Page 206 - DMGT521_PROJECT_MANAGEMENT

Unit 11: Project Cash Flow

Notes
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Case Study The Royal Canadian Mint: Improving Energy
Performance

The Royal Canadian Mint is the Crown Corporation responsible for minting and
distributing Canada's circulation coins. It also designs and manufactures collector,
commemorative and gold bullion coins, as well as customized medals and tokens for
customers across Canada and around the world.
With headquarters in Ottawa, Ontario, where it designs the coins, and a production facility
in Winnipeg, Manitoba, the Mint employs over 450 people in all aspects of coin design,
production and marketing.
In the fall of 2003, the Mint recognized an opportunity to improve the energy performance
of its historic building on Sussex Drive in Ottawa, which it has occupied since, its founding
in 1908. It concluded that by using energy and water more efficiently, it could substantially
reduce operating costs and lower greenhouse gas (GHG) emissions that contribute to
climate change.
In addition, by introducing energy-efficient design elements, including new systems and
equipment, the retrofit would improve the building's air quality, creating a healthier and
more comfortable work environment for employees.

In January 2004, the Mint issued a Request for Proposal for energy efficiency improvements
to its facility. By March of that year, representatives of the Mint began to evaluate proposals
from four energy service companies (ESCs), which were pre-qualified under the Federal
Buildings Initiative (FBI).

Contd...

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