The instructions for submission of the Pre-Bid Letter of Credit to ComEd are now available upon request. Please email the Procurement Administrator at Illinois-RFP@nera.com.
Archives
BEC-27: Can the Issuing Bank request that the Pre-Bid Letter of Credit for a Company be cancelled before the Expiration Date?
The Issuing Bank may request that the Pre-Bid Letter of Credit for a Company be cancelled before the Expiration Date but after the ICC renders its decision on the results of a procurement event if either: 1) the Bidder is a winning Bidder, the applicable supplier contract and related documents have been executed, the Bidder … Continue reading Can the Issuing Bank request that the Pre-Bid Letter of Credit for a Company be cancelled before the Expiration Date?
BEC-24: Is cash an acceptable alternative to the Pre-Bid Letter of Credit under the Block Energy and Capacity RFP?
Bid assurance collateral must be provided in the form of a letter of credit. The Bidder must either use the Standard Pre-Bid Letter of Credit provided as an Appendix to the RFP Rules, or the Bidder must submit a Pre-Bid Letter of Credit that incorporates only those modifications to the Standard Pre-Bid Letter of Credit … Continue reading Is cash an acceptable alternative to the Pre-Bid Letter of Credit under the Block Energy and Capacity RFP?
BEC-23: If a bank is rated “A-” by S&P Global Ratings (“S&P”), is the bank acceptable as an Issuing Bank for the Pre-Bid Letter of Credit?
A bank that has a rating of “A-” from S&P is not acceptable as an Issuing Bank for the Pre-Bid Letter of Credit. As specified in Paragraph 14 of the Pre-Bid Letter of Credit, if a bank is rated by S&P, the bank must be rated “A” or better.
BEC-22: Do you have contact information for banks that will issue a Pre-Bid Letter of Credit for a procurement event under the BEC RFP?
Please email the Procurement Administrator at Illinois-RFP@nera.com regarding this request.
BEC-21: Our bank is requiring the physical address of a Beneficiary for purposes of issuing a Pre-Bid Letter for a Company even though the bank will submit the Pre-Bid Letter of Credit to a Company and to the Procurement Administrator as an electronic PDF file via electronic means only. Can you provide the physical addresses for the Companies for purposes of issuing Pre-Bid Letters of Credit?
Please email the Procurement Administrator at Illinois-RFP@nera.com to receive this information.
BEC-15: Are the instructions for submission of the Pre-Bid Letter(s) of Credit for the Fall 2021 BEC RFP available yet?
The Pre-Bid Letter of Credit Instructions for each Company were distributed to Bidders on August 18, 2021.
BEC-9: When are comments on the Standard Pre-Bid Letter of Credit for ComEd for the Fall 2021 Block Energy and Capacity procurement event due?
The Procurement Administrator will not be soliciting comments on the Standard Pre-Bid Letter of Credit for ComEd in the Fall 2021 Block Energy and Capacity RFP. A Bidder that is submitting Bids for the Fall 2021 Block Energy procurement event for ComEd must, in its Part 2 Proposal, submit a Pre-Bid Letter of Credit for … Continue reading When are comments on the Standard Pre-Bid Letter of Credit for ComEd for the Fall 2021 Block Energy and Capacity procurement event due?
BEC-8: Can we provide special instructions for the return of our Pre-Bid Letter of Credit submitted for the Spring 2021 Block Energy and Capacity RFP?
For the Spring 2021 Block Energy and Capacity RFP, bidders did not have the option to provide special instructions for the return of the Pre-Bid Letter of Credit for Block Energy or Capacity Products. The submitted Pre-Bid Letter of Credit will expire as part of its terms in Paragraph 1.
Archived-BEC-51: When can a Bidder provide comments on or propose modifications to the Standard Pre-Bid Letter of Credit for each Company?
Bidders had the opportunity to provide comments on or propose modifications to the Standard Pre-Bid Letter of Credit for each Company with the Part 1 Proposal. On March 15, 2021, the Procurement Administrator posted the final lists of acceptable modifications to the Pre-Bid Letters of Credit to the Final Materials page under each of Appendices … Continue reading When can a Bidder provide comments on or propose modifications to the Standard Pre-Bid Letter of Credit for each Company?