CRG-13: If a bidder presents a proposal for a project where not all non-ministerial permits have been obtained and the project is approved by the Commission, what happens if a permit falls through and the project is not built? Does the bidder forfeit the performance assurance posted to satisfy the collateral requirement?

The Collateral Requirement is posted upon contract execution in an amount of 1/15th of Maximum Contract Value under the applicable supplier contract(s) and remains in place throughout the term of the contract. Under the REC Contract, a Seller can request an extension as described in 5. Energization of the Project.  However, if the Project is not built, the Collateral Requirement will be forfeited.