A Bidder that has paid the Bid Participation Fee will not be reimbursed, even if all Projects presented by the Bidder fail to meet the requirements of the Part 1 Proposal or the Part 2 Proposal or if the Bidder decides not to continue its participation in the RFP.
If you are unable to proceed and you do not present a bid, and if the bid assurance collateral is provided in the form of a letter of credit, the letter of credit will expire on the date stated as part of its terms (unless you provided special instructions with the Part 2 Proposal, in which case the bid assurance collateral can be returned as soon as practicable after the Commission decision). If you are unable to proceed and you do not present a bid, and if the bid assurance collateral is provided in the form of cash, such amounts will be returned as soon as practicable after the Commission decision (assuming that the Bidder provided full instructions on the letterhead of the entity to which cash must be returned).