Term -Energy-savings Performance Contract

A contract that requires the contractor to:
    (1) Perform services for the design, acquisition, financing,
installation, testing, operation, and where appropriate, maintenance
and repair, of an identified energy conservation measure or series of
measures at one or more locations;
    (2) Incur the costs of implementing the
energy savings measures, including at least the cost (if any) incurred
in making energy audits, acquiring and installing equipment, and
training personnel in exchange for a predetermined share of the value
of the energy savings directly resulting from implementation of such
measures during the term of the contract; and
    (3) Guarantee future energy and cost
savings to the Government.

Pin It on Pinterest

Share This