A. Technical Audit: The ESCO's proposed contract terms must include the performance and presentation of results from a detailed technical audit of acceptable quality to Owner. The minimum annual energy, water and O&M cost savings and financing period will be negotiated. The technical audit must include estimates of savings for each measure. Also, the cost estimate for each measure must include an estimate of all costs including design, engineering, installation, maintenance, repairs and debt services. ESCO will use current market rates for this phase as applicable for ESPC financing. B. Standards of Comfort: Specific standards of comfort shall be stated in the Contract Documents and shall meet minimum established industry standards. The ESCO will be responsible for maintaining the levels of comfort for each building as specified in the RFP or in any final agreement. Persistent failure to maintain the defined climate and lighting conditions will constitute a default. C. Professional Engineer Involvement: A registered professional engineer must supervise, review and approve design work done under this contract. The engineer may be an employee of the ESCO and must be registered in the state of Kentucky.
