If another entity is submitting cash as bid assurance collateral on our behalf, is it us (the Bidder) or the is it the other entity that will receive acknowledgment that the bid assurance collateral was received?

The Procurement Administrator will notify the Bidder when bid assurance collateral is received.

If possible, please include a note with the name of the Bidder in the wire transfer to help ensure that the Procurement Administrator recognizes that the Bidder has satisfied the bid assurance collateral requirements. We also remind you that if the “other entity” is also the entity to which cash will be returned, then any draft requests for the return of cash should be on the other entity’s letterhead.

Announcements

S&B-73: If another entity is submitting cash as bid assurance collateral on our behalf, is it us (the Bidder) or the is it the other entity that will receive acknowledgment that the bid assurance collateral was received?