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Energy Savings Performance Contracts: Five Phases to Success!
Course ID: FEMP20
Credits
AIA LU/HSW:3.5, FEMP IACET CEU:0.4
Description
In this course, students will be introduced to the fundamentals of Energy Saving Performance Contracts (ESPC), an alternative financing vehicle that allows Federal agencies to complete energy-savings projects without up-front capital costs and special Congressional appropriations by partnering with an energy service company (ESCO). Learners will be introduced to ESPC basics, including key concepts, timelines, authorizing legislation, and stakeholder roles and responsibilities, as well of the five phases of the ESPC development process:
- Phase 1: Acquisition Planning
- Phase 2: ESCO Selection and Preliminary Assessment
- Phase 3: Pre-Award Project Development
- Phase 4: Project Implementation
- Phase 5: Post-Acceptance Performance Period
Learning Objectives
Upon completing this course, you will understand:
- Basics of an ESPC, including definitions, scope, authorizing legislation, financing arrangements, project team roles, and key contracting documents;
- The importance of measurements and verification (M&V) to a successful project, including M&V concepts, how guarantees are met, and the definition of savings;
- The Five Phases of ESPC development — from planning to performance period and close-out; and
- The role of the Risk, Responsibility, and Performance Matrix in summarizing and assigning risks and/or responsibilities to the ESCO, agency, or both.