First, please note that the contract execution formalities, including the posting of Performance Assurance, will occur only after the ICC approves the AIC Capacity procurement event results.
AIC will prepare all of the necessary contract documents for the Bidder’s execution once the ICC approves the results. The Bidder then has three (3) business days to execute and meet the creditworthiness requirements of the (AIC) Capacity Agreement once it has been notified that the ICC approved the Bidder’s winning bids. The requirements for posting, transferring, holding and using Performance Assurance are set forth in Attachment A of the (AIC) Capacity Agreement.
Additionally, you may ask the individual from AIC who provides you with the contract documents questions at the time of contract execution.