Please help with this scenario:

Core and Shell project with 8 tenants (light manufacturing).
Goal of achieving EAc5.1 and EAc5.2.

The developer will meter total energy use of the Core areas and also submeter HVAC and lighting loads AT THE PANEL using in-panel meters.
The M&V plan will give direction and forms for collecting energy use data as well as documenting changes in occupancy, schedules, and equipment.
Local weather data will be gathered and recorded manually from a local airport database. This information will be provided to the Energy Simulation Provider for input into the Baseline and Calibrated simulations, as appropriate.

Tenant spaces will be wired at the panel to facilitate submetering of HVAC, process and lighting loads with IN-PANEL meters (which are accommodated but not provided). Plug loads will derived by subtracting measured energy from total energy use from the utility-provided meter.
Forms for recording energy use data will be provided as well as guidance for corrective measures if energy use exceeds targets (as established by the tenant).

In my mind these conditions satisfy the intent of the M&V credits without the added expense of a BMS. I don't understand the requirement of a "Centrally monitored electronic metering network in the base building design." Has anyone been successful in using this type of strategy?

Thank you.