PAYMENT FOR INVESTMENT GRADE AUDIT (IGA)

The audit cost will be proposed in the ESCOs response to the RFP. Once the ESPC is executed, the cost of the IGA will be rolled into the overall project cost and paid for from the proceeds of the financing. The IGA is a stand-alone contract. The Government Unit will be required to have funds obligated to pay for the cost of the audit in the event the Government Unit elects not to proceed with an ESPC and the IGA demonstrates a project that can meet the business objectives. Conversely, the Government Unit shall not be required to pay for the IGA if (i) the proposal does not contain a package of energy and water conservation measures which will provide the Government Unit with cash savings sufficient to fund the payments of all costs and fees associated with the ESPC or (ii) the proposal is not acceptable to the Government Unit. CHAPTER SEVEN: CONTRACT WITH ESCO TO IMPLEMENT ESPC PROJECT