The Procurement Administrator provided instructions for the submission of Bid Assurance Collateral with the Part 1 Notification sent to you on November 19, 2019. These instructions state that a Bidder is required to provide Bid Assurance Collateral in the form of a pre-bid letter of credit for the benefit of the Illinois Power Agency (“IPA”). The amount required is $15,000 times the aggregate size of the Bidder’s Projects (MW, AC rating). Cash is not an acceptable form of Bid Assurance Collateral.
Bid assurance collateral must be received by 12 PM (noon) CPT on December 4, 2019 (the Part 2 Date) along with all other information and documents required by the Part 2 Proposal except for a Bidder’s Bids.
For your convenience, the IPA Standard Pre-Bid Letter of Credit and the list of modifications to the IPA Standard Pre-Bid Letter of Credit that can be adopted on an optional basis are attached to this message.