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REOI Tips & Tools #1
Complete an Effective Cost Savings Application

In Mid-February we launched the CIF's 2015 Request for Expressions of Interest (REOI). This bulletin is the first in a series that breaks down the application process and offers tips to prepare your best possible submission for this year's REOI.

Special Tips & Tools for Cost Savings Project Applications

Here's what you need to know to create top-quality Cost Savings project applications (using REOI Form 3):  

  1. Cost Savings applications take time: You'll need to gather cost quotations, installation plans and drawings, council approval and other supporting documentation. Start now.
  2. Prepare a detailed budget: Include a clear and comprehensive budget for P&E, monitoring/measuring, operating and maintenance costs as well as your capital costs. For guidance see: 2015 REOI Sample Payback Calculation Spreadsheet.
  3. Payback period: Cost saving project payback periods must not exceed eight years. 
  4. Develop timeline and monitoring/measurement plans: These documents are vital features of strong Cost Savings projects. If you need guidance on how to create them, contact CIF.
  5. Include project evaluation criteria: Use as many of the established criteria as possible to demonstrate the strength of your proposed project.

CIF Staff Members Are Here to Help

We welcome your questions, comments and suggestions and are available to provide assistance, especially in the early stages of your project planning.

For more information regarding the REOI process, please contact Gary Everett before the May 1 enquiry deadline.