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Indexed REC-56: Can the RFP Awarded Annual Quantity be changed or updated under the Indexed REC Contract?

The evaluation of the Bids, which is fully described in Paragraph I.2.11 of the Indexed REC RFP Rules, implies that the number of RECs from the highest-priced Project selected may be less than the full quantity (a “partial award”). For this reason, a Bidder must specify, in addition to the annual full quantity that the … Continue reading Can the RFP Awarded Annual Quantity be changed or updated under the Indexed REC Contract?

Indexed REC-31: Can we provide draft versions of the Pre-Bid Letter of Credit for a Company for review prior to our bank issuing the final executed version?

Neither the Procurement Administrator nor the Companies review draft versions of Pre-Bid Letters of Credit. However, upon request the Procurement Administrator can confirm the amount of bid assurance collateral required to be posted with each company given the Project size. If the submitted Pre-Bid Letter of Credit for any of the Companies, in its current … Continue reading Can we provide draft versions of the Pre-Bid Letter of Credit for a Company for review prior to our bank issuing the final executed version?

Indexed REC-30: Can a Bidder change the size of their Project during the Part 2 Window after submitting the Part 1 Proposal?

No, as stated in Section IV.2.2 of the RFP Rules, once the Part 1 Proposal is complete, the size of the Project cannot be changed for purposes of the Part 2 Proposal. For avoidance of doubt, the restriction to size changes is limited from the time the Part 1 Proposal is complete through the fourteen … Continue reading Can a Bidder change the size of their Project during the Part 2 Window after submitting the Part 1 Proposal?

Indexed REC-28: 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 within 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. The … 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-27: Can a Bidder submit a Part 1 Proposal for a Project and ultimately not move forward with submitting a Part 2 Proposal? Are we required to notify the Illinois Power Agency if we decide not to submit a Part 2 Proposal for a Project?

A Bidder may submit a Part 1 Proposal for a Project, and later decide to not submit a Part 2 Proposal for that Project. If a Bidder ultimately decides not to present a Part 2 Proposal for a Project that qualified through a successful Part 1 Proposal, such Bidder should notify the Procurement Administrator by … Continue reading Can a Bidder submit a Part 1 Proposal for a Project and ultimately not move forward with submitting a Part 2 Proposal? Are we required to notify the Illinois Power Agency if we decide not to submit a Part 2 Proposal for a Project?

Indexed REC-25: Is the Bidder bound to bid the Indicative Quantity of RECs provided in the Part 2 Form?

The Bidder must provide in the online Part 2 Form an indicative quantity of RECs for the Project that represents what the Bidder intends to offer as the full quantity. This indicative quantity of RECs is specified as an annual quantity of RECs. The indicative quantity provided in this section is not binding in that … Continue reading Is the Bidder bound to bid the Indicative Quantity of RECs provided in the Part 2 Form?

Indexed REC-14: Are all required materials for the Part 1 and Part 2 Proposal submitted through the same online form?

The Part 1 Proposal for a Project consists of the completed online Part 1 Form as well as all documents required by the online Part 1 Form. The Part 2 Proposal for a Project consists of the completed online Part 2 Form, the submission of bid assurance collateral, the submission of any other document required … Continue reading Are all required materials for the Part 1 and Part 2 Proposal submitted through the same online form?

Indexed REC-9: 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 within 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. The … 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?