It is acceptable for an entity other than the Bidder or a Seller to post bid assurance collateral on behalf of the Bidder.

If cash is posted by the “Entity” (an entity other than the Bidder or a Seller) as bid assurance collateral, we would appreciate a note with the wire transfer to identify the Bidder on behalf of which the bid assurance collateral is posted. The Bidder must provide a draft request for the return of cash, on the Entity’s letterhead.  The request is a “draft” in that it may leave all amounts blank and may be unsigned.  The Procurement Administrator may require that a representative from the Entity also sign the Cash Inserts if the Entity is not an affiliate of the Bidder or Sellers.

If a Pre-Bid Letter of Credit is posted by the Entity, the “Entity” is the Applicant.  The Bidder and Seller are identified in Paragraph 12 of the Pre-Bid Letter of Credit.