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Indexed REC-56: Are Bids evaluated independently for each Category of Project?

The evaluation of bids proceeds independently for each Category as described in paragraph I.2.11. of the RFP Rules. In the first step, for a given Category, the evaluation of bids eliminates the bids with strike prices that fail to meet or beat the benchmark. Benchmarks are established by the Procurement Administrator, in consultation with the … Continue reading Are Bids evaluated independently for each Category of Project?

Indexed REC-43: Can you please confirm that the bid assurance collateral does not need to come from either the Bidder or Seller entities and may come from a parent entity?

Yes. The Bidder may post the bid assurance collateral through an entity other than the Bidder or Seller (e.g., from a parent company). If bid assurance collateral is in the form of cash, the Procurement Administrator requests, but does not require, that you confirm via email to Illinois-RFP@nera.com when you have initiated the wire transfer, … Continue reading Can you please confirm that the bid assurance collateral does not need to come from either the Bidder or Seller entities and may come from a parent entity?

Indexed REC-36: If a Bidder posts bid assurance collateral for a project, but ultimately does not submit a bid for the project, is the full amount of the bid assurance collateral returned?

If a Bidder posts bid assurance collateral and does not submit a Bid, the full amount of the bid assurance collateral will be returned with the timeframes provided in the Indexed REC RFP. All bid assurance collateral remains in place until the Commission has rendered a decision on the results of the procurement event. As … Continue reading If a Bidder posts bid assurance collateral for a project, but ultimately does not submit a bid for the project, is the full amount of the bid assurance collateral returned?

Indexed REC-14: How is the Preliminary RFP Project Percentage used to calculate the bid assurance collateral required in the Part 2 Proposal?

In the Part 2 Proposal, the Bidder must provide a Preliminary RFP Project Percentage, rounded to two decimals, for purposes of calculating bid assurance collateral due with the Part 2 Proposal. The amount of bid assurance collateral required for a Project is a function of the size of the Project and the Preliminary RFP Project … Continue reading How is the Preliminary RFP Project Percentage used to calculate the bid assurance collateral required in the Part 2 Proposal?