Guaranteed Savings Sample Clauses
The Guaranteed Savings clause ensures that a specified minimum level of cost savings or financial benefit will be achieved under the terms of an agreement. Typically, this clause applies to contracts involving energy efficiency upgrades, procurement services, or cost-reduction initiatives, where the provider commits to delivering a quantifiable amount of savings to the client. If the promised savings are not realized, the provider may be required to compensate the client for the shortfall. This clause serves to allocate risk and provide assurance to the client that their investment will yield tangible financial results.
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Guaranteed Savings. The Owner/Operator has endeavored to provide the ESCO with sufficient general and specific guidance in this ARTICLE 1 to develop the guaranteed savings numbers for the Report. In the event that questions arise as to the calculation of savings or whether certain items will be allowed as savings, the ESCO shall seek written guidance from the Owner/Operator. Owner/Operator rejection of certain calculations of savings or rejection of certain items as allowable savings in the Report shall be at the risk of the ESCO.
Guaranteed Savings. Owner shall:
(a) guaranty annual energy savings as provided in the Form of Written Savings Guarantee attached to this PPA as Exhibit H; and,
(b) provide a performance guarantee in the amount of $2,500 in the form of a performance bond, a cash bond, a letter of credit issued by a bank with a ▇▇▇▇▇'▇ or Standard and Poor's rating of "A" or better or any other surety, including insurance, satisfactory to Host Customer and its approving agency. The guarantee for each year shall be in an amount equal to the amount of the annual guarantee given by the Owner, a qualified provider within the meaning of Section 6-23-2((E) ▇▇▇▇ ▇▇▇▇ in this PPA, which is a guaranteed utility savings contract within the meaning of 6-23-2(D) ▇▇▇▇ ▇▇▇▇.
Guaranteed Savings. The overage in electric $ savings accounts for future cooling throughout the entire district, increased electrical costs, and increased electrical use via future capital projects. ECM No. Description Total Guaranteed Energy Savings % of Baseline Total Utility Cost Guaranteed Energy Savings 1 LED Lighting and Lighting Controls Upgrade $ 58,846 15.4% 270,733 24.4% 1,277.1 24.8% $ 60,898 22.8% (1,569) ‐1.8% $ (2,052) ‐1.8% ‐ 0.0% $ ‐ 0.0% 2 Boiler Plant Upgrades $ 9,226 2.4% ‐ 0.0% ‐ 0.0% $ ‐ 0.0% 7,048 8.1% $ 9,226 8.0% ‐ 0.0% $ ‐ 0.0% 3 Building Management System Upgrades $ 30,950 8.1% 82,410 7.4% ‐ 0.0% $ 12,179 4.6% 14,342 16.5% $ 18,772 16.3% ‐ 0.0% $ ‐ 0.0% 4 Building Envelope Improvements $ 10,085 2.6% 8,432 0.8% ‐ 0.0% $ 1,249 0.5% 6,748 7.8% $ 8,836 7.7% ‐ 0.0% $ ‐ 0.0% 5 Pipe Insulation $ 9,918 2.6% ‐ 0.0% ‐ 0.0% $ ‐ 0.0% 7,581 8.7% $ 9,918 8.6% ‐ 0.0% $ ‐ 0.0% 6 Steam Trap Upgrades $ 9,610 2.5% ‐ 0.0% ‐ 0.0% $ ‐ 0.0% 7,344 8.5% $ 9,610 8.3% ‐ 0.0% $ ‐ 0.0% 7 Install Walk‐In Freezer/Cooler Controllers $ 1,439 0.4% 9,246 0.8% 3.6 0.1% $ 1,439 0.5% ‐ 0.0% $ ‐ 0.0% ‐ 0.0% $ ‐ 0.0% 8 Install Solar PV System $ 230,011 60.2% ‐ 0.0% ‐ 0.0% $ 230,011 86.2% ‐ 0.0% $ ‐ 0.0% ‐ 0.0% $ ‐ 0.0% Total: $ 360,085 94.3% 370,820 33.4% 1,280.7 24.8% $ 305,775 114.6% 41,494 47.8% $ 54,309 47.2% ‐ 0.0% $ ‐ 0.0% 22,682 29,075 35,079 ‐ DHW Usage (% of Building ThermalUsage) 5.0% 5.0% 5.0% DHW Baseline 1,134 1,454 1,754 Adjusted Baseline 21,548 27,621 33,325 y 1 ECM 1 ‐ LED Lighting and LightingControls Upgrade ‐446 ‐527 ‐596 Adjusted Baseline 21,994 28,148 33,921 y 4 ECM 4 ‐ Building EnvelopeImprovements 1,976 1,813 2,959 Adjusted Baseline 20,018 26,335 30,962 y 5 ECM 5 ‐ Pipe Insulation 1,954 2,740 2,887 Adjusted Baseline 18,064 23,595 28,075 y 6 ECM 6 ‐ Steam Trap Upgrades 1,816 2,694 2,834 Adjusted Baseline 16,248 20,902 25,240 y 7 ECM 7 ‐ Install Walk‐In Freezer/Cooler Controllers 0 0 0 Adjusted Baseline 16,248 20,902 25,240 y 8 ECM 8 ‐ Install Solar PV System 0 0 0 Adjusted Baseline 16,248 20,902 25,240 n 2 ECM 2 ‐ Boiler Plant Upgrades 0 0 0 Adjusted Baseline 16,248 20,902 25,240 n 3 ECM 3 ‐ Building ManagementSystem Upgrades 0 0 0 Adjusted Baseline 16,248 20,902 25,240 Upgrades existing lighting with state of the art, high efficiency LED lighting. Where applicable, install occupancy senors for lighting control. 38% Heating Season Length [Weeks] * Percent of Heating Season [%] ** Fraction of Heat to be Made‐Up [%] Heating Season Length [Hours] * Fraction of the year ...
Guaranteed Savings. The Project will result in energy savings and operational savings as detailed in Exhibit B - Energy Savings Guarantee and Measurement and Verification Plan. Contractor represents and warrants the applicable requirements set forth in Exhibit E, State Specific Statutory Requirements, will be met. DocuSign Envelope ID: 94264B65-A282-421E-AF04-7C9A07B3A907
Guaranteed Savings. CTS guarantees to CUSTOMER that the identified Facilities will realize the total energy and operational cost avoidance through the combined value of all ECMs over the Term of the contract as defined in Section 1 of Attachment E. In no event shall the savings guarantee provided herein exceed the total installation, maintenance, and financing costs for the Work under this Agreement. Notwithstanding any other provision of this Agreement required savings reconciliation or verification, the Total Guarantee Year Savings in each Guarantee Year are stipulated and agreed to by both parties to this Agreement to equal the Energy Costs and Operational Cost Avoidance amounts set forth in Attachment E (Schedule of Savings), and shall be deemed realized upon the date of final Project Acceptance.
Guaranteed Savings. HONEYWELL guarantees to CUSTOMER that the identified Facilities will realize the annual Guaranteed Savings through the combined contribution of all ESMs in each and every Guarantee Year during the Guarantee Term. Energy Savings shall be identified in native energy units for each ESM (kWh, therms, gallons etc).
Guaranteed Savings. This contract is governed under Wisconsin State Statute 66.0133 which requires the Contractor to guarantee the energy savings that the project will produce. In this contract the FEMP IPMVP protocol used will be Option A – Retrofit Isolation. The values calculated using IPMVP Option A will be calculated by the district and shared with the contractor. The resulting values will be used to create the stipulated values for each Facility Improvement Measure. These Stipulated values will be agreed to with the district and the contractor and will then be deemed to guarantee.
Guaranteed Savings. The following section reiterates the amended contract guaranteed savings values for the measures installed throughout MSAD 11. The amendment, dated July 12, 2016, updated guaranteed project savings in terms of energy units and avoided cost by facility improvement measure (FIM) and guarantee option. Table 3 - Total Annual Guaranteed Energy Savings (Units) Construction 91,234 28 36,067 (5,818) (38,628) 59 Annual Period 276,467 85 109,294 (17,632) (117,055) 179 Table 4 - Total Annual Guaranteed Cost Savings ($) Table 5 - Guaranteed Cost Savings by FIM & Option Type ($) Facility Improvement Measure Option A Option Total Savings B Energy Savings Savings Lighting Retrofit $15,956 $15,956 $4,933 $20,889 Building Envelope Improvements $17,207 $17,207 $17,207 Walk-in Refrigerator and Freezer Control $6,495 $6,495 $6,495 Building Automation $12,952 $5,755 $18,706 $18,706 Mechanical Upgrades $160,242 $160,242 $160,242
Guaranteed Savings. District and Sodexho shall work together to ensure a financially sound operation. Sodexho guarantees that District shall realize the following savings: 5/1/03 – 6/30/03 $0 7/1/03 – 6/30/04 $467,937 7/1/04 – 6/30/05 $409,682 7/1/05 – 6/30/06 $280,776 7/1/06 – 6/30/07 $101,588 The Formula for calculating Guaranteed Savings in Custodial Services is as follows:
Guaranteed Savings. The amount of anticipated savings as compared to the Baseline, expressed in units of dollars, which Contractor is guaranteeing under this Agreement as set forth in more detail in Exhibit D.