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  5. ›ENERGY SAVINGS IMPROVEMENT PLAN - ESIP

Franklin Township Board of Education·New Jersey

ENERGY SAVINGS IMPROVEMENT PLAN - ESIP

Closes 7/1/2026$5M – $15MRequest for Proposal
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Description

The district is seeking a qualified Energy Services Company (ESCO) to develop and implement a comprehensive Energy Savings Plan (ESP) for 12 school facilities under New Jersey’s Energy Savings Improvement Program (ESIP). The contract will cover a full suite of services—from an investment‑grade energy audit through engineering design, procurement, construction management, commissioning, training, and optional performance guarantees—financed through bonds or lease‑purchase with no upfront cost to the district. The ESCO must guarantee annual savings equal to the district’s total annual project costs and may provide a performance guarantee for shortfalls.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Stephen Fried(School Business Administrator)

[email protected]

(732) 873-2400

Key dates

Opened
5/20/2026
Questions due
6/17/2026
Pre-bid meeting
6/3/2026
Site visit
6/3/2026Mandatory
Closes
7/1/2026
Projected award
7/1/2026
Duration
15 years

Last updated

Details

Type
Request for Proposal
Industry
Energy and Utilities
NAICS
541330
Solicitation №
RFP#2027-09

Budget estimate

$5,000,000 – $15,000,000

The RFP does not disclose a total contract value, but ESCO projects of this scale (≈ 1.2 M sq ft, multi‑year, with full‑service delivery) typically generate revenues ranging from a few million to over ten million dollars over the contract term. Assuming a 15‑year contract with annual service fees and construction management fees averaging $300k–$1M per year, the total earnings could fall between $5 M and $15 M. Factors influencing the final amount include the scope of ECMs selected, the presence of a CHP component (which extends the term to 20 years), and the size of the performance‑guarantee.

AI estimate from the solicitation

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