Billing Information Procedure. Payments due to QESP under this Section 3 shall be calculated each year in the following manner: (i) By the day after receipt, Department shall provide QESP with copies of all energy bills for the Project Site(s) which it shall have received for the preceding month; (ii) Upon receipt of the required information, QESP shall calculate the savings in accordance with the agreed-upon calculation formulae in Schedule C (Savings Measurement and Verification Plan; Post-Retrofit M&V Plan; Annual M&V Reporting Requirements). (iii) Based upon paragraphs (i) and (ii) above, QESP shall prepare and send to Department an annual invoice which shall set forth for each year the amounts of the Energy Cost Savings calculated in accordance with Schedule C (Savings Measurement and Verification Plan; Post-Retrofit M&V Plan; Annual M&V Report Requirements) and for the services as provided for in Schedule J (Compensation to QESP for Annual Services). The invoice will set forth the total annual payment due from Department.
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Samples: Energy Savings Performance Contracting Services, Energy Savings Performance Contracting Services, Energy Savings Performance Contracting Services