Announcements


BEC-6: Can surety bonds be used in place of a Pre-Bid Letter of Credit for the purposes of bid assurance collateral?

No, surety bonds cannot be used in place of a Pre-Bid Letter of Credit. With the Part 2 Proposal, a Bidder that intends to submit Bids for a procurement event for a Company must submit an executed Pre-Bid Letter of Credit to that Company in an amount sufficient to support its Bids as specified in the RFP Rules. Bidders participating in a procurement event for Energy Products must submit a Pre-Bid Letter of Credit for a Company in an amount no less than $5,000 per block of the Bidder’s Maximum Quantity subject to a $250,000 minimum for AIC and ComEd and subject to a $25,000 minimum for MEC. The required amount of the Pre-Bid Letter of Credit for the AIC Capacity Product is $200,000. You 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.