No, cash cannot be used in place of a Pre-Bid Letter of Credit. With the Part 2 Proposal, a Bidder must submit an executed Pre-Bid Letter of Credit for the procurement event(s) in which the Bidder is participating.  Bidders must either use the Standard Pre-Bid Letter of Credit provided as an Appendix to the RFP Rules, or the Pre-Bid Letter of Credit must incorporate only those modifications to the Standard Pre-Bid Letter of Credit approved by a Company and posted to the procurement website.