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KEDC Price Contract: A Method That Works

July 23, 2018
kedc-price-contract

Kentucky Educational Development Corporation (KEDC) offers a transparent selection process for guaranteed energy savings contracts that provides Kentucky school districts with a detailed scope and open book pricing upfront, ensuring your district will never overpay for critical facility upgrades that save energy and money.

KEDC Price Contract

A price contract is an alternative construction delivery method that utilizes cooperative purchasing techniques for scale and quality, saving school districts time and money by providing a defined scope before a Guaranteed Energy Savings contract. All price contracts are in accordance with applicable regulations, including insurance and performance bonds for pre-qualified providers, and have approval from the KEDC. With a KEDC price contract,  school districts will:

  • Reduce energy and operating costs
  • Improve classroom environmental conditions
  • Improve maintenance and operation of facilities
  • Reduce carbon footprint and improve environmental factors

Benefits

With a KEDC Guaranteed Energy Savings price contract,  school districts can expect:

  • Assistance  with the BG-1 process
  • Detailed engineering design
  • Defined scope before a contract
  • Open book, transparent pricing
  • Flat cost structure without unnecessary mark-ups
  • Performance guarantees

Maximize Bonding and Facility Improvement Capacity

100% Self-Funded Facilities Project               50/50 Matched Funding for Project


Increased Bonding for Traditional RFP Improvements Graphic

Procurement Process: Predictable, Defined, Streamlined

KEDC Price Contract vs. Traditional RFP timeline

Fast-Track Summer Projects

With the KEDC price contract, fast-track summer renovations are an efficient and effective way to complete Guaranteed Energy Savings projects while buildings are unoccupied. Begin your project with the end in mind. Performance Services will handle the following milestones:

Benefits as Compared to Traditional GESC

The KEDC Price Contract offers several benefits that a traditional delivery method does not. Performance Services guarantees measurable results to Kentucky school districts looking to improve facilities, energy efficiency, and the learning environment.

Kentucky Schools Benefits
and Considerations
Performance Services
KEDC Price Contract
Traditional GESC
Pre-approved, qualified provider eliminates
need to issue a new RFP saving the district
time and resources

YES

NO
KEDC consultant helps facilitate KDE
documents and process

YES

NO
Detailed engineering designs included
with proposal

YES

NO
Multiple contractor bids per trade

YES

NO
Transparent, open-book pricing ensures the best
value for the district

YES

NO
Well-defined project scope before contract

YES

NO
Firm price with no change orders within the agreed
scope of work

YES

YES

Flat cost structure with limited mark-ups

YES

NO
Required KDE BG-1 process review and approval

YES

YES

Guaranteed utility, water/sewer, and operational
savings funds facility improvements

YES

YES

Performance guarantees

YES

YES

High-Performance Outcomes

 

Covington Independent Public Schools Logo

"We found that the KEDC price contract delivery method provided the best bang for our buck. Unlike the traditional process used to execute energy savings projects, the price contract process demands scope details up front and transparent, open book pricing, eliminating unnecessary mark-ups."

Eric Neff

Personnel Director, Covington Independent Public Schools

Since 1998, Performance Services’ specialty is designing and delivering high-quality, energy-efficient schools with optimal learning environments at low operating costs. Our approach includes Owner control of budgets, timelines, and outcomes—made possible due to single-source accountability for design, construction, and performance assurance.

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David Dowdell


David Dowdell

Business Development Manager

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