SCHNEIDER INVESTMENT GRADE AUDIT AGREEMENT

The Schneider Investment Grade Audit Agreement is a contract between the City of Sierra Vista, Arizona, and Schneider Electric Buildings Americas, Inc. (ESCO) for the performance of an Investment Grade Audit to determine the scope of work, guaranteed savings amount, energy conservation measures, and project price for a comprehensive improvement program. The contract includes provisions for audit services, financial commitment, and preliminary schedule. The key aspects of the contract include: • The City of Sierra Vista, Arizona, is the agency that created and decided to award this contract. • Schneider Electric Buildings Americas, Inc. (ESCO) is the vendor awarded this contract. • The contract duration is approximately 3 years. • The contract includes provisions for audit services, financial commitment, and preliminary schedule. • The financial commitment includes a payment of $96,000 if the customer does not execute a guaranteed Energy Savings Contract with ESCO within 60 days of receiving the contract. • The contract includes a preliminary schedule with target dates for the Investment Grade Audit process.