New IPMVP: Impact on Performance Contracting

Abstract

As an engineer, how do you judge the accuracy of your predic-
tions?
As an owner, how do you know that you are getting promised
results?
As a banker or financier, how do you gauge the value of your
investments? Or, as an insurance or performance assurance broker, how
do you weigh risk coverage?
As an ESCO, how can you look the customer in the eye and tell
him how much energy was really saved?
Without measurement, some type of yardstick, we don’t know:
• where we have been;
• where we are;
• where we are going; or
• whether we have arrived at our goal.
We cannot compare results unless we have a commonly accepted
yardstick... with language we all understand and can use.