For the Bidder to be able to submit Bids on all of its Projects, the Bidder must have submitted bid assurance collateral to all three (3) Companies in an amount that is sufficient given the aggregate size of the Bidder’s Projects. If the Bidder fails to provide bid assurance collateral to one or more of the Companies, all of the Bidder’s Bids will be rejected and none of the Bids will be evaluated.

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, the Procurement Administrator allocates the quantity of RECs selected by the evaluation procedure to all three (3) Companies. For Bidders with Bids approved by the Commission, bid assurance collateral remains in place until full execution of the Indexed REC Contract and posting of any required Performance Assurance, and until payment of the Supplier Fee is received.

Revised 04/01/2022, originally posted 01/31/2022