No, your Part 2 Proposal will not be automatically rejected in the case you described.  If on the Part 2 Date the Pre-Bid Letter of Credit requirement is deficient, then you will receive a deficiency notice from the Procurement Administrator regarding a Pre-Bid Letter of Credit. At that point, the Bidder must respond by 6 PM on the second business day following the business day during which that first deficiency notice is sent, whichever comes later. If the Bidder responds to a deficiency notice within the time allowed but the response does not correct all deficiencies, the Bidder will, to the extent feasible, receive a further deficiency notice from the Procurement Administrator with additional time. Such additional time to respond to a further deficiency notice will be no longer than the time allowed under a first deficiency notice and, furthermore, in no event will the deadline to respond to a deficiency notice be after 12 PM (noon) on the Bid Date.