Opening of Qualifications - WWTP CSO Tank RFQ Guaranteed Savings Contract Proj No. 121-071-A - Bowen Enigneering

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BOWEN GUARANTEE MANAGEMENT Before a final contract is developed, specific calculations, baselines and documentation will be produced. This could include the above conservation measure savings. As it relates to this project, a conservation measure would be a technology upgrade or an alteration of a structure or system which reduces energy or water consumption costs, wastewater costs, or other operating costs. All other work required to properly implement the conservation measure would be included in the guarantee because it is "causally connected" (I.C.36-1-12.5-0.7). To implement the GSC project for South Bend, Bowen would recommend the following process: 1. Our engineers collaborate with the Engineering Partners to evaluate the system 2. A final list of conservation measures is generated 3. South Bend, American Structurepoint, Arcadis, and Bowen finalize scope 4. Determine if NIPSCO rebates are available and complete applications* 5. Value engineering is evaluated to reduce costs 6. Bowen delivers a report with guaranteed costs and savings 7. A project agreement is negotiated and authorized 8. The project construction begins utilizing open book pricing 9. Project savings are documented during monthly meetings 10. At completion all project savings and contingency are returned 11. One year after project completion Bowen sends the first savings report to the DLGF. *Bowen is a NIPSCO (processed through TRC) Trade Ally for utility rebates. The Bowen process is very flexible and can be modified to fit the specific needs of South Bend. 6c) Describe the cost for guarantee management, schedule for delivery, and describe the report. The initial contract including project savings will be sent to the Indiana Department of Local Government Finance (DLGF) no later than 60 days after Bowen has received an authorized contract. Based upon the expected scope of work for South Bend, the guarantee and reporting would be at no additional cost. One year after substantial completion of the project, Bowen will deliver the first audited report. This document would also be sent by Bowen to the DLGF after authorization by the District. The report will be completed and sent out annually during the term of the guarantee. Bowen has been successfully reporting Indiana GSCs for our clients since 2008. All of Bowen's Guarantee reports have been approved by the Office of Local Government Finance Authority. Bowen's history and experience reporting Indiana water and wastewater projects are unmatched by any other Provider.