File #: 17-1935    Version: 1 Name: NORESCO, LLC, Des Plaines, Illinois
Type: Contract Amendment Status: Approved
File created: 2/21/2017 In control: Finance Committee
On agenda: 6/7/2017 Final action: 7/19/2017
Title: PROPOSED CONTRACT AMENDMENT Department(s): Capital Planning and Policy Vendor: NORESCO, LLC, Des Plaines, Illinois Request: Authorization for the Chief Procurement Officer to increase contract Good(s) or Service(s): Energy Conservation Measures Original Contract Period: 6/17/2015-4/20/2037 Proposed Contract Period Extension: N/A Total Current Contract Amount Authority: $32,833,402.00 Original Approval (Board or Procurement): 7/1/2015, $32,833,402.00 Previous Board Increase(s) or Extension(s): N/A Previous Chief Procurement Officer Increase(s) or Extension(s): N/A This Increase Requested: $1,176,150.00 Potential Fiscal Impact: FY 2018 $43,771.00, FY 2019 $45,084.00, FY 2020 $46,437.00, FY 2021 $47,830.00, FY 2022 $49,265.00, FY 2023 $50,743.00, FY 2024 $52,265.00, FY 2025 $53,833.00, FY 2026 $55,448.00, FY 2027 $57,112.00, FY 2028 $58,825.00, FY 2029 $60,590.00, FY 2030 $62,407.00, FY 2031 $64,280.00, FY 2032 $66,208.00, FY 2033 $68,194.00, FY 2034 $70,2...
Indexes: EARL MANNING, Director, Office of Capital Planning and Policy

title

PROPOSED CONTRACT AMENDMENT

 

Department(s):  Capital Planning and Policy 

 

Vendor:  NORESCO, LLC, Des Plaines, Illinois 

 

Request:  Authorization for the Chief Procurement Officer to increase contract 

 

Good(s) or Service(s):  Energy Conservation Measures

 

Original Contract Period:  6/17/2015-4/20/2037

 

Proposed Contract Period Extension:  N/A

 

Total Current Contract Amount Authority:  $32,833,402.00

 

Original Approval (Board or Procurement):  7/1/2015, $32,833,402.00

 

Previous Board Increase(s) or Extension(s):  N/A

 

Previous Chief Procurement Officer Increase(s) or Extension(s):  N/A

 

This Increase Requested:  $1,176,150.00

 

Potential Fiscal Impact:  FY 2018 $43,771.00, FY 2019 $45,084.00, FY 2020 $46,437.00, FY 2021 $47,830.00, FY 2022 $49,265.00, FY 2023 $50,743.00, FY 2024 $52,265.00, FY 2025 $53,833.00, FY 2026 $55,448.00, FY 2027 $57,112.00, FY 2028 $58,825.00, FY 2029 $60,590.00, FY 2030 $62,407.00, FY 2031 $64,280.00, FY 2032 $66,208.00, FY 2033 $68,194.00, FY 2034 $70,240.00, FY 2035 $72,347.00, FY 2036 $74,518.00, FY 2037 $76,753.00

 

Accounts:  200 - 450 Maintenance and Repair of Plant Equipment

 

Contract Number(s):  1528-14648

 

Concurrences:

The vendor has met the Minority-and Women-owned Business Enterprise Ordinance via direct participation.

 

The Chief Procurement  Officer concurs.

 

Summary:  This increase provides funding to perform the measurement and verification (M & V) of the installed energy conservation measures.  Under the terms and conditions of the contract, NORESCO, LLC will provide performance monitoring summarized in the form of quarterly reports and guarantee reconciliation in the form of an annual report.  The period for M&V services is 20 years.

 

 

This contract was awarded through Request for Proposal (RFP) procedures in accordance with the Cook County Procurement Code. NORESCO, LLC was selected based on established evaluation criteria.

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