VA Awards $43.7M Energy Savings Contract to NORESCO, LLC for VISN 12

Contract Overview

Contract Amount: $43,702,955 ($43.7M)

Contractor: Noresco, LLC

Awarding Agency: Department of Veterans Affairs

Start Date: 2017-12-21

End Date: 2039-09-20

Contract Duration: 7,943 days

Daily Burn Rate: $5.5K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 4

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: IGF::OT::IGF OTHER FUNCTIONS - ENERGY SAVINGS PERFORMANCE CONTRACT (ESPC) VISN 12

Place of Performance

Location: NORTH CHICAGO, LAKE County, ILLINOIS, 60064

State: Illinois Government Spending

Plain-Language Summary

Department of Veterans Affairs obligated $43.7 million to NORESCO, LLC for work described as: IGF::OT::IGF OTHER FUNCTIONS - ENERGY SAVINGS PERFORMANCE CONTRACT (ESPC) VISN 12 Key points: 1. Significant investment in energy efficiency for Veterans Affairs VISN 12. 2. NORESCO, LLC, a known energy services provider, secured the contract. 3. Full and open competition suggests potential for competitive pricing. 4. Long contract duration (2039) requires ongoing performance monitoring.

Value Assessment

Rating: good

The contract value of $43.7M over its term appears reasonable for a large-scale energy savings performance contract. Benchmarking against similar ESPCs would provide a more precise assessment of value.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, indicating a robust process for soliciting bids. This method generally promotes competitive pricing and ensures the government receives the best value.

Taxpayer Impact: Taxpayer funds are being invested in energy efficiency, which can lead to long-term cost savings for the VA and potentially reduce operational expenses.

Public Impact

Improved energy efficiency at VA facilities in VISN 12. Potential for reduced utility costs for the Department of Veterans Affairs. Supports government goals for sustainability and reduced environmental impact.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Positive Signals

Sector Analysis

This contract falls within the Engineering Services sector, specifically focusing on energy savings performance contracts (ESPCs). ESPCs are a common mechanism for federal agencies to finance energy efficiency upgrades without upfront capital costs.

Small Business Impact

The provided data does not indicate any specific subcontracting goals or participation by small businesses in this contract. Further analysis would be needed to determine small business involvement.

Oversight & Accountability

The long-term nature of this contract necessitates diligent oversight by the VA to ensure NORESCO, LLC meets performance obligations and achieves projected energy savings throughout the contract period.

Related Government Programs

Risk Flags

Tags

engineering-services, department-of-veterans-affairs, il, delivery-order, 10m-plus

Frequently Asked Questions

What is this federal contract paying for?

Department of Veterans Affairs awarded $43.7 million to NORESCO, LLC. IGF::OT::IGF OTHER FUNCTIONS - ENERGY SAVINGS PERFORMANCE CONTRACT (ESPC) VISN 12

Who is the contractor on this award?

The obligated recipient is NORESCO, LLC.

Which agency awarded this contract?

Awarding agency: Department of Veterans Affairs (Department of Veterans Affairs).

What is the total obligated amount?

The obligated amount is $43.7 million.

What is the period of performance?

Start: 2017-12-21. End: 2039-09-20.

What are the projected energy savings and how will they be verified?

The contract's success hinges on the accurate projection and verification of energy savings. The VA must have robust mechanisms in place to track energy consumption before and after the upgrades, ensuring that the savings achieved justify the contract's cost and meet the agreed-upon performance metrics.

What are the risks associated with a long-term ESPC contract?

Long-term ESPCs carry risks such as technological obsolescence, changes in energy prices, and potential underperformance by the contractor. The VA needs to ensure contract flexibility and establish clear performance standards and remedies to mitigate these risks over the contract's lifespan.

How does this contract align with the VA's broader energy management and sustainability goals?

This ESPC directly supports the VA's commitment to improving energy efficiency and reducing its environmental footprint. By leveraging private sector expertise and financing, the VA can achieve significant upgrades that contribute to its sustainability objectives and operational resilience.

Industry Classification

NAICS: Professional, Scientific, and Technical ServicesArchitectural, Engineering, and Related ServicesEngineering Services

Product/Service Code: ARCHITECT/ENGINEER SERVICESARCH-ENG SVCS - CONSTRUCTION

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Offers Received: 4

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 1 RESEARCH DR STE 400 C, WESTBOROUGH, MA, 01581

Business Categories: Category Business, Limited Liability Corporation, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $175,466,655

Exercised Options: $175,466,655

Current Obligation: $43,702,955

Subaward Activity

Number of Subawards: 25

Total Subaward Amount: $65,250,402

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: DEAM3609GO29039

IDV Type: IDC

Timeline

Start Date: 2017-12-21

Current End Date: 2039-09-20

Potential End Date: 2039-09-20 00:00:00

Last Modified: 2025-07-22

More Contracts from Noresco, LLC

View all Noresco, LLC federal contracts →

Other Department of Veterans Affairs Contracts

View all Department of Veterans Affairs contracts →

Explore Related Government Spending