1. During the term of a performance contract, the qualified service company shall monitor the reductions in energy or water consumption and other operating cost savings attributable to the operating cost-savings measure purchased or installed under the performance contract, and shall prepare and provide a report to the using agency documenting the performance of the operating cost-savings measures:
(a) At the time that the work required by the performance contract is completed and 1 year after that work is completed; or
(b) At such other intervals as specified in the performance contract.
2. A qualified service company and the using agency may agree to make modifications in the calculation of savings based on:
(a) Subsequent material changes to the baseline consumption of energy or water identified at the beginning of the term of the performance contract.
(b) A change in utility rates.
(c) A change in the number of days in the billing cycle of a utility.
(d) A change in the total square footage of the building.
(e) A change in the operational schedule, and any corresponding change in the occupancy and indoor temperature, of the building.
(f) A material change in the weather.
(g) A material change in the amount of equipment or lighting used at the building.
(h) Any other change which reasonably would be expected to modify the use of energy or the cost of energy.
(Added to NRS by 2003, 3059; A 2005, 2904)
Structure Nevada Revised Statutes
Chapter 333A - Purchasing: State Performance Contracts for Operating Cost-Savings Measures
NRS 333A.005 - Legislative declaration.
NRS 333A.015 - "Board" defined.
NRS 333A.020 - Building" defined.
NRS 333A.030 - Operating cost savings" defined.
NRS 333A.040 - Operating cost-savings measure" defined.
NRS 333A.050 - Performance contract" defined.
NRS 333A.060 - Qualified service company" defined.
NRS 333A.070 - "Using agency" defined.
NRS 333A.084 - Requirements for comprehensive audits.
NRS 333A.086 - Third-party consultants.
NRS 333A.0906 - Refunding of obligations: Resolution; purposes.
NRS 333A.0912 - Issuance of refunding and other obligations separately or in combination.
NRS 333A.0914 - Other statutory provisions applicable to refunding obligations.
NRS 333A.0916 - Conditions for refunding obligations.
NRS 333A.0918 - Conclusive determination of using agency that statutory limitations have been met.
NRS 333A.092 - Recital in resolution as conclusive evidence of validity of obligation.
NRS 333A.100 - Indebtedness of State under contract; term of contracts.
NRS 333A.110 - Period over which payments become due.
NRS 333A.120 - Prevailing wage requirement.
NRS 333A.130 - Monitoring of cost savings attributable to operating cost-savings measures.
NRS 333A.140 - Information concerning performance contract provided to Office of Energy.
NRS 333A.150 - Financial mechanisms to guarantee operational cost savings are realized.