Opening of Proposals - RFQ VPA Energy Savings Contract - Honeywell - Part 2

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"F.E.M.P." shall mean the Federal Energy Management Program of the U.S. Department of Energy and its Measurement and Verification Guidelines for Federal Energy Projects (DOE/GO-102000-0960, September 2000), The F.E.M.P. guidelines classify measurement & verification approaches as Option A, Option B, Option C, and Option D. The F.E.M.P. Guideline was developed based on the International Performance Measurement and Verification Protocol (I.P.M.V.P.). The focus of the F.E.M.P. M&V Guidelines is on choosing the M&V option and method most appropriate for specific projects. "Financing Document" refers to that document executed between CITY and a third -party financing entity providing for payments from CITY to third -party financing entity. "Commencement Date" is defined in Section 3.13 of the Agreement. "First Guarantee Year" is defined as the period beginning on the first (1st) day of the month following the Commencement Date and ending on the day prior to the first (Ist) anniversary thereof. "Guarantee Period" is defined as the period beginning on the first (1st) day of the First Guarantee Year and ending on the last day of the final Guarantee Year. Also known as "Performance Period." "Guarantee Year" is defined as the First Guarantee Year and each of the successive twelve (12) month periods commencing on the anniversary of the commencement of the First Guarantee Year throughout the Tenn of this Agreement. "Guaranteed Savings" is defined as the amount of avoided Energy Costs necessary to pay for the cost of the Work and Support Services incurred by CITY in each Guarantee Year [as identified in Section 3.1 hereof]. " 1.P.M.V.P." International Performance Measurement and Verification Protocol (July 1997) provides an overview of current best practice techniques available for measurement & verification of performance contracts. This document is the basis for the F.E.M.P. protocol. The techniques are classified as Option A, Option B, Option C, and Option D. "Measurement and Verification Plan" (M&V Plan) is defined as the plan providing details on how the Guarantee Savings will be verified. "Option A" is a verification approach that is designed for projects in which the potential to perform needs to be verified, but the actual on -going, year over year performance can be stipulated based on the results of the "potential to perform and generate Savings" verification and engineering calculations. Option A involves procedures for verifying that: • Baseline conditions have been properly defined; and • The equipment and/or systems that were contracted to be installed have been installed; and • The installed equipment components or systems, at the end of the interim period, meet the specifications of the contract in terms of quantity, quality, and rating; and • The installed equipment is operating and performing in accordance with the specifications in the contract and meeting all functional tests. • The "potential to perform and generate Savings" may involve pre -retrofit and post -retrofit measurements or may be based on manufacturer and vendor data. "Option B" is for projects in which the potential to perfonn and generate Savings needs to be verified; and actual performance needs to be measured (verified). Option B involves procedures for verifying the same items as Option A plus verifying actual performance of equipment component or system. Performance verification techniques involve engineering calculations with metering and monitoring for verifying that: Schedule C Page 2