Energy Savings Performance Contracting

The contract is for energy savings performance contracting, and the Chicago Park District has hired Johnson Controls, Inc. to perform investment-grade energy audits, prepare energy assessment reports, and implement energy conservation measures at facilities owned or operated by the Park District. The contract has a term that is tied to the completion of specific projects, and the duration of each project is determined by the completion of the energy conservation measures and the verification of the energy savings. The contract includes provisions for the implementation of energy conservation measures, the measurement and verification of energy savings, and the payment of fees to Johnson Controls, Inc. based on the energy savings achieved. The key aspects of the contract include: * Investment-grade energy audits to identify energy conservation measures * Preparation of energy assessment reports to document the recommended energy conservation measures * Implementation of energy conservation measures at facilities owned or operated by the Park District * Measurement and verification of energy savings to determine the effectiveness of the energy conservation measures * Payment of fees to Johnson Controls, Inc. based on the energy savings achieved