FACILITIESRECOMMENDED

UAF energy performance loan with ESCO endorsed

The Arkansas Higher Education Coordinating Board deemed economically feasible a University of Arkansas, Fayetteville plan to secure up to $13 million in financing for a campus-wide Energy Performance Project, with savings guaranteed by an Energy Service Company. The loan will run up to ten years, funding LED lighting, HVAC upgrades, and other energy conservation measures that are expected to generate annual savings exceeding debt service.

Document date · October 29, 2021

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $13.0 million
Contract type
FACILITIES
Contract term
Up to ten (10) years at an annual interest rate not to exceed 4.0 percent
Renewal
Single loan financing arrangement; no renewal terms discussed. Project is structured under the Arkansas Energy Performance Contracting Program with guaranteed savings exceeding project cost.
Document type
AgendaPacket
Source document
Arkansas Higher Education Coordinating Board Agenda Packet October 2021

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Graduate Medical Education Residency Expansion | State of Arkansas?

Energy Service Company was awarded this facilities contract by Graduate Medical Education Residency Expansion | State of Arkansas, as recorded on October 29, 2021. The contract value is Not to exceed $13.0 million.

How much is the Energy Service Company contract with Graduate Medical Education Residency Expansion | State of Arkansas worth?

The Energy Service Company contract with Graduate Medical Education Residency Expansion | State of Arkansas is valued at Not to exceed $13.0 million, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Arkansas Higher Education Coordinating Board Agenda Packet October 2021 (AgendaPacket), dated October 29, 2021 from Graduate Medical Education Residency Expansion | State of Arkansas. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Energy Service Company hold?

Energy Service Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Graduate Medical Education Residency Expansion | State of Arkansas currently buying?

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