his SUBCONTRACTORS, and of persons either directly or indirectly employed by them, as he is for the acts and omissions of persons directlyemployed by him.","PDF of this article.","Prepared for the Green Ribbon Commission.","Detail expected savings for this energy conservation measure for first year.","ESPC project may be subject to final inspection or other conditional criteria.","Agreement shall constitute the entire agreement between the Parties and this Agreement may not be amended or modified except by a written agreement signed by the Parties hereto.","What were the consequences of failure to meet guarantee?","Also investigate if local governments have this capability.","The contractor shall use information management systems, spreadsheets, meter and billing databases, and expertise to identify and help correct anomalies in facility energy use.","However, the contractor bears the ultimate risk regardless of which party performs the activity.","The resulting model is then used as the base model from which all energy and cost savings are computed.","Work as specified herein.","Organizations should have a utilities cost management process in place that will span personnel changes.","New York State, because initial financing comes from NY Green Bank.","ESCO as the procurement officer deems to be necessary to protect the Cityagainst loss because of outstanding liens or claims of former lien holders and to reimburse the Cityfor the excess costs incurred in procuring similar goods and contract services.","Prepare for varying demands on the budget where outgoing funds to pay for technical assistance may not be on the same timeline as expected incoming fees.","Commonwealth uses a Master Lease structurein whichthe Commonwealth of Virginia is the lessee and individual leases are added as appendices to the Master Lease.","Canada and the United Kingdom.","Warranty Commencement Date stated below with respect to the following corresponding equipment or work: ISSUER, by and through the undersigned duly aulisted Services as substantially complete and assumes full possession thereof as of the Date of Substantial Completion.","Preparing a Facilities Profile.","The Intern will gain insight and hands on experience by supporting the General Accounting team in the accounting and financial reporting for renewable energy projects.","As part of a comprehensive energy retrofit project, the contractor replaces an aging chiller.","Detailed Presentations and Reports: The Contractor shall prepare detailed presentations and reports concerning energy activities as needed.","Is there a need for assistance from outside sources?","DOE energy savings performance contracts help Federal agencies meet energy efficiency, renewable energy, water conservation, and emissions reduction goals by streamlining contract funding for energy management projects.","Borrowing to Save Energy: An Assessment of Energy Efficiency Financing Programs.","Who is completing the audits?","How accurate have you predicted energy performance on past projects?","There can be broad ranges to these percentages due to different infrastructures and equipment.","Banking Review: Mortgage Originations.","ECMs are functioning properly and providing the energy savings as defined.","This following section summarizes the results of this analysis based on the vendor program output reports.","Interest rates can be lowered and terms extended on any product through creditenhancement, potentially expanding the number of cash flow positive projects.","In this case, using a particular year or average of previous years will underestimate the savings.","The energy and water baselines established during the ASHRAE Level II energy audit are validated in the Investment Grade Energy Audit.","For buildings where tenants pay for utilities, it works with the building owner to recoup costs through common area maintenance charges.","Acceptance Activities Review trends of KPIs to ensure that savings persist; update models as necessary.","To comply with this requirement, PBS should verify the accuracy of savings reported by the ESCO as recommended in our audit report.","How have they performed in terms of responsiveness?","Procurement of lowcost utility supplies of all types, including electricity, natural gas, propane and water.","We obtained comments on a draft of this report from DOD, DOE, DOT, GSA, VA, and USPS.","In addition to labor, this line item may include formal classroom training, trainingvideos, online training programs, and other training efforts that include labor and materials required to provide necessary training to the Owner.","State appropriations to any local government unit shall not be reduced as a result of energy savings occurring as a result of a guaranteed energy savings contract.","Savings will be verified at the originally proposed loads regardless of future changes.","This line item does not include design fees or engineering labor to work with code officials or submit permit applications.","The design, procurement, construction, commissioning, and final acceptance for the work should be indicted.","These percentages must be equal to or less than the maximums proposed in the ESCO prequalification process.","Issuershall include all required policy provisions, and shall also include the following attachments.","Some contracts are for just one building or a sample of buildings, while others are for managing an entire portfolio of buildings.","This Agreement and the construction and enforceability thereof shall be interpreted under the laws and solely in the courts of the State of North Carolina.","Calibrated Simulation Energy use is simulated for the whole facility.","ECM implementation or construction period and after project acceptance.","ESCO or ESP neededand they assume more performancerisk than nonresidential ESA providers.","Thus, occupants that rent or own for short durations may not want to invest in energy efficiency measures.","This is the recommended approach.","Ogden City Energy Performance Contract of eriatancincluding but not limited to asbestos, lead, or PCBs.","ROADWAY LIGHTINGTree trimming for branches over two inches in diameteris excluded.","GUIDE TO ENERGY PERFORMANCE CONTRACTING PROPOSAL EVALUATIONS This page left intentionally blank.","Designbuild subcontractors act as their own design agent and finalize the design of the Work Product to be installed.","Many employ credit enhancements or interest rate buydowns to improve loan terms.","Once the scope and cost have been agreed upon, the ESCO completes the installation or construction of the energy improvements.","For this reason, price lists and guides find more use in cost analysis than in price analysis.","We have provided a link to this site because it has information that may interest you.","Two of the six agencies have legislatively mandated dollar thresholds for energy projects.","Likewise, no two contracting mechanisms are identical.","Reconnect power to the new aircooled chiller.","Accounting for energy conservation funding differs for several reasons.","The complexity of the retrofit and the breadth of the Scope of Work will dictate costs that are relevant to the performance contract and the details for engineering and construction.","Facility Owner know the energy saving potential and approximate cost of the project prior to involving ESCOs.","ESPC contain additional terms and conditions that may add or change ESPC requirements.","Although the MESA provider can make payments as a signer, it does not have full responsibility for the account; all repercussions of nonpayment impact the primary account holder solely.","The timelinefor completing the IGA should identify major milestones, including decision points for the agency to identify individual EEMs and when certain information is due.","The release of a final decision on the issue of leases has been postponed several times already.","It is beneficial to have a handle on the state of city assets prior to beginning the conversation with an ESCO.","Loads Accurate architectural data for the facility were obtained from architectural plans provided by the Issuer.","Provide boiler water treatment with corrosion inhibitor.","The energy cost savings expected to result from the installation of the ESCO equipment and ESCO services arebased on the baseline energy consumption previously developed.","INSPECTING OFFICER, with reasonable promptness and in orderly sequence, all shop drawings and samples required by the CONTRACT DOCUMENTS.","The estimated energy savings identified in the finalized IGA and the verified energy savings should be identified in tabular form for easy reference by the agency.","If the energy consultant identifies cost effective measures and the agency decides not to proceed, the energy consultant will be reimbursed the preauthorized fee for the IGA.","Schedules may be finalized during negotiations, prior to execution of the ESA.","The subcontractors shall include a substantially identical indemnity as a named indemnitee.","Existing corn cob LED lighting lamps will be replaced with LED retrofit kit or new LED fixtureswhere applicable.","Most projects do not miss the projected savings by a significant percentage, especially in the later years of Cream Skimming Sometimes, ESCOs specialize in or promote energy savings projects with fast payback measures.","OPTIONAL SCHEDULESPREEXISTING SERVICE CONTRACTS Information regarding the scope and cost of preexisting equipment service contracts should be located in this schedule.","These costs may not be representative for all utilities that implement an onbill loan charge.","SCHEDULE: Can you meet the proposed project deadlines?","There is no conflict in these regulations pertaining to price reasonableness determination.","Remodeling or upgrading existing facilities involves labor cost for services, materials and equipment costs.","State Agencies with performance contracts.","Provide postacceptance performance period energy and water rate adjustment factors.","Provide licensure information with your prposal.","Procurement statutes allowing agencies to enter into ESPC agreements usually limit those opportunities to ESCOs, the companies whose primary business offerings are ESPCs.","In some cases, customers may be willing to do this because of the substantial nonenergy benefits that are often associated with energyrelated measures.","There have been proposals to advocate that FASB define leases in a way that would support energy efficiency.","Does prior performance contracting experience meet RFP requirements?","Clearly specify how weather corrections will be performed.","Each ECM designated below shall constitute a distinct portion of the PROJECT for which a substantial completion certificate may be sought by the CONTRACTOR and granted by CITY.","Briefly introduce yourself and describe the project for which the proposer is being considered.","Triple Net Lease The typical taxexempt lease purchase agreement makes the municipal entity responsiblefor all risks of ownership, including the cost of all maintenance, taxes and insurance on the financed property during the lease term.","In other words, PBS can use the guaranteed cost savings of the ESPC to fundthe energy upgrades and building improvements without increasingits costs.","Some borrowers may not have sufficient equity in their home or commercial assets to qualify for a secured loan."]