Announcements


W&S-172: Can you confirm that an agency agreement is required in the case that the Bidder is a parent company and the Seller for each Project are special-purpose, affiliated entities?

We confirm that an agency agreement is neither required nor expected in the case where the Bidder is a parent company and the Seller is a special-purpose entity.  An agency agreement is a specific relationship whereby a first party, the “principal”, agrees that specific actions by a second party, the “agent” can bind the principal.  It is expected by the RFP Rules that in the case of a Bidder presenting proposals for multiple projects with different Sellers, the Bidder and the Sellers are affiliated entities.