Opening of Qualifications - SBFD & MLK GESC Proj No 125-008 - CMTA

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RFQ Response for Guaranteed Energy Savings Contract South Bend Central Fire Station & MILK Dream Center Solar PV City of South Bend, Indiana 4. Financial Qualifications CMTA • *• o. Describe your ability to provide adequate liability insurance and necessary performance bonding. CMTA carries third -party insurance. This protects CMTA and the Owner from major events. The following are our insurance levels: $1,000,000 each occurrence Commercial & General Liability $2,000,000 aggregate Comprehensive Auto Liability $1,000,000 each occurrence Worker's Compensation $1,000,000 each occurrence Excess General Liability $10,000,000 each occurrence $10,000,000 aggregate Professional Liability Insurance $2,000,000 each occurrence $2,000,000 aggregate Typically, CMTA self -guarantees the energy savings of each project. Ourself -guarantee results in the benefit of an overall lower delivered project cost to the Owner. CMTA has delivered over $500 million in guaranteed energy savings projects and has never missed a guarantee. For a $10 million project with $1 million in savings guaranteed per year, a 20% shortfall would be extremely rare. A shortfall would likely be more in the 10% or less. However, even with a 20% shortfall, the reimbursement would be $200,000, which would be funded through CMTA's operating income. We can also provide a bond to guarantee energy savings in the event of a savings shortfall. However, we believe that a self - provided guarantee will provide the best value to the City of South Bend and eliminates the cost of a third -party guarantee. We are open to providing a third -party guarantee, if desired, on a project -by -project basis. CMTA will review options and provide whatever works best for the City of South Bend. b. Attach the two most recent financial reports or audited financial statements in electronic version via web or file share service links. This can be found in Appendix C. c. Provide amount of total outstanding guarantees and amount of guaranteed shortfalls paid out to customers in past five years. The amount of total outstanding guarantees is $306,014,385. There have been no guaranteed shortfalls. d. Attach letter of reference of two subcontractors used on large projects attesting to your firm's fiscal responsibility. This can be found in Appendix E. Page 16 Page content is proprietary and confidential 4 — Financial Qualifications Performance Contracting I MEP Engineering I Zero Energy Engineering I Technology I Commissioning