The durations below are what a transaction of this type takes for a building already in service. On new construction the first two phases collapse into the design program and the schedule follows the project.
Phase schedule
Indicative durations
Phase
Duration
Scope of work
01
4–8 weeks
Site survey, condition and remaining-life assessment, consumption analysis, preliminary scope and valuation
02
6–12 weeks
Scope definition, service level design, financial structuring, title and conveyance review, capital consultation
03
8–16 weeks
Purchase agreement and services agreement negotiation, board and lender approvals, conditions precedent
04
12–36 months
Closing, capital program execution, phased commissioning, staffing and systems handover
05
Term
Continuous operation, maintenance, measurement, reporting, and lifecycle replacement
Phase 01–03
No capital committed
Phase 04
Capital deployed
Phase 05
Term of agreement
Cost to the owner
No cost to the owner through phase three.
Assessment and structuring are carried by us. The owner incurs no expense prior to documentation and retains the assessment.