Renewable Energy Credits (RECs) Accreditation, Tracking and Sales

This contract is for the accreditation, tracking, and monitoring of Renewable Energy Credits (RECs) for Pinellas County. The contract is with Midwest Renewable Energy Tracking System Inc DBA M-Rets, and the term is for 8 years, starting from February 1, 2021, and ending on January 31, 2029. The contract includes terms and conditions for the provision of services, payment, and termination. Some key aspects of the contract include: • The contractor must provide the services required by the agreement and must not assign or subcontract without prior written consent from Pinellas County. • The county shall pay the contractor upon completion and acceptance of the services, and all payments shall be made in accordance with the Local Government Prompt Payment Act. • The contractor must comply with all applicable laws, including the Immigration Reform and Control Act of 1986, and must provide a certificate of insurance with the required limits. • The contract can be terminated by either party with 30 days' written notice, and the contractor must indemnify and hold harmless Pinellas County from any claims or damages. • The contractor must retain records relating to the agreement for at least 3 years after final payment and must permit Pinellas County to audit such records. Some key benefits of this contract to Pinellas County include: • The ability to track and monitor RECs, which can help the county to meet its renewable energy goals and reduce its carbon footprint. • The provision of services by a qualified contractor with expertise in RECs tracking and monitoring. • The inclusion of terms and conditions that protect the county's interests, such as the requirement for the contractor to indemnify and hold harmless the county. Some key risks or challenges associated with this contract include: • The potential for delays or non-performance by the contractor, which could impact the county's ability to meet its renewable energy goals. • The risk of non-compliance with applicable laws and regulations, which could result in fines or other penalties. • The potential for disputes or claims arising from the contract, which could result in costly litigation or settlement. Overall, this contract appears to be a standard agreement for the provision of RECs tracking and monitoring services, with terms and conditions that are typical for this type of contract. However, as with any contract, there are potential risks and challenges that must be carefully managed to ensure successful performance and minimize potential disputes or claims.