The Board of Education may elect to enter into one or more Guaranteed Energy Cost Savings Contracts. Such contracts are considered public works contracts as they provide for capital improvements to existing District facilities.
Prior to entering into a guaranteed energy cost savings contract, the Board will solicit competitive proposals as specified in Policy 7210 – Construction Bidding and Awards as well as mail solicitations, electronic mail, and public announcements. The request for proposals will include the following:
Upon review of the submitted proposals, the Board will award a contract to the proposer providing the lowest and best proposal. However, in making a contract award, the Board will determine that the cost of the energy savings measures does not exceed the amount of energy or operational savings within a 15-year period from the date installation is complete. As with other District bid considerations, the Board reserves the right to reject any and all bids.
Upon proposal acceptance, the Board will negotiate the terms of the contract. However, the contract must include a guarantee that either or both the energy or operational cost savings measures will meet or exceed the costs of the energy savings measures, adjusted for inflation, within (15) fifteen years. The contractor will reimburse the District for any shortfall of guaranteed energy costs savings on an annual basis. The contract may also provide for payments over a period of time, not to exceed (15) fifteen years.
Definitions
“Energy costs savings measure,” a training program or facility alteration designed to reduce energy consumption or operating costs, and may include one or more of the following:
“Guaranteed energy cost savings contract,” a contract for the implementation of one or more such measures. The contract shall provide that all payments except obligations on termination of the contract before its expiration, are to be made over time and the energy cost savings are guaranteed to the extent necessary to make payments for the systems.
“Operational savings,” expenses eliminated, and future replacement expenditures avoided as a result of new equipment installed or services performed.
“Qualified provider,” a person or business experienced in the design, implementation and installation of energy cost savings measures.