Performance contracting definition

Performance contracting means all programs designed to save energy that are guaranteed by a company or contractor for the political subdivision. The company or contractor guaranteeing the programs may include, but is not limited to, lighting, water conservation, water management companies, or contractors that specialize in servicing energy savings equipment such as mechanical or electrical systems and energy services companies (hereinafter referred to as ESCO).
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Performance contracting means all programs designed to save energy that are guaranteed by a company or contractor for the political subdivision. The company or contractor guaranteeing such programs may include, but are not limited to, lighting, water conservation, water management
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Examples of Performance contracting in a sentence

  • Performance contracting is a part of the broader public sector reforms aimed at improving effectiveness and efficiency in the management of the public service.

  • The Vendor may partner with Energy Services Companies (ESCOs) to provide Energy Performance contracting services.

  • Performance contracting was new to WCSD staff, so ▇▇▇▇▇▇▇ also spent significant time educating district staff on the ESPC (e.g. escalation rates, guarantee structure, payment periods).

  • Performance contracting comprises a range of management instruments used to define responsibilities and expectations between parties to achieve mutually agreed results.

  • Performance contracting is a freely negotiated performance agreement between a government, acting as the owner of a public agency and the management of the agency.

  • Performance contracting is administered annually and monitored through submission of quarterly and annual reports to the Government for evaluation of achievement of targets.

  • IFPEB got propositions for the management of 7 new communities about smart grids, Energy performance contracting (ESCO side), Electric security, HQE performance experiment, training, sustainable urban development, biomimicry in eco-design and has already launched a new one “Energy Performance contracting and commissioning”, managed by IFPEB (23th of February 2012).

  • Performance contracting when cascaded, measures performance at all levels including individual employees.

  • There are also many other measurement systems, such as Performance contracting which is used in Kenyan public sector, the Performance Pyramid System and Performance Matrix (the result/determinants matrix) and performance prism (Metawie & ▇▇▇▇▇▇, 2005).

  • Performance contracting was introduced to enhance performance in local authorities to address decline in service delivery.

Related to Performance contracting

  • energy performance contracting means a contractual arrangement between the beneficiary and the provider of an energy efficiency improvement measure, verified and monitored during the whole term of the contract, where investments (work, supply or service) in that measure are paid for in relation to a contractually agreed level of energy efficiency improvement or other agreed energy performance criterion, such as financial savings;

  • Performance Corridor means the acceptable range of results around a Performance Target;

  • Energy savings performance contract means a contract under which the rate of payments is based upon energy and operational cost savings and a stipulated maximum energy consumption level over the life of the contract.

  • Performance Conditions means specific levels of performance of the Company (and/or one or more members of the Company Group, divisions or operational and/or business units, product lines, brands, business segments, administrative departments, or any combination of the foregoing), which may be determined in accordance with GAAP or on a non-GAAP basis, including, without limitation, the following measures: (i) net earnings, net income (before or after taxes), or consolidated net income; (ii) basic or diluted earnings per share (before or after taxes); (iii) net revenue or net revenue growth; (iv) gross revenue or gross revenue growth, gross profit or gross profit growth; (v) net operating profit (before or after taxes); (vi) return measures (including, but not limited to, return on investment, assets, capital, employed capital, invested capital, equity, or sales); (vii) cash flow measures (including, but not limited to, operating cash flow, free cash flow, or cash flow return on capital), which may be but are not required to be measured on a per share basis; (viii) actual or adjusted earnings before or after interest, taxes, depreciation, and/or amortization (including EBIT and EBITDA); (ix) gross or net operating margins; (x) productivity ratios; (xi) share price (including, but not limited to, growth measures and total stockholder return); (xii) expense targets or cost reduction goals, general and administrative expense savings; (xiii) operating efficiency; (xiv) objective measures of customer/client satisfaction; (xv) working capital targets; (xvi) measures of economic value added or other ‘value creation’ metrics; (xvii) enterprise value; (xviii) sales; (xix) stockholder return; (xx) customer/client retention; (xxi) competitive market metrics; (xxii) employee retention; (xxiii) objective measures of personal targets, goals, or completion of projects (including, but not limited to, succession and hiring projects, completion of specific acquisitions, dispositions, reorganizations, or other corporate transactions or capital-raising transactions, expansions of specific business operations, and meeting divisional or project budgets); (xxiv) comparisons of continuing operations to other operations; (xxv) market share; (xxvi) cost of capital, debt leverage, year-end cash position or book value; (xxvii) strategic objectives; (xxviii) gross or net authorizations; (xxix) backlog; or (xxx) any combination of the foregoing. Any one or more of the aforementioned performance criteria may be stated as a percentage of another performance criteria, or used on an absolute or relative basis to measure the performance of one or more members of the Company Group as a whole or any divisions or operational and/or business units, product lines, brands, business segments, or administrative departments of the Company and/or one or more members of the Company Group or any combination thereof, as the Committee may deem appropriate, or any of the above performance criteria may be compared to the performance of a selected group of comparison companies, or a published or special index that the Committee, in its sole discretion, deems appropriate, or as compared to various stock market indices.

  • Performance Condition means a condition related to performance which is specified by the Committee under Rule 3.1 (Terms of grant);