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?
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Indexed REC-50: 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. Please email the Procurement Administrator at Illinois-RFP@nera.com with the list of Projects for which the Bidder will not be submitting a Part 2 Proposal as early as practicable and no later … 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-48: What conditions may the bid assurance collateral be drawn upon?
A Company may draw upon the letter of credit or a Company may draw upon a cash deposit if: (i) the Bidder or a Seller has disclosed information relating to the Proposal for a Project publicly or to any other party (excluding disclosures required by a federal, state, or local agency, or by a court … Continue reading What conditions may the bid assurance collateral be drawn upon?
Indexed REC-46: 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-45: Does bidder have to be an approved vendor to bid in the RFP?
No, the Bidder is not required to be an approved vendor. The approved vendor concept is specific to the IPA’s Adjustable Block Program and Illinois Solar for All.
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-42: How are the RECs from each winning project allocated to the Companies?
The RECs from each Project selected through this RFP will be allocated by the Procurement Administrator to the Companies in pre-specified proportions (27.318% to AIC, 72.445% to ComEd, and 0.237% to MEC).
Indexed REC-41: When is the bid assurance collateral returned if we submit a Bid and the Project is selected and in the case the Project is not selected?
All bid assurance collateral remains in place until the Commission has rendered a decision on the results of the procurement event. If the Bid for a Project is selected by the evaluation procedure and approved by the Commission, bid assurance collateral remains in place until full execution of the Indexed REC Contract and posting of … Continue reading When is the bid assurance collateral returned if we submit a Bid and the Project is selected and in the case the Project is not selected?
Indexed REC-40: What is the required amount of bid assurance collateral? Is there a cap on the amount required to each utility?
The amount of bid assurance collateral required for a Project is determined separately for each Company as detailed below. As described in Paragraphs V.2.3 and V.2.5, a Bidder that submits Proposals for multiple Projects may post bid assurance collateral by effecting a single wire transfer to each Company or a single PreBid Letter of Credit … Continue reading What is the required amount of bid assurance collateral? Is there a cap on the amount required to each utility?