Bid assurance collateral that is tendered for the first procurement event and that is still required for the second procurement event will roll over to the second procurement event.   In that manner, a Bidder that provides bid assurance collateral in the first procurement event and that participates in the second procurement event with the same Projects will already have the bid assurance collateral in place for the second procurement event.

However, if a Bidder participates in the first procurement event but does not participate in the second procurement event (as evidenced by the Bidder not submitting the Part 1 Proposal in the second procurement event for any of the Bidder’s Projects), the Bidder can submit an amendment to provide April 5, 2018 as the revised date of expiration of its Pre-Bid Letter of Credit or can submit a request for the return of cash tendered as bid assurance collateral to release the bid assurance collateral earlier (on or after the Part 1 Date of the second procurement event). Similarly, if a Bidder participates in both procurement events but the aggregate size of the Bidder’s Projects is less in the second procurement event than in the first procurement event, then the Bidder can submit an amendment to reduce the amount of its Pre-Bid Letter of Credit or can submit a request for the return of a portion of the cash tendered as bid assurance collateral on or after the Part 1 Date of the second procurement event.