St. Edward's University
Contingent payment program expedites university-wide green infrastructure improvements
St. Edward’s University in Austin, Texas, was ready to make campus-wide updates to modernize its facilities, enhance sustainability and deliver the best student experience possible.
The university’s board was well-versed in innovative procurement mechanisms, and they were intrigued by the possibility of engaging in a performance contract. However, Texas’s consistently low utilities rates made a savings-driven approach unprofitable.
The university needed a funding method that would allow them to maintain budget neutrality while making extensive infrastructure and sustainability improvements. The Johnson Controls financing team worked alongside university leadership to align the school’s needs with an appropriate funding mechanism.
Engaged under a contingent payment program, Johnson Controls got to work. To ensure campus life remained uninterrupted, Johnson Controls experts developed a flexible, customized schedule built around buildings’ occupation timetables.