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"As a premier employer and leader in the green-collar community, our professionals provide unmatched expertise in delivering cost-saving projects that help our clients achieve more with their energy while using less of our natural resources," said Jeff Drees, president of TAC Americas. "TAC's comprehensive packages of energy-efficient improvements include services such as utility audits, project development and construction, project financing, remote monitoring and control, demand response programs, and mechanical and electrical design engineering."

ESPCs offer many long-term benefits for government agencies, such as improved facility efficiency, occupant comfort, financial management, and environmental protection. Typically, new, more efficient equipment and upgraded facility automation systems maximize energy efficiency and generate utility savings. TAC guarantees the amount of savings that performance contracting projects will achieve and agrees to pay the difference if that amount is not realized.

With this contract, the U.S. government will use private, long-term financing to implement energy-efficiency projects. Money saved through increased efficiencies will pay service providers such as TAC for installing energy conservation measures and for the cost of investment capital and services.

The IDIQ performance contract awarded to TAC provides for a maximum individual contract value of $5 billion over the life of the contract; does not include technology-specific restrictions; and allows federal agencies to use it in federal buildings, nationally and internationally.