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

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acceptance of the Guarantee Savings for that Guarantee Year.. Failure to provide written notice within forty-five (45) days of the receipt of the guarantee savings reconciliation report will deem it accepted by CITY. 3.2.2 Guarantee Savings Reconciliation. Guarantee Savings will be determined in accordance with the metbodology(s), operating parameters, formulas, and constants as described below and/or additional methodologies defined by ESCO that may be negotiated with CITY at any time. For reconciliation of Guarantee Savings employing the method of utility bill analysis consistent with F.E.M.P. Option C: Energy usage for the Facilities for such Guarantee Year will be summarized and compared with the adjusted Baseline Period energy usage for the Facilities through the use of energy accounting software. The difference between the adjusted Baseline Period energy usage and the Guarantee Year energy usage will be the Energy avoidance. The difference between the adjusted Baseline Period energy usage multiplied by the applicable energy rate as defined herein, and the Guarantee Year energy usage multiplied by the applicable energy rate as defined herein, will be used to calculate the Energy Cost avoidance. Energy Cost avoidance may also include, but are not limited to, Savings from demand charges, power factor correction, taxes, ratchet charges, rate changes and other utility tariff charges that are reduced as a result of the ESCO involvement. A Baseline will be specified (Section 6) for the purpose of utility bill analysis. AND/OR for those energy audits employing the method consistent with I.P.M.V.P. and/or F.E.M.P. Options A and/or B; For each ECM, ESCO will employ an M&V Plan which may be comprised of any or all of the following elements: 1. Pre -retrofit model of energy consumption or demand 2. Post retrofit measured energy consumption 3. Post -retrofit measured demand and time -of -use 4. Post -retrofit energy and demand charges 5. Sampling plan 6. Stipulated Values The value of the energy savings will be derived from the measured data and engineering formulae included herein, and the applicable energy charges as defined herein. In some cases, energy usage and/or demand will be calculated from measured variables that directly relate to energy consumption, demand or cost, such as, but not limited to, measured flow, temperature, current, voltage, enthalpy or pressure. AND/OR for those energy audits employing the method consistent with I.P.M.V.P. and/or F.E.M.P. Option D: For each Energy Conservation Measure, ESCO will employ an M&V Plan that may be comprised of any or all of the following elements: 1. Pre -retrofit model of energy consumption or demand 2. Post retrofit model of energy consumption or demand 3. Post retrofit measured energy consumption 4. Post -retrofit measured demand and time -of -use 5. Post -retrofit energy and demand charges 6. Sampling plan 7. Stipulated Values The value of the energy savings will be derived from a calibrated simulation of either the whole -building or of sub- systems in the building to determine the difference in the performance of the specific equipment being replaced. This method may entail as needed one-time measurements of the performance of the energy consuming systems in Schedule C Page 5