Financing and Financial Proposal Review for Performance Contracting  

Education Type: 
1.5 Hours
0.2 CEU

This training consists of an in-depth overview of financing for Energy Savings Performance Contracts (ESPCs). That is, where the financing comes from, what's in the payments and how they break down, and details about the amount financed. Attendees will gain a strong understanding of the ESPC indefinite delivery, indefinite quantity (IDIQ) financing process, components of the interest rate, and strategies on how to reduce interest costs while gaining an appreciation of the ESPC IDIQ requirement for competition in financing. The Federal Energy Management Program (FEMP) best practices for conducting the financial proposal review are a key part of the course. Task order (TO) summary schedule (construction period interest payment) and Schedule 3 (capital costs/loan repayment) will be presented. This training provides a strong foundation for understanding the ESPC financing process.

This training is sponsored by the U.S. Department of Energy's (DOE) Federal Energy Management Program (FEMP) and utilizes 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 an extensive background in ESPCs.


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.

Scott Wolf, Federal Project Executive, Oak Ridge National Laboratory  

Scott Wolf is a federal project executive at Oak Ridge National Laboratory where he supports the U.S. Department of Energy's Federal Energy Management Program. Scott assists federal agencies in the western part of the country with launching successful third-party financed projects and has worked with most federal agencies in the field. He has 30 years of energy technology and engineering experience including performing technical analysis and energy program development in the government sector. He is responsible for assisting a variety of federal agencies with implementing alternatively financed energy projects. In this capacity, Scott provides expert advice and guidance to all levels of an organization that are responsible for completing multimillion dollar energy project deals through energy saving performance contracts and other mechanisms.

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 (TO) schedules are required for financing per the ESPC indefinite delivery, indefinite quantity (IDIQ); and
  • Define the FEMP best practices for reviewing the financing proposal.
Federal Agencies and Facility Criteria: