The primary intent of this selection process is: 1. To increase the number of successful energy savings performance contracts statewide, as a means to implement comprehensive energy-efficiency projects in existing State or County facilities that would otherwise be cost-prohibitive; 2. To provide participants (State or County agencies) the opportunity to procure services of qualified ESCOs in a timely and cost-effective way; 3. To establish minimum qualifications of ESCOs to implement successful energy savings performance contract (ESPC) projects; and 4. To offer all qualified ESCOs the opportunityof equal access to work generated by the participants (State or County agencies). Energy savings performance contracting will enable facility owners to accomplish energy projects by primarily paying for ESPC projects through the facility owner’s cash flow that result from ESCO’s guaranteed energy savings (GES). However, this should not be construed to limit the State or County agency’s flexibility in financing their ESPC project, such as use of bonds, operating funds, Federal funds, etc.
