Resolution No 35-2021 - Ameresco Inc. Qualified Provider Approval Guaranteed Energy Savings Contract Morris

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Confidential & Proprietary Information of Ameresco, Inc. Page 44 of 54 Operating Cost Savings Actual Annual Savings from Operating Cost Savings shall be determined as set forth in Table G4 below, based on guidance from the U.S. DoE Federal Energy Management Program’s publication How to Determine and Verify Operating and Maintenance (O&M) Savings in Federal Energy Savings Performance Contracts, November 2007. This guidance allows for cost savings from avoided renovation, renewal, or repair costs as a result of the Project. Table G4: M&V Approach for Operating Cost Savings M&V Plan Description Methods for the measurement and verification of Operating Cost Savings have not been developed for either FEMP or IPMVP M&V Guidelines. However, FEMP does provide a guidance publication on verification of O&M Savings, including avoided current or planned capital expense. This approach has been customized for this project based on the FEMP guidance document. For this project, there is one (1) stream of Operating Cost Savings – Related Capital Expenditures. •Operating Cost Savings – Related Capital Expenditures - Avoided future equipment replacement and/or capital fund project (Related Capital Expenditures). This is associated with all ECMs (1-9) Baseline Performance Parameters For Operating Cost Savings – Related Capital Expenditures, the baseline performance parameters are the cost budget estimates for the alternative project that the Customer would have undertaken to complete the Scope of Services and meet the functional requirements for such Scope Post Installation Performance Parameters For Operating Cost Savings - Avoided future equipment replacement and/or capital funded project (Related Capital Expenditures) associated with ECMs (1-9), the post installation performance parameters are the actual cost for completing the Scope of Services under this Agreement and the delivered functional capability of the Scope of Services as documented prior to final delivery and acceptance and / or the M&V Report. The Operating Cost Savings for the first Guarantee Year (“Year 1 Operating Cost Savings”) is noted in Table G6. Performance Assurance Activities The Project site will be surveyed with the Customer to confirm the Scope of Services is complete and in conformance with the Scope of Services and are performing as specified prior to delivery and acceptance. If the Scope of Services has been completed per the specifications / Scope of Services, meeting the functional requirements of the Customer, then at final acceptance, it will be agreed that the Operating Cost Savings identified in Table G6 will be deemed achieved and will be documented in the delivery and acceptance certificate and / or the M&V Report. Ameresco shall develop, send to Customer for signature, and submit the GESC Report to the State of Indiana for as long as GESC Services are provided. M&V Services For each Guarantee Year for which M&V Services are to be performed, Ameresco will perform the M&V Services and submit to Customer a measurement and verification report for the Property (the “M&V Report”), which shall include a guarantee reconciliation (the “Guarantee Reconciliation”) upon the later of (i) ninety (90) days after the end of each Guarantee Year and (ii) sixty (60) days after