Project Development Process
ICP Protocols are an industry best practice assembly of existing standards, practices, and documentation in order to create the data necessary to enable underwriting or managing of energy performance risk.
The ICP Protocol portfolio includes six protocols to address different building types and project size/scope. Project Developers should select the most appropriate and recent version of an ICP Protocol at project inception. If a new version is released while a project is underway, developers can choose to either stay with their current version or move to the new version.
Similar to an appraisal pack in a commercial real estate deal, each defined EPP creates a standard set of documentation that will help standardize project performance underwriting, leading to better data on performance, and a more efficient marketplace with less duplicative engineering and lower transaction costs. The result should be an increase in deal flow and a more transparent efficient market.
The Investor Confidence Project currently has published protocols that are designed to address the range of typical commercial and multifamily building projects typically found in the market. They include: