Water Company Framework Agreements

Water companies have often modified this form of contract to provide for a target cost mechanism. When a project is completed within the target cost, the contractor, the water company and other parties to the risk-sharing instrument contribute to the financial savings in the identified actions, while if the target costs are exceeded, all parties are responsible for the excess costs. Typically, additional savings or costs are shared by the parties up to a limit, often in the order of four percent of the project`s target cost, with the water company bearing the remaining savings or additional costs. This can lead to problems in predicting the final total cost of ownership for water companies, and the author predicts that water companies will seek cost certainty in the future. Framework agreements often contain a number of objectives that must be achieved by the contractor, such as.B. High customer satisfaction with products and services, employment and training of the local workforce to create sustainable jobs and move to zero defects. 09.08.2020 – The quarterly calendar of the aggregation competition is now available. For more details, see the water aggregation schedule and water change model. Framework agreements often provide for the creation of a core group composed of representatives of the water company and the contractor, who meet regularly to review and promote the partnership relationships and the performance of the parties against key indicators. Based in Durham, Wave is a leading national water retailer with years of experience helping businesses reduce their water consumption and electricity bills.