Guarantee of Savings. Honeywell guarantees to Customer that the identified Facilities will realize the total Guaranteed Savings through the combined value of all ECMs over the Guarantee Term, as defined herein.
Guarantee of Savings. Energy conservation projects with guaranteed savings are based on the guaranteed savings. Any authentic guarantee of energy and cost savings includes adequate measurement and verification activities. Measurement and verification should not be an afterthought, but a process that links the efforts of estimating, measuring, evaluating, tracking, and accurately reporting energy savings, quantifiable costs, and benefits created as a result of implementing energy conservation measures. These efforts include up front details of developing an energy baseline, estimating the energy savings from a potential energy saving opportunity and evaluating the financial benefits. After implementation of the upgrades comes measuring energy use or savings and tracking the progress and performance of the implemented projects. We provide a savings guarantee to help our clients deal with the risks of achieving the utility savings. It is important that the client knows we can manage the risks that go along with these programs and will continue to be there for them in the future. We will guarantee that the savings are achieved, or they will not make full payment for our services.
Guarantee of Savings. The written guarantee of Contractor, warranting the energy savings to be derived from a particular Energy Conservation Measure, Energy Conservation Project, Energy Management Services, or Energy Savings. Such written guarantee shall include a detailed description of the cost of the energy or water conservation or usage measures, all causally connected work, and ancillary improvements provided for in the Contract. The guarantee shall state the annual savings expressed in applicable energy units or (if water savings) in gallons per year and be based on dollars saved by reference to established unit rates.
