going to pass it back to Vishal here.
>> Thanks Matt.
So I want to talk a little bit about what do we do beyond stage one.
Stage one gives us a very quick and
objective evaluation of multiple alternatives in a plan.
And once we get to a preferred plan, what stage two, three, and four for
the tool allow you to do is to improve and refine the performance of the plan itself,
to achieve a set of benchmarks that we establish for the plan.
Let me explain that some more.
So once you've got a plan, we will take that plan and
take different components within the plan, transportation, building energy,
water, the level of carbon sequestration, the public realm energy component.
And fine-tune those based on a set of metrics we've established for
ourselves based on cost, based on ease of implementability,
and come up with packages that achieve different levels.
And what stage three does is take those different,
and let's just call them baseline, good, better, and best.
Take those four levels of improvement for each of those components, and
allow you to gain them.
And see what the cost implications are and see what the benefits are from
a common standpoint or from a building energy standpoint, and that's stage three.
And the final stage lets you, when the project gets built out and
implemented, sort of evaluate the performance and monitor that.
[COUGH] So, the inputs into the next level is the master plan itself.
And these are the components that they evaluate.
But the key point we want to make here is it's really an economics driven approach.
because what it does is once you've got these benchmarks and
sets of strategies established for achieving the good or the better or
the best, we do a cost benefit analysis.
What is the cost of implementing those sets of strategies and
how much is the payback?
I mean, how long does it take for you to recover your capital cost you've put in?
Is it three years, five years, for this set of strategy?
And that helps you in the gaming process, and
developing what would be an optimal solution for a particular context.