Announcements


Indexed REC-24: Is there any negotiation period to discuss the letter of credit redlines before the final list of acceptable modifications are released? What is the general review process with the Companies?

The process to provide comments on, or propose modifications to, each of the Standard Pre-Bid Letters of Credit and Standard Post-Bid Letters of Credit does not include a negotiation period to discuss directly with a Company or the Procurement Administrator.

The process during the Part 1 Window proceeds generally as follows. The Bidder provides comments and proposes modifications from their financial institutions exclusively by submitting a redline of the Standard Pre-Bid Letters of Credit and Standard Post-Bid Letters of Credit in Microsoft Word format. The submission from the Bidder is redacted for any identifying information and provided to the applicable Company for review. Once the Company has completed the review, the Procurement Administrator will provide a response directly to the Bidder noting whether each proposed modification is acceptable or not acceptable to the applicable Company. Any one of a Bidder’s comments or proposed modifications may result in an addition to the list of approved by the Company for use by all Bidders on an optional basis. The final list of acceptable modifications will be posted by the opening of the Part 2 Window.