INVESTMENT GRADE AUDIT OVERVIEW

The selected ESCO will conduct an IGA to identify and evaluate energy, water, and related costsaving opportunities. This will provide the Government Unit with critical information to later negotiate the ESPC. The Contract for the IGA (Technical Energy Audit & Project Proposal) is the first of two contracts that will be procured with the selected ESCO. The ESCO will complete an investment grade technical energy audit that will include an analysis of each proposed project with projected energy and cost savings and itemized project cost. The ESCO will also propose terms for the ESPC and present a proposal that includes recommended projects, financing term and projected annual cash-flow analysis. The results of the audit will form the basis for a subsequent ESPC.