Step 4 - Contract Obligation

Once all of the i's have been dotted and the t's crossed, Ennovate makes a final presentation of the contract to be implemented for the energy project.  Our contract documents typically reflect the appropriate legislative jurisdiction in place for energy saving performance contracts.  Along with the contract we present a formal report that was developed in Step 3 to the formal decision making body or person.   

Commitment Objective

The client makes a decision to execute the energy savings and implementation contract.   If the client declines to proceed to Step 5, they will pay Ennovate the agreed upon engineering fees in Step 2.

Financial Obligation

The financial obligation to pay Ennovate for progress on the project is made at this point.  In most cases Ennovate provides supplemental funding with grants, lease-purchase agreements and other financing vehicles that will be paid out of guaranteed energy savings throughout the term of the contract.