Guaranteed Savings.

Web Abstract: 
Discusses performance contracting that pays for capital improvements with savings realized when the improvements lower energy consumption. A performance guarantee from the contractor ensures that if the expected savings are not achieved, the contractor compensates for the difference. The approaches to performance contracting described are: request for qualifications (RFQ), request for proposal (RFP), and negotiation. Procedures for determining energy savings expectations and monitoring the project are detailed.
Author: 
Daniel, Wesley
Journal: 
American School and University
Publication Date: 
11/30/2005
Page Numbers: 
32-34
Resource List Category: 
References to Journal Articles