Guarantee phase Sample Clauses

Guarantee phase. Once the implementation phase is finished and the project is officially ready to take in use starts the guarantee phase. Guarantee phase in alliance model is typically longer than in traditional procurement models, at least five years. Alliance project team monitors the outcome assessed by owners as used by the users and managed by the alliance management team. During the guarantee period, the KPIs are followed actively: energy (before/after [%]), environment (before/after [%]), economy (LCC [€], ROI [%]), social (profile) and process (replicability and scalability). For example, if there are a target for energy consumption it is good practise not to have longer than one month period between follow up steps when actual consumption is measured, compared to set KPIs and reported to alliance parties. Short follow up period makes it possible to react if deflection between consumption and KPIs are noticed and make necessary correction as fast as possible. Fast reaction enables fast corrective measurements. Annual KPI targets can be achieved even though individual months overcomes consumption. Based on actual performance and their relations to targeted KPI levels alliance parties will receive bonuses or payments during the guaranteed period. This process phase results in assessed value of the district refurbishment project.