ERIC Number: ED246742
Record Type: RIE
Publication Date: 1984-Jun
Reference Count: 0
Shared Savings Financing for College and University Energy Efficiency Investments.
Business Officer, p28-32 Jun 1984
Shared savings arrangements for campus energy efficient investments are discussed. Shared savings is a term for an agreement in which a private company offers to implement an energy efficiency program, including capital improvements, in exchange for a portion of the energy cost savings. Attention is directed to: types of shared savings arrangements being offered by the private sector and the way they work; the appropriateness of shared savings for a campus's energy management and financing programs; and negotiating a successful shared savings contract (SSC). Separate consideration is given to issues that may help public sector administrators to develop a shared savings program and to procure contracts. Steps that a shared savings firm will generally follow include a preliminary study, engineering analysis/identifying projects, and an engineering study. A checklist of energy management services that are needed to achieve efficiency is presented, along with advantages and disadvantages of the SSCs. The following elements of SSCs are discussed: calculating savings, schedule of savings, operations and maintenance, purchase option/contract buyout provisions, and contract contingencies. Information is provided on combining SSCs with other financing options, and a checklist is offered that should be considered in qualifying a firm. (SW)
Descriptors: Business, Campus Planning, Contracts, Cooperative Programs, Energy Conservation, Facility Case Studies, Financial Policy, Higher Education, School Business Relationship, School Funds
National Association of College and University Business Officers. 1110 Vermont Avenue NW Suite 800, Washington, DC 20005. Tel: 800-462-4916; Tel: 202-861-2500; Fax: 202-861-2583; Web site: http://www.nacubo.org
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: Administrators; Community; Practitioners
Authoring Institution: National Association of College and University Business Officers, Washington, DC.
Note: A paper in the Energy Task Force series on Financing Campus Energy Efficiency Investments.