With the Part 2 Proposal, a Bidder that intends to submit Bids for a procurement event must submit bid assurance collateral in the form of either cash or an executed Pre-Bid Letter of Credit to that Company for that procurement event in an amount sufficient to support the Bids. A letter of intent to provide … Continue reading If I choose to rely on the financial standing of a Guarantor with the Part 1 Proposal, am I required to submit a letter of intent to provide a guaranty as part of my bid assurance collateral with the Part 2 Proposal?
Archives
BEC-26: Can you provide an overview of the financial requirements of the Part 1 Proposal?
Financial requirements of the Part 1 Proposal are described in Section IV.3 of the RFP Rules and are summarized below. In its Part 1 Proposal, a Bidder must name the Entity on whose financial standing the Bidder is relying. The Bidder can either: (a) enter the name of the Bidder, indicating that the Bidder is … Continue reading Can you provide an overview of the financial requirements of the Part 1 Proposal?
BEC-24: Is a bidder required to submit evidence that it is an Aggregator of Retail Customers in order to qualify to participate in the AIC Capacity procurement event?
A bidder is not required to submit evidence that it is an Aggregator of Retail Customers in order to qualify to participate in the AIC Capacity procurement event. As part of the Proposal, a bidder will be required to certify that it has all regulatory authorizations necessary for it to legally perform its obligations under … Continue reading Is a bidder required to submit evidence that it is an Aggregator of Retail Customers in order to qualify to participate in the AIC Capacity procurement event?
BEC-21: Are the information and documents, including Inserts, we previously submitted in the online Part 1 Form and the online Part 2 Form retained from prior BEC RFPs?
No. Previously submitted information and documents, including Inserts, are not retained from prior BEC RFPs. All Bidders must complete the online Part 1 Form and the online Part 2 Form in their entirety, including all documents required by the Fall 2023 BEC RFP.
BEC-18: Are signatures required to be notarized for any of the Inserts?
When an Insert requires a signature, it must be completed either by: (i) printing, signing, and scanning the Insert; or by: (ii) digitally signing the Insert and providing along with the Insert an additional document or information that verifies the identity of the signatory. In some cases, it will be required that the signature of … Continue reading Are signatures required to be notarized for any of the Inserts?
BEC-16: If we have paid the Bid Participation Fee in a year prior to 2023, do we need to pay the Bid Participation Fee for the Fall 2023 BEC RFP?
A Bidder that has not paid a Bid Participation Fee pursuant to its participation in a prior 2023 procurement event, such as the Early 2023 Capacity RFP or the Spring 2023 BEC RFP, and that submits a Part 1 Proposal is required to pay a nonrefundable Bid Participation Fee for the Fall 2023 BEC RFP.
Indexed REC-52: When is the Part 1 Notification transmitted to Bidders?
If a Bidder qualifies a Project pursuant to a successful Part 1 Proposal, the Procurement Administrator transmits to the Bidder, using a secure electronic method, a Part 1 Notification as well as some documents necessary for the Bidder’s continued participation in the RFP. The Part 1 Notification will be transmitted by the Part 1 Notification … Continue reading When is the Part 1 Notification transmitted to Bidders?
Indexed REC-44: If the Bidder is an Equity Eligible Contractor under the IPA’s Adjustable Block Program do they need to qualify separately to be approved as an Equity Eligible Contractor for this Indexed REC Procurement?
If the Seller is an Equity Eligible Contractor and has already been approved by the IPA as an Equity Eligible Contractor through the Adjustable Block Program, the Bidder must provide evidence of such approval by email to the Procurement Administrator or by upload to the application website, no additional approval process is required to be … Continue reading If the Bidder is an Equity Eligible Contractor under the IPA’s Adjustable Block Program do they need to qualify separately to be approved as an Equity Eligible Contractor for this Indexed REC Procurement?
Indexed REC-43: If a Project is operational as of the Part 1 Date is it still eligible to participate?
A Project that first started operations on or before June 1, 2017 is not eligible to participate in this RFP. If the Project is operational as of the submission of the Part 1 Proposal, the Date of First Operation of the Project must be provided and such date cannot have occurred on or before June … Continue reading If a Project is operational as of the Part 1 Date is it still eligible to participate?
Indexed REC-39: Can a Bidder submit a Proposal for a Project and also be the guarantor in another Proposal for a Project submitted by a different Bidder or Seller?
In accordance with Section V.3. of the RFP Rules, as a necessary part of preparing the Proposal, the Seller may discuss material information relating to the Proposal with the Bidder, with Owners, or with other Sellers whose Projects are presented by the Bidder. Furthermore, the Seller or Bidder may communicate with a financial institution for … Continue reading Can a Bidder submit a Proposal for a Project and also be the guarantor in another Proposal for a Project submitted by a different Bidder or Seller?