SCOPE OF INVESTMENT GRADE ENERGY AUDIT AND REPORT Sample Clauses

SCOPE OF INVESTMENT GRADE ENERGY AUDIT AND REPORT. The ESCO will perform an Investment Grade Energy Audit and prepare a detailed engineering and economic report (the "Report") which specifically identifies the energy improvements and operational changes which are recommended to be installed or implemented at the Facility(s). The Report shall contain detailed projections of energy and cost savings to be obtained at the Facility(s) as a result of the installation of the recommended energy conservation measures (ECMs) and financially guaranteed by the ESCO. The savings calculations must utilize assumptions, projections and baselines which best represent the true value of future energy or operational savings for the Facility(s), i.e.: utilize: accurate marginal cost for each unit of savings at the time the audit is performed; documented material and operational costs actually avoided; adjustments to the baseline to reflect current conditions at the Facility(s) compared to the historic base period; calculations which account for the interactive effects of the recommended ECMs; etc. The Report shall clearly describe how utility tariffs and/or rebates were used to calculate savings for all ECMs. The Report shall describe the ESCO's plan for installing or implementing the measures in the Facility(s), including all anticipated hard and soft costs associated with such installation and implementation. The ESCO shall competitively bid each and every ECM that the ESCO intends to subcontract out, and provide the Owner/Operator with the proposals and pricing information from each bidder. The Owner/Operator may require that certain reputable and qualified contractors with whom the Owner/Operator has an existing relationship be allowed to bid for a given ECM. The primary purpose of the Report is to provide an engineering and economic basis for negotiating the guaranteed energy savings contract between the Owner/Operator and the ESCO; however, the Owner/Operator shall be under no obligation to negotiate such a contract.
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