All projects under the new process must also have a return on investment period of less than 20 years, reduce real energy consumption and must be fully funded by the savings generated under the contract.
"As part of our efforts to be responsible stewards of taxpayer dollars, the Department of General Services is committed to finding ways to reduce energy consumption when it is economically feasible to do so," Phillips said. "The new Guaranteed Energy Savings Contracts ensure a transparent procurement process that will deliver energy savings for the commonwealth, renewed job opportunities for Pennsylvanians and the ability to update our facilities while achieving cost savings."
The new Guaranteed Energy Savings Contracts are an innovative financing technique that uses cost savings from reduced energy consumption to repay the cost of installing energy conservation measures. The process allows owners to achieve energy savings without up-front capital expenses. The costs of the energy improvements are covered by the performance contractor and reimbursed from the energy savings over a defined time period.
Proposals are due on Tuesday, May 7, 2013 at 2 p.m.For more information, view the Notice to Proposers at www.dgs.state.pa.us, in the left hand navigation bar, click on "Construction and Public Works" followed by "Guaranteed Energy Savings." Media contact: Troy Thompson, 717-787-3197 SOURCE Pennsylvania Department of General Services