Financing and Financial Proposal Review  

Education Type: 
Live Online
1.5 Hours
1:00 PM - 2:30 PM (EST)
0.2 CEU

This training provides an in-depth overview of financing for energy savings performance contracts (ESPCs), including where the financing comes from, what's in the payments and how they break down, and details about the amount financed. Attendees gain a strong understanding of the ESPC indefinite-delivery, indefinite-quantity (IDIQ) financing process; components of the interest rate; and strategies to reduce interest costs. FEMP best practices for conducting the financial proposal review is a key part of the training as well as Task Order Summary Schedule (construction period interest payment) and Schedule 3 (capital costs/loan repayment).

This training also provides a strong foundation for understanding the ESPC financing process. The training is sponsored by DOE/FEMP and is taught by experts in the field of third-party financed contracts including federal contracting officers (retired), federal project executives, DOE national laboratory experts, and other consultants with extensive background in ESPCs. Registration is open to federal employees, DOE National Labs, and state and local government employees. Others, such as DOE M&O contractors may be considered on a case-by-case basis.


Kurmit Rockwell, PE, CEM, LEED AP, U.S. Department of Energy Federal Energy Management Program  

Kurmit Rockwell serves as ESPC program manager where he oversees services, tools, and resources needed to assist agencies with implementing successful ESPC projects. Over a career spanning 25 years, Kurmit's work included engineering and all aspects of ESPC project implementation for federal, state, and local governments. His work in the public and private sector energy services industry has focused on evaluation and implementation of energy and water cost saving technologies, smart building energy optimization services, renewable energy systems, and demand side management. He holds a bachelor's degree in chemical engineering from Polytechnic Institute of New York University and a master's degree in building systems engineering from the University of Colorado. He is a registered professional engineer in multiple states.

Russ Dominy, ESPC Instructor, BGS-LLC  

Russ Dominy is an experienced acquisition professional having served as the former acquisition director/chief of contracts office at NAVFAC Engineering and Expeditionary Warfare Center. Russ was the department head responsible for overall management of 50 employees, including 40 contracting personnel. Russ also has held positions as the supervisory contracting officer, procurement contracting officer (PCO), administrative contracting officer, contract specialist, acquisition manager, and contracting officer representative. Russ served as the PCO and source selection authority for all large contract actions including over $1B in ESPC contracts. Russ was responsible for Command Government Commercial purchase card consisting of more than $2 million in transactions annually.

Christine Walker, PhD, PE, CEM, LEED AP, Oak Ridge National Laboratory  

Dr. Christine Walker provides technical support to the Federal Energy Management Program (FEMP). She performs engineering and economic analyses for FEMP's ESPC program in the implementation of energy, resiliency, and cost savings projects at federal facilities. Prior to this position, Christine worked in industry for energy service companies for more than 10 years in the development of ESPC projects in the public, private, and federal markets. She has more than 20 years of experience in leading and managing project development and engineering teams and addressing comprehensive energy management in the commercial, institutional, residential, and industrial markets through analytics and building performance analyses. Christine received her doctorate in building technology from the Massachusetts Institute of Technology, her Master of Science in mechanical engineering, and her Bachelor of Science in Architecture from the University of Illinois. She is a licensed professional engineer in six states.

Learning Objectives

Upon completion of this course, attendees will be able to:

  • Explain the ESPC financing process;
  • Describe the flow of money and how competition in financing offers the best deal;
  • Identify which Task Order Schedules are required for financing per the ESPC IDIQ; and
  • Define the FEMP best practices for reviewing the financing proposal.
Federal Agencies and Facility Criteria: