WASHINGTON, D.C. – June 30, 2015 – (RealEstateRama) — The Building Owners and Managers Association (BOMA) International announces the release of an update to its groundbreaking BOMA Energy Performance Contracting (BEPC) Model to reflect new and emerging best practices. BEPC was created in 2008 by BOMA International in partnership with the Clinton Climate Initiative (CCI) and in collaboration with major real estate companies and energy service companies (ESCOs).
Designed to offer a starting point for navigating through the complexities of an energy performance contract, BEPC provides a conceptual framework and supporting template documents to help private building owners and operators develop and execute investment-grade energy efficiency retrofits to enhance asset value. In addition to simplifying energy efficiency investments, it also is designed to provide transparency on pricing and performance expectations and to give building owners a high degree of confidence that the projects they start will meet the stated goals. The BEPC Model works with all possible funding sources, including Property Assessed Clean Energy (PACE) programs, funding provided through an ESCO or third party and self-financing. Since its initial launch, BEPC has been used to facilitate projects in more than 20 cities across five different continents.
The updated BEPC Model incorporates lessons learned from projects that have been implemented using BEPC or similar models and changes in the energy retrofit industry since BEPC first was launched. In addition, the new BEPC toolkit provides a more robust collection of template documents to aid with service provider selection, bidding and project development, as well as an industry-vetted service contract. These customizable template documents are both negotiable and easy to use. If a building owner prefers to use his or her own standard contract, the BEPC language, principles and exhibits can be easily integrated into it.
“With a global economic recovery underway and commercial building owners once again taking a close look at deep retrofit opportunities, now is the perfect time to release an update to the BEPC toolkit for use by the commercial real estate industry,” commented Brenna S. Walraven, RPA, CPM, BOMA Fellow, president of Corporate Sustainability Strategies and lead author of the BEPC model.
“BOMA International is pleased to provide building owners with a valuable resource that can help them increase asset value, improve operational efficiency and demonstrate to tenants a commitment to sustainability,” added BOMA International Chair-Elect Kent C. Gibson, BOMA Fellow, president of Capstone Property Management, LC.
For more information, please visit www.boma.org/BEPC.
About BOMA International
The Building Owners and Managers Association (BOMA) International is a federation of 91 BOMA U.S. associations and 17 international affiliates. Founded in 1907, BOMA represents the owners and managers of all commercial property types including 10.4 billion square feet of U.S. office space that supports 1.8 million jobs and contributes $227.6 billion to the U.S. GDP. Its mission is to advance a vibrant commercial real estate industry through advocacy, influence and knowledge. Learn more at www.boma.org.
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