Announcements


IFP-52: FAQ-IFP-51 indicates that “unless otherwise instructed by the Procurement Administrator” the size of the Project used for calculating the bid assurance collateral is the size of the Project provided in the Part 1 Proposal. In what circumstances would the Procurement Administrator instruct otherwise?

There are circumstances where the Procurement Administrator sets a Maximum Bid Size based on a portion of the Project that is able to bid into the procurement event.  In such a case, bid assurance collateral can be based on the portion of the Project upon which the Maximum Bid Size was determined.