CONNECTING UTILITY PROJECTS TO TAILORED SOLUTIONS
Optimizing Water Revenues
Water agencies face reduced revenues and higher enforcement cost when implementing conservation polices to preserve limited water resources. Water Boards have mandated reductions in water consumption which compels agencies to change their strategy to meet the needs of their customers while maintaining financial stability. Many water agencies are looking for new ideas to boost revenues and optimize performance.
Replace Aging Pipes and Install New Water Meters
Install New AMR/AMI Technology to Improve Customer Billing and Revenue Collection
Finance Total Project Cost and Reduce Outstanding Loan Balance with Future Grant Dollars
How to Build and Fund Your Project
Concord Utility Services, in partnership with an experienced Solution Team of leading engineering and water infrastructure specialists provides a comprehensive solution to water agencies. The goal is to modernize America’s infrastructure, while improving revenues, reducing operating costs, and enhancing the customer experience. The Solution Team combines the design & engineering, business case, project management, installation, and financing into one comprehensive solution. Thus, the water agency can focus its resources on its customers and employees.
Incremental Revenues Pay for the Project
Water meters measure the consumption of water for the utility consumer. The installed meter’s accuracy over time will decline due to wear. As such, the meter will typically under register the volume of water product delivered to the customer. By replacing older meters it enables the water agency to measure usage accurately and charge the customer accordingly. Additionally, adding advanced meter infrastructure (AMI) software and hardware will enable the agency to collect usage data remotely, identify system leakage, and schedule repairs to boost revenue.
For example, a 20,000 connection water agency is experiencing a 10% annual production loss due to water leakage and inaccurate metering. At an average cost of $2.50/HCF this could result in annual losses in excess of $2.0 million. Improving customer meter accuracies a mere 3% can increase revenues as much as $600,000 per year. Assuming the project cost $3 million to complete, the water agency could recover its cost within five years.
Financing Capital Projects
Many water agencies finance their capital improvement programs with low interest rate loans. The loans are secured by the agencies revenues, collateral, or both. They are commonly used to fund water meter, pipeline, facility, and treatment plants quickly and efficiently. Project amounts range from a few hundred thousand to the tens of millions of dollars. The loan can be structured with monthly, quarterly, semi-annual, or annual payments that are spread over the economic useful life of the project, which typically ranges from three to twenty years.
Project Financing Benefits
Start Project Quickly
Eliminate Grant Funding Delays
Match Payments to Budget
Spread Cost over More Users
The Solution Team
Assessing your needs and picking the right team are keys to success. Concord Utility Services partners with leading engineering and water infrastructure firms to provide a seamless solution to save you time, boost revenues, and improve operational efficiency.
Review Meter Assets and Identify Cost Savings
Prepare Client Business Case/Performance and Measurement Verification
Provide Financing, Grant Assistance, and Technical Support
Billing Systems & Services
Meter/AMI/AMR Monthly Maintenance
The Solution Team can assist your water agency with developing a comprehensive plan to provide stable revenues, control cost, and improve the customer experience.
For more information email us your questions or comments to: firstname.lastname@example.org
or call Doug Oberheu at 951-757-6100
Concord Utility Services
24619 Washington Ave ~ Suite 202
Murrieta, CA 92562
2332 Galiano Street
Coral Gables, FL 33134
4600 E. Washington
Phoenix, AZ 85034
400 S. 4th Street
Las Vegas, NV 89101
2425 West Loop South
Houston, TX 77027
615 St George Square Ct
Winston-Salem, NC 28103
Phone: +1 800 651 8950
Concord is rolling out new projects in Texas and Florida!