Scope of Energy Audit and Investment Grade Audit Report Sample Clauses

Scope of Energy Audit and Investment Grade Audit Report. The Contractor, with the cooperation of the Owner, will perform a comprehensive investment grade energy use and savings analysis (the “Energy Audit”) and prepare a detailed engineering and economic report (the “Investment Grade Audit Report”) to be attached hereto as Appendix B that specifically identifies the ECMs that the Contractor recommends to be installed or implemented at the Owner Facility. The Investment Grade Audit Report will contain detailed projections of energy and cost savings to be obtained at the Owner Facility as a result of the installation or implementation of the ECMs. The savings calculations will document and use assumptions, projections, and baselines that best represent the true value of future energy and water savings for the Owner Facility, including accurate marginal cost for each unit of savings at the time the Energy Audit is performed; documented material and non-staff labor costs actually avoided; adjustments to the baseline to reflect current conditions at the Owner Facility compared to the historic base period; calculations that account for the interactive effects of the recommended ECMs, etc. The Investment Grade Audit Report must clearly describe how utility tariffs were used to calculate savings for all ECMs. The Investment Grade Audit Report must describe the Contractor’s plan for installing or implementing the measures in the Owner Facility, including all anticipated costs associated with the installation and implementation. The primary purpose of the Investment Grade Audit Report is to provide the engineering and economic basis for the Construction Work and the Guaranteed Savings. Sections 2.2 through 2.10 below set forth the tasks the Contractor shall perform in performing the Energy Audit and preparing the Investment Grade Audit Report.
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