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Awarded contract·Florida State University·Florida

Financing of an Energy Performance Contract

Won by Bank of America Public Capital Corporation$6MSingle Award
Contract source

Awarded vendors

  • Bank of America Public Capital Corporation

Description

This contract is for the financing of an energy performance contract to fund facility improvement measures to the Biomedical Research Facility at Florida State University. The contract was awarded to Bank of America Public Capital Corporation, and the financing is guaranteed by Siemens Industry, Inc. energy savings performance contract. The contract has a term of up to $6,000,000 in financing, and the interest rate is locked for 45 days from the date of the proposal. The contract also includes provisions for prepayment terms, construction interest, and amortization schedule. • The contract is for the financing of an energy performance contract • The contract was awarded to Bank of America Public Capital Corporation • The financing is guaranteed by Siemens Industry, Inc. energy savings performance contract • The contract has a term of up to $6,000,000 in financing • The interest rate is locked for 45 days from the date of the proposal

Attached files

Key dates

Starts
6/1/2016

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
522320
Solicitation №
ITN 5804-1

Contract value

$6,000,000

Based on the contract description, the estimated value of the contract is up to $6,000,000 in financing. This estimate is based on the maximum amount of financing that will be provided by Bank of America Public Capital Corporation. The actual value of the contract may be lower, depending on the final terms of the contract. Factors that may influence the likely contract value include the interest rate, prepayment terms, and construction interest.

AI estimate from the award documents

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