PC Max eNews: Three steps to Maximizing Your Return on Performance Contracting – Step 3 of 3

Step 3. Independent Measurement and Verification (M&V)

Part 3 of 3-Part Series

3 Steps to Maximizing Your Return on Performance Contracting

To validate the energy savings and satisfy the utility incentive programs, provide independent measurement and verification of completed work by a third-party consultant. If necessary, the M&V can be continued annually, quarterly or monthly. The initial M&V is required by utilities to validate completion of work prior to issuance of incentives. The ongoing savings guarantee by the ESCO is often tied to the M&V, and will need to be specified in the contract.
Sitton’s PCMaxTM Solution is a proven approach to performance contracting consulting that helps Owners maximize savings, utility incentives and quality, while reducing the total cost and shortening the payback period. Sitton is a Trade Ally with the following utilities’ energy incentive programs:
3 Steps to Maximizing Your Return on Performance Contracting
Maximum energy savings, utility incentives and quality: minimum, reasonable cost 
Energy savings performance contracting (PC) enables building owners to use future energy savings to pay for up-front costs of energy saving projects, eliminating the need to dip into capital budgets.
But too often, performance contracting falls short of meeting expectations. It doesn’t have to be that way. There is a proven approach that will maximize your return-on-investment, and includes three key steps:
  1. Creates a clear scope of work, and a fair and competitive procurement process,
  2. Uses a design and construction process that delivers the maximum in energy savings, utility incentives, and quality, at the lowest reasonable cost
  3. Performs independent measurement and verification

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Sitton’s PCMax Solution is a proven approach to performance contracting consulting that helps Owners maximize savings, utility incentives and quality, while reducing the total cost and shortening the payback period.