Energy Savings Performance Contracting

This contract is for energy savings performance contracting between the Chicago Park District and Siemens Industry, Inc. The contract aims to identify, implement, finance, and monitor energy conservation measures in facilities owned by the Chicago Park District. The vendor is responsible for performing investment-grade energy audits, preparing energy assessment reports, guaranteeing energy and operational savings, and implementing energy conservation measures. The contract has a performance guarantee period that may not exceed 10 years. The key aspects of the contract include the scope of work, payment terms, warranties, and dispute resolution. • The contract includes a master agreement and a guaranteed energy savings contract. • The vendor is responsible for performing investment-grade energy audits and preparing energy assessment reports. • The contract has a performance guarantee period that may not exceed 10 years. • The vendor guarantees energy and operational savings. • The contract includes warranties for materials and equipment. • The contract has a dispute resolution process.