In response to a rebounding commercial real estate industry and a renewed interest in energy retrofits, the Building Owners and Managers Association (BOMA) International has gathered a team of experts—representing commercial real estate companies, energy service providers and the financial sector—to create a contracting model for use by building owners to remove the uncertainty and risk of performing deep retrofits.
The result—the BOMA Energy Performance Contracting Model (BEPC)—provides a conceptual framework and supporting template documents to help private building owners/operators develop and execute investment-grade energy-efficiency retrofits. It gives building owners and service providers a new starting point from which to navigate through the complexities of an energy-performance contract, while providing transparency on pricing and performance expectations and giving building owners a high degree of confidence that the project will meet the stated goals.
The BEPC toolkit was first created in 2008 when BOMA International partnered with the Clinton Climate Initiative (CCI) and collaborated with leading real estate companies and energy service companies (ESCOs). Since then, the BEPC model has been used to facilitate projects in more than 20 cities on five continents. However, soon after this tool was released, the U.S. economy crashed, and deep retrofits were no longer top of mind for building owners. Now, with an economic recovery well underway, BOMA felt that the time was right to resurrect this resource, apply the “lessons learned” and update it to reflect new and emerging best practices.
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