Announcements


IFP-62: How is a Bidder that did not submit sufficient collateral based on the aggregate size of all Projects constrained in the Bids that the Bidder can submit?

If on the Bid Date a Bidder submits Bids on Projects for which the bid assurance collateral is insufficient, the Procurement Administrator will require the Bidder increase the amount of bid assurance collateral.  If that is not possible, the Procurement Administrator will require the Bidder to remove some or all of the Bids so that the bid assurance collateral is sufficient to support the aggregate size of the Bidder’s Projects. The Bidder will have the option to resubmit its Bid Form or to provide the amended Bids by phone, provided, however, that the amended Bids are received by the end of the one-hour cure period, at 1 PM (CPT) on the Bid Date.