The two requirements are separate. Each Bidder participating in the AIC Capacity procurement event is required to submit a Pre-Bid Letter of Credit in an amount of $200,000 to support its Bids. This Pre-Bid Letter of Credit will expire as part of its terms after contract execution and payment of the supplier fees. This Pre-Bid Letter of Credit cannot be used to meet the performance assurance under the terms of the AIC Capacity Agreement. The performance assurance is 10% of contract price x ZRCs won x 365 days.